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Technology Stocks : Blank Check IPOs (SPACS)

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To: Glenn Petersen who wrote (2743)9/2/2020 4:57:22 PM
From: Glenn Petersen   of 3862
 
FMCI closed at $22.91 today, up $4.55.

There have been two recent developments.

Yesterday, FMCI filed a proxy statement for a special shareholders meeting ..."to extend the date by which the Company has to consummate a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”) from September 30, 2020 to October 30, 2020."

sec.gov

I suspect that FMCI will set the date for the shareholder meeting to approve the business combination as soon as the extension is approved.

About a week ago, they hired a first class CFO.

sec.gov
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