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FMIVU - FMIVU STOCK NEWS

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Forum Merger Corporation is a Special Purpose Acquisition Company (SPAC) focused on merging with a private company to create long-term value. With $172 million raised in capital, Forum has the ability to raise more through equity and debt securities for merger considerations and growth.

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Forum Merger IV Corporation (Nasdaq: FMIV) announced the redemption of all outstanding shares of Class A common stock. The per-share redemption price is approximately $10.37.
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Forum Merger IV Corporation (Nasdaq: FMIV) has announced an extension of its business combination Deadline Date from April 22, 2023, to May 22, 2023. This extension is part of an agreement allowing for up to seven monthly extensions until November 22, 2023. The board’s decision aims to provide additional time to finalize an initial business combination. To support this extension, FMIV deposited $175,000 into its trust account. As a blank check company established for mergers and acquisitions across various industries, FMIV remains focused on identifying potential business combinations while navigating the uncertainties typical of early-stage companies.

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Forum Merger IV Corporation (Nasdaq: FMIV) announced that stockholders have approved an extension for finalizing a business combination until April 22, 2023. This allows the Company to extend the deadline monthly up to seven times without needing further stockholder approval. Notably, 81.07% of the Company’s public shares were redeemed by stockholders in conjunction with this extension. Founded on January 15, 2021, the Company is a blank check entity aimed at merging or acquiring businesses across various sectors.

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Forum Merger IV Corporation (Nasdaq: FMIV) has extended the deadline to complete a business combination from March 22, 2023, to November 22, 2023. The extension is part of a definitive proxy statement for a special stockholder meeting on March 7, 2023, where stockholders will vote on this proposal among others. FMIV plans to deposit the lesser of $175,000 or $0.05 per public share into its trust account monthly. The company has engaged in a letter of intent with a profitable target in the online gaming industry, expecting over $300 million in adjusted revenue for 2022, alongside strong EBITDA margins and cash flow for 2023. However, there are no guarantees for completing the business deal by the new deadline.

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Forum Merger IV Corporation (Nasdaq: FMIVU) announced that starting May 13, 2021, holders of its IPO units can separate their shares of Class A common stock and warrants for independent trading. The shares will trade under the symbols “FMIV” for Class A common stock and “FMIVW” for warrants. The original units will continue to trade under the symbol “FMIVU.” No fractional warrants will be issued upon the separation. The IPO was managed by Jefferies LLC, and any separation requires brokers to contact Continental Stock Transfer & Trust Company.

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Forum Merger IV Corporation has priced its initial public offering of 30,000,000 units at $10.00 each, set to trade on Nasdaq under the symbol ‘FMIVU’ from March 18, 2021. Each unit includes one share of Class A common stock and one-fourth of a redeemable warrant, with the whole warrant exercisable at $11.50 per share. The offering is expected to close on March 22, 2021. The Company aims to enter into business combinations with firms valued between $500 million and $5 billion, primarily in North America or Western Europe.

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FAQ

What is Forum Merger IV Corporation?

Forum Merger IV Corporation is a Special Purpose Acquisition Company (SPAC) that aims to merge with a private company to create long-term value.

How much capital has Forum Merger IV Corporation raised?

Forum Merger IV Corporation has raised $172 million in capital.

What is the purpose of the capital raised by Forum Merger IV Corporation?

The capital raised by Forum Merger IV Corporation will be used for merger considerations and as growth capital.

How does Forum Merger IV Corporation plan to raise additional capital?

Forum Merger IV Corporation has the ability to raise additional capital through the issuance of equity and debt securities.

What is the main focus of Forum Merger IV Corporation?

The main focus of Forum Merger IV Corporation is to merge with a private company and provide strategic support to create substantial value over time.

What is the investment strategy of Forum Merger IV Corporation?

Forum Merger IV Corporation's investment strategy is to merge with a private company that will benefit from their investment and strategic support.

How does Forum Merger IV Corporation create value for its stakeholders?

Forum Merger IV Corporation creates value for its stakeholders by merging with a private company and utilizing the raised capital for growth and merger considerations.

What makes Forum Merger IV Corporation unique in the market?

Forum Merger IV Corporation stands out in the market as a SPAC dedicated to creating long-term value through mergers with private companies.

What are the growth prospects for Forum Merger IV Corporation?

Forum Merger IV Corporation has strong growth prospects due to its ability to raise additional capital and its focus on merging with companies to create value.

How can investors benefit from investing in Forum Merger IV Corporation?

Investors can benefit from investing in Forum Merger IV Corporation by participating in potential mergers that create substantial value over time.

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