Forum Merger IV said it has begun the process of redeeming shares and winding down.
The SPAC had five more one-month extensions available, but in the announcement Forum Merger IV said it would not complete a deal by its deadline.
Forum IV in February had disclosed signing a non-binding letter of intent with a potential merger partner.
“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 SPAC raised $300 million in a March 2021 IPO to search for companies with an aggregate enterprise value of approximately $500 million to $5 billion or more that are based in North America or Western Europe. Read more.
