Forum Merger II Corporation Announces Extension of Date to Complete a Business Combination
February 07 2020 - 5:16PM
Forum Merger II Corporation (Nasdaq: FMCI) (the “Company”) today
announced that its stockholders approved an extension of
the date by which it must consummate a business combination from
February 7, 2020 to June 10, 2020, or such earlier date
as determined by the Company’s board of directors in its sole
discretion. In connection with the extension, 4,589 out of
20,000,000 public shares were redeemed by stockholders. As a result
of the extension, the Company will make a cash contribution into
its trust account of $0.033 for each public share that was not
redeemed by stockholders for each of the four consecutive monthly
periods of the extension, assuming the Company takes the full time
through the extended date to complete its initial business
combination.
About Forum Merger II
Corporation
Forum Merger II Corporation is a blank check
company formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated use of the net proceeds. No assurance can be given 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 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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