Forum Merger IV Corporation
FMIV
NASDAQ Capital Market10.35
USD
-0.01
- -
Forum Merger IV Corporation
FMIV
(NASDAQ Capital Market)
Recent
price
10.35
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Forum Merger IV Corporation (FMIV) operates as a blank check company, or special purpose acquisition company (SPAC), whose principal business activity involves effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, targeting North American- or Western European-based companies with enterprise values between approximately $500 million and $5 billion or more; it generates no significant current operations or revenue. Incorporated in 2021 and headquartered in Delray Beach, Florida, the company raised $336 million in gross proceeds from its initial public offering of 33.6 million units on March 18, 2021, underwritten by Jefferies, with 100% of IPO proceeds placed in trust; management is led by Co-Chief Executive Officers Marshall Kiev and David Boris. In June 2023, Forum Merger IV Corporation's board determined to redeem all outstanding shares of Class A common stock effective June 22, 2023, after failing to consummate an initial business combination within the required timeframe despite multiple deadline extensions including one in March 2023 and a non-binding letter of intent disclosed in February 2023, resulting in liquidation of the trust account, cancellation of public shares as of July 14, 2023, Nasdaq delisting via Form 25, and termination of SEC registration via Form 15, with the company now listed as liquidated and no ongoing operations, products or services.