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FG Merger II Corp, a newly formed blank check company, has announced the pricing of its Initial Public Offering (IPO) of 8,000,000 units at $10.00 per unit, totaling $80 million. Each unit comprises one common stock share and one right, with the right convertible to one-tenth of a common share upon completing an initial business combination.
The units will trade on Nasdaq Global Market under 'FGMCU' starting January 29, 2025. The common stock and rights will later trade separately under 'FGMC' and 'FGMCR' respectively. The IPO is expected to close on January 30, 2025. The company granted underwriters a 45-day option to purchase up to 1,200,000 additional units to cover over-allotments. ThinkEquity serves as the sole book-running manager for the offering.
