Forefront Tech Holdings Acquisition Corp filed a Form 10-Q with the SEC on November 12, 2026, reporting unaudited financial results for the quarter and nine months ended September 30, 2026.

Key Highlights

  • Net income of $745,337 for the three months ended September 30, 2026, compared to a net loss in the prior quarter, according to the filing.
  • Trust Account balance of $101,774,693 as of September 30, 2026, with 10,000,000 Class A ordinary shares subject to possible redemption at $10.18 per share.
  • Interest earned on investments held in Trust Account totaled $914,285 for the three months ended September 30, 2026, and $1,474,693 for the nine months ended September 30, 2026.
  • 500,000 Class B ordinary shares forfeited after the over-allotment option expired unexercised on June 15, 2026, leaving 3,333,333 Class B shares outstanding.
  • Total shareholders' deficit of $(2,029,795) as of September 30, 2026, reflecting accumulated deficit of $(2,030,165).
  • General and administrative expenses were $168,948 for the three months ended September 30, 2026, and $408,610 for the nine months ended September 30, 2026.

Forefront Tech Holdings Reports Q3 2026 Financials and Trust Account Status

Forefront Tech Holdings Acquisition Corp (NASDAQ:FTHA), a blank check company incorporated in the Cayman Islands, reported net income of $745,337 for the three months ended September 30, 2026, driven primarily by $914,285 in interest earned on investments held in its Trust Account, according to the filing. General and administrative expenses of $168,948 for the quarter resulted in a loss from operations of $(168,948), which was more than offset by Trust Account interest income.

As of September 30, 2026, the company disclosed total assets of $102,842,230, with $101,774,693 held in the Trust Account. The 10,000,000 Class A ordinary shares subject to possible redemption were carried at a redemption value of $10.18 per share. The company also reported $3,000,000 in deferred underwriting fees and $17,020 in deferred legal fees as long-term liabilities. Cash on hand was $885,826 as of September 30, 2026, compared to zero at December 31, 2025.

The filing disclosed that the over-allotment option expired unexercised on June 15, 2026, resulting in the forfeiture of 500,000 Class B ordinary shares. As of November 10, 2026, the company reported 10,370,000 Class A ordinary shares and 3,333,333 Class B ordinary shares issued and outstanding. For the nine months ended September 30, 2026, the company reported net income of $1,144,983 and a change in fair value of the over-allotment option liability of $78,900. The company is classified as a smaller reporting company and an emerging growth company, and confirmed its status as a shell company under Rule 12b-2 of the Exchange Act.

What Was Disclosed

The filing covers the unaudited financial statements of Forefront Tech Holdings Acquisition Corp for the quarter and nine months ended September 30, 2026, including balance sheet data, income statement results, changes in shareholders' deficit, and notes regarding Trust Account assets and share forfeiture.