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New York, NY, Feb. 07, 2020 (GLOBE NEWSWIRE) -- Forum Merger II Corporation (NASDAQ:FMCI) (the "Company") today announced that its stockholders approved an extension of the date by which it must consummate a business combination from February 7, 2020 to June 10, 2020, or such earlier date as determined by the Company's board of directors in its sole discretion. In connection with the extension, 4,589 out of 20,000,000 public shares were redeemed by stockholders. As a result of the extension, the Company will make a cash contribution into its trust account of $0.033 for each public share that was not redeemed by stockholders for each of the four consecutive monthly periods of the extension, assuming the Company takes the full time through the extended date to complete its initial business combination.
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About Forum Merger II Corporation
Forum Merger II Corporation is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the offering filed with the Securities and Exchange Commission ("SEC"). Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
David Boris
(212) 739-7860
david@forummerger.com
www.forummerger.com
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.