FORUM MERGER CORPORATION (NASDAQ:FMCIU) Files An 8-K Other Events
Item 8.01
Other Events |
On April 12, 2017, Forum Merger Corporation (the Company)
consummated its initial public offering (IPO) of 15,000,000 units
(Units), each Unit consisting of one share of Class A common
stock, $0.0001 par value per share (Common Stock), one right
entitling the holder thereof to receive one-tenth (1/10) of one
share of Common Stock upon the consummation of an initial
business combination, and one-half of one warrant (Warrant), each
whole Warrant exercisable to purchase one share of Common Stock,
to the registration statements on Form S-1 (File Nos. 333-216842
and 333-217187). The Units were sold at an offering price of
$10.00 per Unit, generating gross proceeds of $150,000,000. The
Company has granted the underwriters a 45-day option to purchase
up to 2,250,000 additional units to cover over-allotments, if
any.
As previously reported on a Current Report on Form 8-K of the
Company, on April 12, 2017, simultaneously with the consummation
of the IPO, the Company completed a private placement (the
Private Placement) of an aggregate of 555,000 placement units to
Forum Investors I, LLC, generating gross proceeds of $5,550,000.
A total of $151,500,000 of the net proceeds from the IPO and the
Private Placement were deposited in a trust account established
for the benefit of the Companys public stockholders.An audited
balance sheet as of April 12, 2017 reflecting receipt of the
proceeds upon consummation of the IPO and the Private Placement
has been issued by the Company and is included as Exhibit 99.1 to
this Current Report on Form 8-K.
On April 18, 2017, the underwriters exercised their
over-allotment option in full and purchased 2,250,000 additional
Units at $10.00 per Unit, generating gross proceeds of
$22,500,000. Simultaneously with the sale of the additional
Units, the Company consummated the sale of an additional 67,500
placement units at $10.00 per unit, generating gross proceeds of
$675,000. A total of $22,725,000 of the net proceeds were
deposited in the trust account, bringing the aggregate proceeds
held in the trust account to $174,225,000.
Item 9.01 | Financial Statements and Exhibits. |
(d) | Exhibits. |
ExhibitNumber | Description | |
99.1 | Audited Balance Sheet |
About FORUM MERGER CORPORATION (NASDAQ:FMCIU)
Forum Merger Corporation is a blank check company. The Company focuses on acquiring, through a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, recapitalization, exchangeable share transaction or other similar business transaction, one or more businesses or assets that it has not yet identified. The Company focuses its search on identifying a prospective target business in the United States. The Company focuses on target private companies and divisions of larger companies that are seeking liquidity and facilitate their access to the public equity markets. As of December 31, 2016, the Company had no operations. As of December 31, 2016, the Company had not generated any revenues. FORUM MERGER CORPORATION (NASDAQ:FMCIU) Recent Trading Information
FORUM MERGER CORPORATION (NASDAQ:FMCIU) closed its last trading session at with 34,500 shares trading hands.