This afternoon, Forum Merger II Corp. (FMCI), announced the results of their shareholder vote to extend their deadline to September 30, 2020, and no one’s surprise, Forum II did not have any shares redeem. That’s a really, really excellent extension vote. But when the share price is trading in the $14.00 range, redeeming at the estimated cash in trust value doesn’t make a lot of sense. As for the actual vote, there were zero votes against extending as well.
Now we have to wait and see which “plant-based” food company Forum II is currently negotiating with. Anticipation is high, but now that they’re past the vote, hopefully we get some definitive news shortly.
You can find the filed 8-K results HERE.