Forum Merger III Corp. (FIIIU) Prices $250M SPAC IPO


Forum Merger III Corp. (FIIIU) Prices $250M SPAC IPO

Aug 18, 2020 INTEL by Kristi Marvin

Forum Merger III Corp. (FIIIU), announced the pricing of their $250 million IPO this evening and the units are expected to begin trading tomorrow, Wednesday, August 19th, under the symbol Nasdaq: FIIIU.

Forum Merger III Corp. will be led by Marshall Kiev, as Co-Chief Executive Officer, President and Director, and David Boris, as Co-Chief Executive Officer, Chief Financial Officer and Director.

Total SPAC deal count for 2020 year-to-date is now 74 with $28.9 billion in gross proceeds raised. The offering is anticipated to close on Friday, August 21, 2020.

Jefferies LLC is acting as the sole book running manager for the offering. White & Case LLP and Skadden, Arps, Slate, Meagher & Flom LLP, were Issuer’s Counsel and Underwriter’s Counsel, respectively. WithumSmith+Brown, PC, acted as auditor. Continental Stock Transfer & Trust Company is acting as trustee.