Forum Merger II Corporation Announces Pricing of $200,000,000 Initial Public Offering
August 02 2018 - 5:25PM
Forum Merger II Corporation (the “Company”) announced today that it
priced its initial public offering of 20,000,000 units at $10.00
per unit. The units will be listed on The Nasdaq Capital Market
(“Nasdaq”) and trade under the ticker symbol “FMCIU” beginning
August 3, 2018. Each unit consists of one share of the Company’s
Class A common stock and one warrant, each warrant enabling the
holder thereof to purchase one share of the Class A common stock at
a price of $11.50 per share. Once the securities comprising the
units begin separate trading, the Class A common stock and warrants
are expected to be listed on Nasdaq under the symbols “FMCI” and
“FMCIW,” respectively.
The Company is a blank check company formed for the purpose of
entering into a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue an initial
business combination target in any business or industry, it intends
to focus its search on companies with an aggregate enterprise value
of approximately $500 million to $2 billion that are based in the
United States. The Company is led by Co-Chief Executive Officers
Marshall Kiev and David Boris.
Jefferies LLC is acting as the sole book running manager for the
offering. EarlyBirdCapital, Inc. is acting as co-manager. The
Company has granted the underwriters a 45-day option to purchase up
to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from Jefferies
LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison
Avenue, 2nd Floor, New York, NY 10022, or by telephone at
877-821-7388 or by email at
Prospectus_Department@Jefferies.com.
A registration statement relating to these securities has been
filed with, and declared effective by, the Securities and Exchange
Commission on August 2, 2018. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of these securities in any state or
jurisdiction in which such an offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial
public offering and the anticipated use of the net proceeds. No
assurance can be given that the offering discussed above will be
completed on the terms described, or at all, or that the net
proceeds of the offering will be used as indicated. 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 registration statement and
preliminary prospectus for the offering filed with the Securities
and Exchange Commission (“SEC”). Copies are available on the SEC's
website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
ContactDavid Boris(212)
739-7860david@forummerger.comwww.forummerger.com
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