KBL MERGER CORP. IV (NASDAQ:KBLMU) Files An 8-K Other Events

Item8.01

Over-Allotment Closing

As previously reported on a Current Report on Form 8-K of KBL
Merger Corp. IV (the Company), on June 7, 2017,
the Company consummated its initial public offering
(IPO) of 10,000,000 units
(Units), each Unit consisting of one share of
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
(Right), and one warrant
(Warrant) to purchase one-half of one share of
Common Stock, to the registration statement on Form S-1 (File
No.333-217475). The Units were sold at an offering price of
$10.00 per Unit, generating gross proceeds of $100,000,000. The
underwriters of the IPO were granted an option to purchase up to
an additional 1,500,000 Units to cover over-allotments, if any
(Over-Allotment Units). On June 23, 2017, the
underwriters exercised the option in full and purchased 1,500,000
Over-Allotment Units, which were sold at an offering price of
$10.00 per Unit, generating gross proceeds of $15,000,000.

As previously reported on a Current Report on Form 8-K of the
Company, on June 7, 2017, simultaneously with the consummation of
the IPO, the Company completed a private placement (the Private
Placement) of an aggregate of 450,000 placement units (the
Placement Units) to KBL IV Sponsor LLC (the
Sponsor) and the underwriters of the IPO,
generating gross proceeds of $4,500,000.On June 23, 2017,
simultaneously with the sale of the Over-Allotment Units, the
Company consummated a private sale of an additional 52,500
Placement Units to the Sponsor and the underwriters of the IPO,
generating gross proceeds of $525,000.

A total of $120,025,000 of the net proceeds from the sale of
Units in the IPO (including the Over-Allotment Units) and the
private placements on June 7, 2017 and June 23, 2017 were placed
in a trust account established for the benefit of the Companys
public stockholders. An audited balance sheet as of June 7, 2017
reflecting receipt of the net proceeds from the IPO and the
Private Placement on June 7, 2017, but not the proceeds from the
sale of the Over-Allotment Units nor the private placement on
June 23, 2017, had been prepared by the Company and previously
filed on a Current Report onForm8-Kon June 13, 2017. The Companys
unaudited pro forma balance sheet as of June 23, 2017, reflecting
receipt of the proceeds from the sale of the Over-Allotment Units
and the private placement on the same day is included as
Exhibit99.1 to this Current Report onForm8-K.

Separate Trading of Units, ClassA Common Stock and
Warrants

On June 23, 2017, the Company announced that, commencing on June
27, 2017, the holders of Units issued in its IPO may elect to
separately trade shares of Common Stock, Rights and Warrants
included in the Units. The Units not separated will continue to
trade on The Nasdaq Capital Market under the symbol KBLMU. Shares
of Common Stock, the Rights and the Warrants are expected to
trade on The Nasdaq Capital Market under the symbols KBLM, KBLMR
and KBLMW, respectively. Holders of Units will need to have their
brokers contact Continental Stock Transfer Trust Company, the
Companys transfer agent, in order to separate the Units into
shares of Common Stock, Rights and Warrants.

A copy of the press release issued by the Company announcing the
consummation of the sale of the Over-Allotment Units and the
separate trading of the securities underlying the Units is
included as Exhibit 99.2 to this Current Report onForm8-K.

(d)Exhibits.

KBL MERGER CORP. IV Exhibit
EX-99.1 2 f8k062317ex99i_kblmerger.htm PRO FORMA BALANCE SHEET Exhibit 99.1    KBL MERGER CORP. IV BALANCE SHEET      June 7,…
To view the full exhibit click here
About KBL MERGER CORP. IV (NASDAQ:KBLMU)

KBL Merger Corp. IV is a blank check company. The Company is formed for the purpose of effecting merger, capital stock exchange, stock purchase, asset acquisition or other similar business combination with one or more operating businesses. The Company intends to focus on acquiring an operating company in the healthcare and related wellness industry. As of April 26, 2017, the Company had no operation and had not generated any revenue.

KBL MERGER CORP. IV (NASDAQ:KBLMU) Recent Trading Information

KBL MERGER CORP. IV (NASDAQ:KBLMU) closed its last trading session at with 31,220 shares trading hands.