Forum Merger II, a black check company formed by SPAC veterans David Boris and Marshall Kiev, announced terms for its IPO on Friday.
The New York, NY-based company plans to raise $200 million by offering 20 million units at a price of $10. Each unit will consist of one share of common stock and one warrant to purchase one share of common stock at $11.50 per share. At $10, Forum Merger II would command a market value of $257 million.
Forum Merger II was founded in 2018 and plans to list on the Nasdaq under the symbol FMCIU. Jefferies is the sole bookrunner on the deal. No pricing details were disclosed.
