ITASCA,
Ill., Jan. 28, 2025 /PRNewswire/ -- FG Merger II
Corp., a newly organized blank check company formed as a
Nevada corporation, today
announced the pricing of its initial public offering ("IPO") of
8,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one
share of common stock and one right. Each right entitles the holder
thereof to receive one-tenth (1/10) of a share of common stock upon
the consummation of an initial business combination. The units are
expected to trade on the Nasdaq Global Market ("NASDAQ") under the
ticker symbol "FGMCU" beginning January 29,
2025. FG Merger II Corp. expects the IPO to close on
January 30, 2025, subject to
customary closing conditions. Once the securities comprising the
units begin separate trading, the common stock and the rights are
expected to be traded on NASDAQ under the symbols "FGMC" and
"FGMCR," respectively. FG Merger II Corp. has granted the
underwriters a 45-day option to purchase up to 1,200,000 additional
units at the IPO price to cover over-allotments, if any.
ThinkEquity is acting as sole book-running manager for the
offering.
A registration statement relating to the securities sold in the
IPO was declared effective by the U.S. Securities and Exchange
Commission on January 28, 2025. The
offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from ThinkEquity, 17 State Street, 41st Floor,
New York, New York 10004, by
telephone at (877) 436-3673 and by email
at prospectus@think-equity.com, or by visiting EDGAR on the
SEC's website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About FG Merger II Corp.
FG Merger II Corp. is a blank check company, also commonly
referred to as a special purpose acquisition company, or SPAC,
formed for the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. While FG
Merger II Corp. will not limit its search for a target company to
any particular business segment, FG Merger II Corp. intends to
focus its search for a target business in the financial services
industry in North America.
Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the IPO and
search for an initial business combination. No assurance can be
given that the IPO will be completed on the terms described above,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of FG Merger II
Corp., including those set forth in the Risk Factors section of FG
Merger II Corp.'s registration statement and preliminary prospectus
for the IPO filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. FG Merger II Corp. undertakes no
obligation to update these statements for revisions or changes
after the date of this release, except as required by law.
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SOURCE FG Merger II Corp.
