FG Merger II Corp. Announces the Separate Trading of its Common Stock and Rights Commencing February 11, 2025
Rhea-AI Summary
FG Merger II Corp. (NASDAQ: FGMC) has announced that starting February 11, 2025, holders of units from the company's initial public offering completed on January 30, 2025 will have the option to separately trade shares of common stock and rights on The Nasdaq Global Market.
The separated Common Stock and rights will trade under the symbols 'FGMC' and 'FGMCR' respectively, while unseparated units will continue trading under 'FGMCU'. Unit holders must contact Continental Stock Transfer & Trust Company through their brokers to separate their units.
The initial units were offered through an underwritten offering, with ThinkEquity serving as the sole book-running manager.
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The Common Stock and rights that are separated will trade on Nasdaq under the symbols "FGMC" and "FGMCR," respectively. Those units not separated will continue to trade on Nasdaq under the symbol "FGMCU." Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company's transfer agent, in order to separate the units into shares of Common Stock and rights.
The units were initially offered by the Company in an underwritten offering. ThinkEquity LLC acted as sole book-running manager of the offering.
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 II Corp.
FG Merger II 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 II Corp. will not limit its search for a target company to any particular business segment, FG Merger II 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 separation of the units. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the Company's offering filed with the SEC. Copies are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact:
Hassan R. Baqar
Chief Financial Officer
FG Merger II Corp.
(847) 791-6817
info@fgmerger.com
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SOURCE FG Merger II Corp.
FAQ
When will FGMC common stock begin trading separately from its rights?
What are the trading symbols for FGMC's separated securities?
When did FGMC complete its initial public offering?
How can FGMC unit holders separate their units into common stock and rights?
Who was the book-running manager for FGMC's initial public offering?
