Forum Merger IV Corporation Announces Extension of Deadline to Complete Initial Business Combination
April 18 2023 - 4:05PM
Forum Merger IV Corporation (Nasdaq: FMIV) (“FMIV” or the
“Company”) announced today that its board of directors
(the “Board”) has elected to extend the date by which FMIV has to
consummate a business combination (the “Deadline Date”) from April
22, 2023 for an additional month to May 22, 2023, the first of
seven potential one-month extensions of the Deadline Date available
to FMIV.
FMIV’s amendment to its Amended and Restated
Certificate of Incorporation (the “Amended Charter”) extended the
Deadline Date from March 22, 2023 to April 22, 2023 and provided
FMIV with the right to extend the date by which it must consummate
an initial business combination up to seven times for an additional
one month each time up to November 22, 2023. On April 17, 2023,
pursuant to the Amended Charter, the Board determined to extend the
Deadline Date to May 22, 2023 to allow additional time for FMIV to
complete its initial business combination. In connection with the
Board’s determination to extend the Deadline Date to May 22, 2023,
$175,000 was deposited into FMIV’s trust account on April 18,
2023.
About Forum Merger IV Corporation
Forum Merger IV Corporation is a blank check
company incorporated in Delaware on January 15, 2021. The Company
was formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
other similar business combination with one or more businesses. The
Company is not limited to a particular industry or sector for
purposes of consummating a business combination. The Company is an
early stage and emerging growth company and, as such, the Company
is subject to all of the risks associated with early stage and
emerging growth
companies. Forward-Looking
Statements
This press release may include, and
oral statements made from time to time by representatives of the
Company may include, “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of
1934, as amended. Statements regarding possible business
combinations and the financing thereof, and related matters, as
well as all other statements other than statements of historical
fact included in this press release are forward-looking
statements. When used in this press release, words such as
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “would” and similar expressions, as
they relate to the Company or the Company’s management team,
identify forward-looking statements. Such forward-looking
statements are based on the beliefs of management, as well as
assumptions made by, and information currently available to, the
Company’s management. Actual results could differ materially from
those contemplated by the forward-looking statements as a result of
certain factors detailed in the Company’s filings with the United
States Securities and Exchange Commission (the “SEC”). All
subsequent written or oral forward-looking statements attributable
to the Company or persons acting on the Company’s behalf are
qualified in their entirety by this paragraph. Forward-looking
statements are subject to numerous conditions, many of which are
beyond the control of the Company, including those set forth in the
Risk Factors section of the Company’s Annual Report on Form 10-K
filed with the SEC on March 31, 2023, any subsequent Quarterly
Report on Form 10-Q filed with the SEC and in the other reports we
file with the SEC. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Contact:
David Boris(212)
739-7860david@forummerger.comwww.forummerger.com
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