| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| SG&A Expense | $32K | — | — |
| Operating Income | -$32K | — | — |
| Net Income | -$32K | — | — |
| Line Item | 2026-03-31 | Q/Q | Y/Y |
|---|---|---|---|
| Current Assets | $44K | +541.9% | — |
| Total Assets | $283K | +181.5% | — |
| Total Liabilities | $346K | +162.6% | — |
| Stockholders' Equity | -$63K | -101.7% | — |
Business Overview
Forefront Tech Holdings Acquisition Corp is a blank check company incorporated in the Cayman Islands on November 3, 2025, formed to effect a merger, amalgamation, share exchange, asset acquisition, or similar business combination with one or more businesses, with a current focus on technology industry targets. As of March 31, 2026, the Company had not commenced operations and had not engaged in substantive discussions with any business combination targets. The Company completed its Initial Public Offering on May 1, 2026, generating gross proceeds of $100,000,000 from the sale of 10,000,000 public units and $3,700,000 from private placement units.
Forward Guidance
"The Company will not generate any operating revenues until after the completion of its initial Business Combination, at the earliest." "The Business Combination must be with one or more target businesses that together have a fair market value equal to at least 80 % of the net balance in the Trust Account...at the time of the signing an agreement to enter into a Business Combination." "The Company will have only the duration of the Completion Window to complete the initial Business Combination." Management stated it "does not believe it will need to raise additional funds in order to meet the expenditures required for operating its business" and "has determined that the Company has sufficient funds to finance the working capital needs of the Company within one year from the date of issuance of the financial statements."
Key Risk Factors
The Company faces significant risks including its inability to generate operating revenues until after completing an initial business combination; the risk that it may not be able to successfully effect a business combination within the 18-month completion window, which would require redemption of public shares and potentially leave shareholders with diminished assets; liquidity constraints prior to the business combination, with reliance on sponsor loans to cover operating costs; the dependence on the sponsor's ability to cover third-party claims against the trust account, which may be insufficient; and concentration risk if the Company is unable to identify suitable acquisition targets in the technology sector or any other industry.