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SPAC FG Merger II Corp prices IPO at $10/unit

AuthorFrank DeMatteo
Published 28/01/2025, 23:42
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FG Merger II Corp., a newly organized blank check company formed as a Nevada corporation, today announced the pricing of its initial public offering ("IPO") of 8,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one share of common stock and one right. Each right entitles the holder thereof to receive one-tenth (1/10) of a share of common stock upon the consummation of an initial business combination. The units are expected to trade on the Nasdaq Global Market ("NASDAQ") under the ticker symbol "FGMCU" beginning January 29, 2025. FG Merger II Corp. expects the IPO to close on January 30, 2025, subject to customary closing conditions. Once the securities comprising the units begin separate trading, the common stock and the rights are expected to be traded on NASDAQ under the symbols "FGMC" and "FGMCR," respectively. FG Merger II Corp. has granted the underwriters a 45-day option to purchase up to 1,200,000 additional units at the IPO price to cover over-allotments, if any.

ThinkEquity is acting as sole book-running manager for the offering.

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