tZERO agrees to $350M SPAC merger with NYSE American listing planned

tZERO has agreed to go public through a merger with FG Imperii Acquisition Corp. at a $350 million pre-money equity valuation, with an NYSE American listing under TZRO expected after closing in early 2027. tZERO’s proposed $350 million valuation includes up to $25 million tied to specified milestones. FG Imperii’s trust could provide $231 million before shareholder redemptions and transaction expenses. Existing tZERO shareholders are expected to roll all their equity into the combined company. The listing plan follows tZERO’s October clearinghouse approval, while its derivatives exchange application remains pending. According to tZERO’s Nov.

Also reported by Blockchain Reporter.

Source: crypto.news