Forum Merger IV extended its termination deadline to May 22, the first of seven potential one-month extensions available to the SPAC. $175,000 was deposited into FMIV's trust account for the first month.
Forum IV in February disclosed it signed a non-binding letter of intent with a potential merger parter. “The LOI target is a profitable and growing company in the online gaming industry, providing its customers with an expansive portfolio of digital gaming products and services,” the SPAC said at the time.
The status of the LOI was not mentioned in the SPAC's latest press release, announcing the extension into May. Read more.