The New York-based special-purpose acquisition company (SPAC) plans to list its shares on the Nasdaq under the ticker symbol FTHA. According to the regulatory filing, the offering consists of 10 million units priced at $10 each. Each unit comprises one share of common stock and one-half of a redeemable warrant, with whole warrants exercisable at $11.50.

Strategic Target Verticals

While the firm maintains a broad mandate, management indicated it will prioritize businesses at the intersection of hardware and decentralized software. The SPAC is specifically scouting for partners involved in:

• Blockchain-enabled artificial intelligence
• Digital trade identities
• Advanced robotics and automation

The venture is led by Chairman and CEO Peter Bilitsch, a veteran of the capital markets who previously served as a director at CIMB Investment Bank in Southeast Asia. Bilitsch's track record includes leadership roles in previous SPAC structures, bringing institutional experience to the search process. The investment bank BTIG is acting as the sole underwriter for the transaction.