Announcement • Jul 13
Nasdaq To File A Form 25 with the United States Securities and Exchange Commission to Delist Forum Merger IV Corporation's Securities As previously announced, on June 22, 2023, the board of directors (Board) of Forum Merger IV Corporation (Company) determined to redeem all of the Company’s outstanding shares of Class A common stock (the “Public Shares”), effective as of June 22, 2023, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. The Company announced that as of the close of business on June 22, 2023, the Public Shares were deemed cancelled and represented only the rights to receive the per-share redemption price of approximately $10.37 (after taking into account the removal of a portion of the accrued interest in the trust account to pay taxes and $100,000 for dissolution expenses). The Company expects that Nasdaq will file a Form 25 with the United States Securities and Exchange Commission (the “SEC”) to delist its securities. The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. Announcement • Jun 23
Forum Merger IV Corporation Expects Nasdaq Will File A Form 25 with the United States Securities and Exchange Commission to Delist Its Securities Forum Merger IV Corporation (the “Company”) announced that its board of directors (the “Board”) has determined to redeem all of its outstanding shares of Class A common stock (the “Public Shares”), effective as of June 22, 2023, because the Company will not consummate an initial business combination within the time period required by its amended and restated certificate of incorporation. In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders may redeem their shares for their pro rata portion of the proceeds of the trust account upon presentation of their respective shares or unit certificates or other delivery of their shares or units to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed within ten business days after July 7, 2023. There will be no redemption rights or liquidating distributions with respect to the Company’s warrants. The Company’s initial shareholders have waived their redemption rights with respect to the outstanding shares of Class B common stock issued prior to the Company’s initial public offering. The Company expects that Nasdaq will file a Form 25 with the United States Securities and Exchange Commission (the “SEC”) to delist its securities. The Company thereafter expects to file a Form 15 with the SEC to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended. Announcement • May 19
Forum Merger IV Corporation announced delayed 10-Q filing On 05/18/2021, Forum Merger IV Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.