Forest Acquisition Corp.

General Information

(Note: Forest Acquisition Corp. withdrew its SPAC IPO plans in an SEC filing dated Sept. 8, 2023. In that filing, the company says that it intend to refile its S-1 for its SPAC IPO after it has updated its financial statements.)

We intend to capitalize on our management team’s experience and focus on companies with enterprise values between $200 million and $500 million. (Incorporated in the British Virgin Islands)

Ming Zhang has served as our CEO and chairman of the board since April 2022. He has served as the chairman of the board of CCIS Securities Inc. since December 2021, focusing on managing several growth equity funds in China, and as a director for Softbank Ventures Asia Co., Ltd. since January 2021. Starting in September 2020 and ending in January 2022, Mr. Zhang served as the Chairman of the Board of Softbank Financial Holdings Group Limited, focusing on asset management. 

Zhihua Zhu has served as our CFO since April 2022. Ms. Zhu currently serves as the chairman of Hong Kong Financial Services Limited. She was the founder and chairman of Huahanzhaotian Investment Management Co., Ltd. from December 2014 to May 2021 where she became a Certified M&A Dealmaker and passed the Fund Qualification Exam of Asset Management Association of China. Prior to that, she worked as the Account Executive of the First Hunan Private Jet and Yacht Show from March 2012 to December 2014. 

(Note: Forest Acquisition Corp. filed an S-1/A dated Oct. 5, 2022, in which it disclosed its proposed symbol – “FOACU” – for its SPAC IPO (units) to be listed on the NASDAQ. Forest Acquisition filed its S-1 on June 13, 2022. The blank check company, also known as a special-purpose acquisition company or SPAC, has not yet selected a proposed stock symbol.)

Employees: 0
Founded: 2019
Contact Information
Address 434 W. 33rd Street Suite 700 New York, New York 10001
Phone Number (646) 921-1721
Web Address
View Prospectus: Forest Acquisition Corp.
Financial Information
Market Cap $84.82mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol FOACU
Exchange NASDAQ
Shares (millions): 6.6
Price range $10.00 - $10.00
Est. $ Volume $66.0 mil
Manager / Joint Managers Ladenburg Thalmann
CO-Managers -
Expected To Trade:
Status: Withdrawn
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change