Law360, New York (March 21, 2017, 5:35 PM EDT) -- Forum Merger Corp., a blank check company formed by executives with private equity experience, on Tuesday launched a $125 million initial public offering to fund an acquisition under guidance from Ellenoff Grossman & Schole LLP.New York-based Forum Merger plans to raise $125 million by offering 12.5 million units at a price of $10. It plans to use funds to buy a middle-market company over the next 24 months, listing various industries that reflect the experience of its management including media, retail, telecommunications, technology, consumer products, education, energy, real estate and banking.“We intend to focus on companies that have an...
New York-based Forum Merger has set in motion a $125m initial public offering by selling 12.5 million units at $10 each in order to fund an acquisition, with assistance from Ellenoff Grossman & Schole. The company is looking for buyers of its existing shares and will be seeking new investors as well as potential acquirers.