Forum Merger IV Corporation
FMIVU
NASDAQ Capital Market10.26
USD
+0.00
- -
CIK
0001842916
ISIN
US3498752035
CUSIP
349875203
Return %
Stock
S&P500
1Y
4.69
18.21
3Y
3.01
64.38
5Y
3.01
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David Boris
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 1615 South Congress Avenue Delray Beach FL United States of America 33445
- IPO Date
- Mar 18, 2021
- CIK
- 0001842916
- Website
- forummerger.com
- Similar Companies
- Business
- Forum Merger IV Corporation (FMIVU) operates as a blank check company, or special purpose acquisition company (SPAC), formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on targets having an aggregate enterprise value of approximately $500 million to $5 billion or more that are based in North America or Western Europe; it offers no current products or services beyond its SPAC structure, including Class A common stock, redeemable warrants and units traded on Nasdaq under FMIVU, FMIV and FMIVW; the company targets various sectors exhibiting positive secular growth or near-term cyclical upticks but conducts no revenue-generating operations. Incorporated in Delaware on January 15, 2021, and headquartered at 1615 South Congress Avenue, Suite 103, Delray Beach, Florida, the company completed its initial public offering of 33.6 million units at $10.00 each in March 2021, raising approximately $336 million in proceeds held in trust. In June 2023, the board determined to redeem all outstanding public shares and liquidate the company after failing to consummate an initial business combination by the required deadline under its amended charter, despite prior extensions to November 2023 and a non-binding letter of intent with a profitable online gaming target; Nasdaq delisted its securities thereafter, with public shares cancelled effective July 14, 2023, and distributions completed shortly following, marking the cessation of operations with no merger completed. The company is led by Co-Chief Executive Officers Marshall Kiev and David Boris, with initial stockholders having waived redemption rights on Class B founder shares; no subsidiaries, parent entities or ongoing activities exist post-liquidation.
Forum Merger IV Corporation Announces Per-Share Redemption Price of Shares