Tokenization Firm tZERO Plans to Go Public in $350 Million SPAC Deal

tZERO Signs $350 Million SPAC Deal With FG Imperii, Ties $12.5 Million to Derivatives Goals

tZERO, which builds regulated infrastructure for tokenized securities, signed a definitive agreement to go public by merging with FG Imperii Acquisition Corp. (Nasdaq: FGII), a special purpose acquisition company. The deal gives tZERO a pre-money equity valuation of $350 million, the two companies announced on Monday. The merger agreement is dated Oct. 31, according to a Form 8-K FG Imperii filed with the SEC on Nov. 2. It sets the stock conside…

Tokenization firm tZERO plans to go public in $350 million SPAC deal

The digital securities firm plans to list on NYSE American under TZRO early next year after more than a decade building blockchain-based trading infrastructure.

TZERO To Go Public In $350M SPAC Merger

The tokenization infrastructure firm that helped build NYSE's blockchain securities push is taking itself public through a $350M blank-check merger.

tZERO to Go Public in $350M SPAC Merger With FG Imperii, Listing as TZRO on NYSE American

Tokenization infrastructure firm tZERO Group, Inc. and blank-check company FG Imperii Acquisition Corp. (Nasdaq: FGII) said on Nov. 2 that they have signed a definitive business combination agreement, a deal that would take one of the longest-running names in digital securities to the public markets. The proposed merger values tZERO at a $350 million pre-money equity valuation and would list the combined company on NYSE American under the ticker…

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

tZERO's SPAC merger could enhance transparency in tokenized securities, offering investors insights into this evolving financial infrastructure.