tZERO plans $350 million SPAC merger to list on NYSE American

The tokenized securities veteran is pairing with FG Imperii Acquisition Corp. and expects to trade under the ticker TZRO in early 2027 tZERO, one of the oldest names in tokenized securities, wants to become a publicly traded company. It is taking the SPAC route to get there. The company announced a proposed business combination with FG Imperii Acquisition Corp. (Nasdaq: FGII) on Monday, November 2, 2026. The deal values tZERO at $350 million. If it closes on schedule, tZERO expects to list on the NYSE American under the ticker TZRO in early 2027. The deal and the people behind it A SPAC, or special purpose acquisition company, works a bit like a shell with a checkbook. It lists on an exchange first, then goes shopping for a private company to merge with. When the deal closes, the private company effectively inherits the public listing. In this case, the shell is FG Imperii Acquisition Corp., which currently trades on Nasdaq under FGII. The combined company plans to move its listing to the NYSE American once the transaction completes. tZERO CEO Alan Konevsky framed the move around a bigger idea. He stressed the importance of building independent infrastructure to support a financial...