tZERO Signs $350 Million SPAC Deal With FG Imperii, Ties $12.5 Million to Derivatives Goals
Photo: Unchained
tZERO , which builds regulated infrastructure for tokenized securities, signed a definitive agreement to go public by merging with FG Imperii Acquisition Corp. (Nasdaq: FGII), a special purpose acquisition company. The deal gives tZERO a pre-money equity valuation of $350 million , the two companies announced on Monday. The merger agreement is dated Oct. 31, according to a Form 8-K FG Imperii filed with the SEC on Nov. 2. It sets the stock consideration at $325 million, paid in FG Imperii Class A shares valued at $10.00 apiece.
Source: Unchained
