Forum Merger IV Corporation (NasdaqCM:FMIV.U) announced a private placement of 930,000 units at a price of $10.00 per unit for gross proceeds of $9,300,000 on February 17, 2021. The transaction will include participation from Jefferies LLC for 150,000 units for proceeds of $1,500,000 or 172,500 private placement units if the over-allotment option is exercised in full and returning investor Forum Investors IV LLC for 780,000 units for proceeds of $7,800,000 or 847,500 private placement units if the over-allotment option is exercised in full. Each unit consists of one share of our class A common stock and one-fourth of one redeemable warrant. Each whole warrant entitles the holder to purchase one share of our class A common stock at a price of $11.50 per share. The warrants will become exercisable 30 days after the completion of the company's initial business combination, and will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation. The closing of the transaction will occur simultaneously with the closing of the IPO of the company which is expected to close on March 22, 2021.