FG Imperii Acquisition Corp. completes $200 million IPO

FG Imperii Acquisition Corp. (NASDAQ: FGIIU) completed its initial public offering of 20 million units priced at $10.00 per unit, raising $200 million, according to a company statement.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. Whole warrants allow holders to purchase one Class A ordinary share at $11.50 per share. The units trade on Nasdaq under ticker symbol "FGIIU."

Once securities begin separate trading, Class A ordinary shares will trade under "FGII" and warrants under "FGIIW." The company stated no fractional warrants will be issued upon unit separation.

The Cayman Islands-based special purpose acquisition company plans to use net proceeds from the offering and simultaneous private placements to complete its initial business combination. The company intends to focus its search for target businesses in the North American financial services industry.

ThinkEquity served as sole book-running manager for the offering, with EarlyBirdCapital acting as co-manager. The company granted underwriters a 45-day option to purchase up to 3 million additional units at the IPO price to cover over-allotments.

FG Imperii Acquisition Corp. is a blank check company formed to effect mergers, share exchanges, asset acquisitions or similar business combinations with one or more businesses.

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