tZERO agrees to $350M SPAC merger with NYSE American listing planned

tZERO has agreed to go public through a merger with FG Imperii Acquisition Corp. at a $350 million pre-money equity valuation, with an NYSE American listing under TZRO expected after closing in early 2027. Summary tZERO’s proposed $350 million valuation includes up to $25 million tied to specified milestones. FG Imperii’s trust could provide $231 million before shareholder redemptions and transaction expenses. Existing tZERO shareholders are expected to roll all their equity into the combined company. The listing plan follows tZERO’s October clearinghouse approval, while its derivatives exchange application remains pending. According to tZERO’s Nov. 2 announcement, both boards have unanimously approved the proposed combination, and shareholders representing approximately 62% of tZERO’s fully diluted capital have signed support agreements. Completion still requires shareholder approvals, regulatory consents, an effective Form S-4 registration statement, and approval to list the combined company’s common stock on NYSE American. tZERO’s $231 million cash figure depends on redemptions The companies described the trust balance as potential proceeds, with the amount available at closing ...