FG Merger II Corp. Files for $75 Million IPO

by Warren Seah

FG Merger II Corp., a special-purpose acquisition company, recently submitted a filing with the Securities and Exchange Commission (SEC) for an initial public offering (IPO) worth $75 million.

Targeting a Variety of Companies

The blank-check company has expressed its intention to explore a wide range of potential merger targets. These targets may include high-growth companies, as well as more established businesses with robust cash flows.

Offering Details

FG Merger II plans to offer 7.5 million units for $10 each. Each unit will consist of one common share and a half of a redeemable warrant, which allows for the future purchase of a common share at a price of $11.50.

Nasdaq Listing

The company aims to list on the Nasdaq Global Market, although the specific trading symbol has not yet been disclosed.

Timeline for Merger Completion

If the IPO is successful, FG Merger II will have two years from the IPO’s closing date to complete a merger.

Predecessor’s Merger Success

FG Merger II Corp.’s predecessor, FG Merger Corp., experienced a successful merger with iCoreConnect, a cloud-based software company. The combined company’s shares became publicly traded in late August.

ThinkEquity has been appointed as the underwriter for this offering.

You may also like

Leave a Comment