Forum Merger IV Corporation (FMIVW) operates as a blank check company, or special purpose acquisition company (SPAC), whose sole purpose remains to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses; it focuses on targets with enterprise values of approximately $500 million to $5 billion primarily in North America or Western Europe. Incorporated in Delaware in 2021 and headquartered in Delray Beach, Florida, the company offers no current products or services beyond its Class A common stock and warrants (trading as FMIV and FMIVW, respectively), which provide investors exposure to a potential de-SPAC transaction. In a major development, Forum Merger IV commenced redemption of its public shares in July 2023 after failing to complete an initial business combination by the extended deadline of November 2023, resulting in liquidation of the common shares and distribution of trust proceeds to redeeming shareholders; warrants (FMIVW) persist in trading post-liquidation, with limited institutional interest from entities like StoneX Group Inc. holding minor positions as of late 2025. The SPAC, led by Co-CEOs Marshall Kiev and David Boris, raised $300 million in its March 2021 IPO underwritten by Jefferies LLC but pursued an LOI with an online gaming target that did not materialize, marking its wind-down without a completed merger or further extensions. FMIVW warrants, detachable from units since May 2021, continue to trade on Nasdaq amid this post-liquidation phase, reflecting ongoing but diminished market activity for the entity.