tZERO to Go Public via $350M SPAC Deal, Plans NYSE American Listing in Early 2027

Odaily — Tokenized securities platform tZERO has announced plans to go public through a merger with special purpose acquisition company FG Imperii Acquisition Corp. (FGII), in a deal that values tZERO at $350 million. The transaction is expected to provide the combined company with up to $231 million in SPAC trust account funds, subject to shareholder redemptions and related fees.

The combined company plans to list on the NYSE American in early 2027 under the ticker symbol TZRO. The deal is expected to close in early 2027, subject to shareholder and regulatory approvals, and tZERO's current CEO Alan Konevsky is expected to remain in his role. (CoinDesk)