FG Merger II Corp. (NASDAQ:FGMCU) announced the pricing of its $80 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “FGMCU”, Wednesday, January 29, 2025.
The new SPAC intends to combine with a target company in the financial services industry in North America.
FG Merger II’s sponsor team is led by Chief Executive Officer Larry G. Swets Jr., Chairman Scott D. Wollney and Chief Financial Officer Hassan R. Baqar. Andrew B. McIntyre and Richard E. Govingnon will serve on its Board of Directors.
Total SPAC deal count for 2025 year-to-date is now 7. This offering is expected to close on Thursday, January 30, 2025.
ThinkEquity is acting as sole book-running manager for the offering. Loeb & Loeb LLP is serving as Issuer’s Counsel with Blank Rome LLP serving as Underwriter’s Counsel. Fruci & Associates II, PLLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Spring Valley III has filed for a $150 million SPAC with the most team-friendly terms of the Spring Valley series fresh off of recent successes by its first de-SPAC and a speedy deal announcement by its second vehicle. This third member of the series will have 1/3 warrants in its units and no overfunding of...
At the SPAC of Dawn An arms race is heating up among eVTOL de-SPACs as several near the commercial launch of their first air taxis. Earlier this week, Joby (NYSE:JOBY) made one big shot across the bow by agreeing to buy out the heli-taxi business of fellow de-SPAC Blade (NASDAQ:BLDE) for $125 million. Its de-SPAC...
Starry Sea Acquisition Corp. (NASDAQ:SSEAU) announced the pricing of its $50 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “SSEAU”, Friday, August 8, 2025. The new SPAC plans to mount a generalist search for a target company that has the potential to generate attractive returns. Starry Sea’s...
SilverBox IV (NYSE:SBXD) has entered into a definitive agreement to combine with digital asset manager Parataxis Capital at a pro forma equity value of $393.4 million. Parataxis is building the first crypto treasury listed in South Korea and plans to generate continued yields from the Bitcoin holdings it amasses. The combined company is expected to...
At the SPAC of Dawn The pace of SPAC deal announcements continues to heat up in August, which is typically a slow time of year in the capital markets. Consider that in all of Q1 2025, there were only 12 total deal announcements, and just 17 in Q2. We’re only halfway through Q3, but SPACs...