FG Merger Corp. Prices $70,000,000 Initial Public Offering
25 Febrero 2022 - 8:10AM
Business Wire
FG Merger Corp., a newly organized blank check company formed as
a Delaware corporation, today announced the pricing of its initial
public offering (“IPO”) of 7,000,000 units at an offering price of
$10.00 per unit, with each unit consisting of one share of common
stock and three-quarters of one redeemable warrant. Each whole
warrant will entitle the holder thereof to purchase one share of
common stock at $11.50 per share. The units are expected to trade
on the Nasdaq Global Market (“NASDAQ”) under the ticker symbol
“FGMCU” beginning February 25, 2022. FG Merger Corp. expects the
IPO to close on March 1, 2022, subject to customary closing
conditions. Once the securities comprising the units begin separate
trading, the common stock and the warrants are expected to be
traded on NASDAQ under the symbols “FGMC” and “FGMCW,”
respectively.
ThinkEquity is the sole book-running manager for the IPO. FG
Merger Corp. has granted the underwriters a 45-day option to
purchase up to 1,050,000 additional units at the IPO price to cover
over-allotments, if any.
A registration statement relating to the securities sold in the
IPO was declared effective by the U.S. Securities and Exchange
Commission on February 25, 2022. The offering is being made only by
means of a prospectus. When available, copies of the prospectus
related to this offering may be obtained from ThinkEquity, 17 State
Street, 22nd Floor, New York, New York 10004, by telephone at (877)
436-3673 and by email at prospectus@think-equity.com, or by
visiting EDGAR on the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About FG Merger Corp.
FG Merger Corp. is a blank check company, also commonly referred
to as a special purpose acquisition company, or SPAC, formed for
the purpose of effecting a merger, share exchange, asset
acquisition, share purchase, reorganization or similar business
combination with one or more businesses or entities. While FG
Merger Corp. will not limit its search for a target company to any
particular business segment, FG Merger Corp. intends to focus its
search for a target business in the financial services industry in
North America.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the IPO and
search for an initial business combination. No assurance can be
given that the IPO will be completed on the terms described above,
or at all, or that the net proceeds of the offering will be used as
indicated. Forward-looking statements are subject to numerous
conditions, many of which are beyond the control of FG Merger
Corp., including those set forth in the Risk Factors section of FG
Merger Corp.’s registration statement and preliminary prospectus
for the IPO filed with the SEC. Copies are available on the SEC's
website, www.sec.gov. FG Merger Corp. undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20220225005106/en/
M. Wesley Schrader Chief Executive Officer FG Merger Corp.
720-770-0620 info@fgmerger.com
FG Merger (NASDAQ:FGMCU)
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