FG Imperii agrees to combine with tZERO to take tokenization firm public
FGII•FG Imperii Acquisition agreed to combine with tZERO at a pre-money equity valuation of $350 million, including up to $25 million contingent on milestones. The combined company could receive approximately $231 million from the trust account, subject to redemptions, and is expected to close in early 2027.
1. Deal terms
tZERO will go public through a business combination with FG Imperii Acquisition at a pre-money equity valuation of $350 million, including up to $25 million contingent on specified milestones. Existing tZERO shareholders are expected to roll over 100% of their equity, and the combined company could receive approximately $231 million from the trust account, subject to shareholder redemptions and before transaction expenses.
2. Expected timeline
A proposed forward purchase arrangement with FG Merchant Partners covers up to 2,500,000 shares, subject to definitive documentation. Closing is expected in early 2027, and the combined company's common stock is expected to trade on NYSE American under “TZRO.”
