Forefront Tech $10 SPAC stays flat as deadline countdown begins
Forefront Tech Holdings Acquisition Corp’s units closed at $9.96 on Nasdaq Friday, just below their $10 IPO price, with 1,304 units traded. The SPAC holds $100.3 million in trust and has yet to announce an acquisition target. Nasdaq will reopen Monday after the weekend. SPACs made up 69% of U.S. IPOs in the first quarter, according to FTI Consulting.