Forefront Tech (FTHA) below trust as SPAC action picks up
Forefront Tech units traded at $9.975 Wednesday morning, slipping below their $10 IPO price and $10.03 trust value. The SPAC raised $100 million in its May 1 Nasdaq debut but has not named a merger target. SPAC IPO activity remains high, increasing competition for technology deals. Forefront’s units trade under FTHAU.