KBL Merger Corp. (NASDAQ: KBLM), a special purpose acquisition company (“SPAC”) that previously announced the acquisition of 180 Life Sciences, today announced that the U.S. Securities and Exchange Commission (the “SEC”) has declared effective the registration statement on Form S-4 (File No. 333-234650) it filed relating to the previously announced business combination with 180 Life Sciences (the “Business Combination”). According to the update, the company has commenced mailing the definitive proxy statement/prospectus relating to the Special Meeting (the “Special Meeting”) of the company’s stockholders to be held on October 26, 2020, in connection with the Business Combination. The proxy statement/prospectus is being mailed to KBLM’s stockholders of record as of the close of business on September 30, 2020. In addition, the company previously announced successful closing of a bridge financing, the proceeds of which will be used for working capital to complete the Business Combination and advance its clinical programs. At the conclusion of the financing, Dr. James Woody became CEO of 180 Life Sciences and, more recently, the company announced the appointment of four new independent members, effective upon the closing of the Business Combination, forming a world-class board of directors.
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About KBL Merger Corp. IV
KBL Merger Corp. is a blank check company that raised $115 million with the goal of identifying and acquiring a company with a strong value proposition mainly in the U.S. health care industry. KBL Merger Corp. focused on this industry due to its management’s deep experience in this large, growing segment of the U.S. economy. Marlene Krauss, MD is the CEO of KBL Merger Corp. This is Dr. Krauss’ fourth SPAC in the healthcare space. She has invested more than $1 billion through three institutional venture capital funds, numerous IPOs and three prior SPACS. For more information, visit www.KBLMerger.com.
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