UPDATE: tZERO signs definitive merger with FG Imperii in $350 million deal
CIE News ·
Update to tZERO plans to go public via $350 million SPAC merger
Based on reporting by Investing.com; not yet independently confirmed.
tZERO entered a definitive merger agreement with FG Imperii Acquisition Corp. backed by $231 million in trust, formalizing plans to trade under the ticker TZRO.
tZERO Group, Inc. entered into a definitive business combination agreement with special purpose acquisition company FG Imperii Acquisition Corp., the firms announced on November 2, 2026. As previously reported, tZERO planned to go public through a $350 million transaction to trade on the NYSE American under the ticker TZRO.
The transaction sets tZERO's pre-money equity valuation at $350 million, which incorporates up to $25 million contingent on specific milestones. The merger is supported by approximately $231 million of cash held in trust by FG Imperii. An affiliate of the SPAC also contributed capital to an existing financing round for tZERO and executed a term sheet for a forward purchase agreement with FG Merchant Partners LP.
According to tZERO Chief Executive Officer Alan Konevsky, the proceeds will allow the firm to scale its regulated infrastructure across tokenized securities, crypto products, and derivatives. Existing tZERO shareholders are slated to roll 100% of their equity into the combined public entity.
Key facts
- $350M valuation
- Partner: FG Imperii (FGII)
- $231M held in trust
- Ticker: TZRO on NYSE American
Read the original at Investing.com