Forum Merger Corporation, a blank check company formed by executives with energy and banking backgrounds, filed on Tuesday with the SEC to raise up to $125 million in an initial public offering.
The New York, NY-based company plans to raise $125 million by offering 12.5 million units at a price of $10. At the proposed price, Forum Merger Corporation would command a market value of $162 million.
Forum Merger Corporation was founded in 2016 and plans to list on the Nasdaq under the symbol FMCIU. EarlyBird Capital is the sole bookrunner on the deal.
