Forum Merger II Corporation Pricing Their $200 Million SPAC Tonight
by Kristi Marvin on 2018-08-02 at 4:57pm

Forum Merger II, filed their CERT just before the market close today, indicating they will be pricing their IPO tonight for trading Friday.

This is Jefferies’ first 2018 SPAC as sole bookrunning manager, and a $200 million deal is a nice way to start.  Additionally, EarlyBirdCapital is in the co-manager position.

The $200 million Forum Merger II has a broad search mandate, but they state they intend to focus on companies with an enterprise value between $500 million and $2 billion and are located in the U.S.

Summary of terms located below:

  • Sector Focus: EV between $500mm and $2bn, located in the U.S.
  • $10.00 unit comprised of one share Class A Common Stock, one redeemable Warrant
  • 100% held in trust ($10.00 per share)
  • 18 months to complete an acquisition 
  • Limitation on redemption rights of stockholders:  15%
  • Warrant call for redemption price: $18.00
  • Underwriter fees: 2.0% + 3.5% deferred fee.  Jefferies is sole bookrunner, EarlyBird Capital is co-manager.


Recent Posts
by Kristi Marvin on 2023-11-25 at 11:45am

Terms Tracker for the Week Ending November 24, 2023 Welcome to our weekly column where we discuss the findings from our IPO terms tracker based on the previous week’s pricings. This being the Thanksgiving holiday week, we are thankful for a lot of things, but mostly that 2023 is almost over. It’s been a rough...

by Nicholas Alan Clayton on 2023-11-24 at 7:35am

At the SPAC of Dawn Though perhaps stuffed to the brim, SPAC activity continues this Thanksgiving Friday with votes by Clean Earth and Zalatoris to extend a deadline and amend trust contributions, respectively. At least seven de-SPACs are also reporting earnings today and will do so going into a futures market that is mostly green...

by Marlena Haddad on 2023-11-22 at 9:45am

IB Acquisition Corp. submitted its S-1 filing Friday afternoon for a $100 million IPO, coming right on the heels of Bayview Acquisition Corp, which also filed its S-1 that day. IB is also similar to Bayview in that its units do not feature a warrant but include 1 right for 1/10. However, its trust is slightly...

by Nicholas Alan Clayton on 2023-11-22 at 8:53am

Integrated Wellness (NYSE:WEL) announced in an 8-K filing that it agreed to transfer control of its sponsor to Sriram Associates, which will now take on the SPAC’s financial obligations and may appoint a new team. Sriram is acquiring 2,012,500 promote shares (70%) and 4,795,000 private placement warrants (70%) for the nominal purchase price of $1....

by Nicholas Alan Clayton on 2023-11-22 at 7:45am

At the SPAC of Dawn So far, seven SPACs have announced their liquidations this week and although some others may choose to use the holiday to quietly disband, this tends to be a positive week for equities in general. Going back to 1961, the S&P 500 has ended the Thanksgiving week with gains three-quarters of...


Copyright © 2023 SPACInsider, Inc. All Rights Reserved