Forum Merger Corp. II Teases a Combo Ahead of Extension Vote
by Kristi Marvin on 2020-05-13 at 6:33pm

We have yet another “teaser” ahead of an extension vote, folks.  Forum Merger II Corp. (FMCI), announced tonight, as part of dropping their extension proxy, that they have signed a letter of intent with “a high-growth, plant-based food company with a broad portfolio of innovative products that are aligned with major food trends and sold through leading retailers and distributors across the United States.”  It ain’t Beyond Meat (BYND), that’s already public, but….how about Impossible Foods? Which makes the Impossible Burger. We don’t know, but this teaser certainly sounds interesting.

The problem with teasers is, if it’s not something like Impossible Foods, investors will be disappointed. You can’t tease and not deliver.  But…if it is something like Impossible Foods?  Wow….

We don’t have anything else to go on just yet, but Forum Merger II Corp. intends to hold their extension vote on June 8, 2020.  Most likely, once Forum is past the vote (and the trust holds) we could get a definitive announcement shortly thereafter. Perhaps earlier, but if you’re a target company, you’d probably rather wait and see how much cash is left, post-vote, before you sign anything.

Stay tuned…

 

Recent Posts
by Nicholas Alan Clayton on 2024-11-13 at 8:26am

At the SPAC of Dawn As the SPAC market has come streaming back to life in a burst of new issuance beginning this summer, some long abandoned vehicles are rising anew as well. The latest of these is FPA Energy (NASDAQ:FPAQU), whose 2023 filing was later withdrawn, but it is now back with a fresh...

by Nicholas Alan Clayton on 2024-11-12 at 10:35am

Flagfish Acquisition Corporation (NASDAQ:FFSHU) has filed for a $60 million IPO to give another bite at the apple to a China-based team that last closed a deal in the biotech space. Flagfish Chairman and CEO Matthew Chen also serves in the same role for Flag Ship (NASDAQ:FSHP), which just last month announced a deal with...

by Nicholas Alan Clayton on 2024-11-12 at 8:06am

At the SPAC of Dawn SPACs have been betting on a post-pandemic rebirth in live events over the past few years, but it appears that this boom has fully come to fruition. Event organizer Live Nation (NYSE:LYV) announced yesterday that it just closed its busiest summer concert season ever, bringing in $7.7 billion in revenue...

by Nicholas Alan Clayton on 2024-11-11 at 2:27pm

Hennessy Capital VII (NASDAQ:HVIIU) has filed for a $150 million IPO with competitive terms to give a fresh vehicle to one of the most prolific SPAC teams of the past decade. This team has had a hand in 13 different business combinations dating back to Hennessy I‘s 2015 combination with school bus manufacturer Blue Bird...

by Nicholas Alan Clayton on 2024-11-11 at 8:27am

At the SPAC of Dawn With the US election and a historic stock rally in the rear view, the question now turns to how long this rally will last and SPACs have not been shy so far about trying to take advantage of the good vibes. Two new SPACs filed for IPOs Friday evening and...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved