Forum Merger II Corp. (FMCI), filed an 8-K this afternoon releasing the details of today’s shareholder vote to extend their deadline from February 7, 2020 to June 10, 2020, and once again, we had another extremely good vote.
As you can see below, FMCI had zero “No” votes and more importantly, only 4,589 out of 20,000,000 public shares were redeemed. No word on at what price those 4,589 shares were redeemed, but presumably we’ll get that in a later filing. However, 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 at today’s vote.
FMCI now has four more months to announce and close a deal….they’re on “combination watch” now, so let’s see what happens.