FG Imperii Acquisition (FGII, FGIIU) said late Tuesday it closed an initial public offering of 20 million units at $10 apiece for proceeds of $200 million.
Each unit, listed on Nasdaq under the ticker "FGIIU," comprises a class A common share and one-half of a redeemable warrant. Each warrant entitles the holder to buy a class A share at $11.50 per share, the blank check company said.
The company granted the underwriter a 45-day overallotment option to buy up to an additional 3 million units, according to a statement.
The class A shares and the warrants will begin trading on Nasdaq under the ticker "FGII" and "FGIIW," respectively, when the securities comprising the units begin separate trading, according to the company.
Net proceeds will be used to complete the company's initial business combination, the company added.
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