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LMR Investment Managers report 6.6% stake in FGII (NASDAQ: FGII)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13G

Rhea-AI Filing Summary

FG Imperii Acquisition Corp ownership disclosure: LMR Investment Managers and principals report beneficial ownership of 1,523,071 Class A Ordinary Shares, representing 6.6% of outstanding Class A Ordinary Shares as of March 31, 2026.

The position arises from purchases of Units in the issuer's IPO (each Unit = one Class A Ordinary Share plus one-half redeemable warrant). The holders also own a total of 761,535 redeemable warrants exercisable at $11.50 under the exercise timing specified in the filing.

Positive

  • None.

Negative

  • None.

Insights

13G filing documents passive beneficial ownership and shared dispositive power.

The filing states the Reporting Persons collectively hold 1,523,071 Class A Ordinary Shares (approximately 6.6%) as of March 31, 2026, held through two master funds and acquired via IPO Units. The statement identifies shared voting and dispositive power, not sole control.

Legal implications: this is a passive Schedule 13G disclosure rather than an activist Schedule 13D; subsequent filings would be required upon changes in ownership status or intent.

Position size and warrant exposure are quantified; warrants carry an $11.50 exercise price.

The filing quantifies both underlying shares and associated redeemable warrants (aggregate 761,535 warrants) that could convert into additional shares subject to exercise conditions tied to the issuer's business combination timeline. These instruments represent potential future equity interest if exercised.

Investor note: the filing ties percentages to 23,025,000 shares outstanding as of March 31, 2026; any change in outstanding shares or warrant exercise could alter ownership percentages.

Class A Ordinary Shares held 1,523,071 shares Aggregate holding as of March 31, 2026
Percent of class 6.6% Based on 23,025,000 shares outstanding as of March 31, 2026
Units acquired (per fund) 761,535; 761,536 Units Units acquired in issuer's IPO (each Unit = 1 share + 1/2 warrant)
Redeemable warrants (aggregate) 761,535 warrants Warrants exercisable at $11.50 under stated timing conditions
Outstanding used for calc. 23,025,000 shares Shares outstanding as of March 31, 2026 per filing
Units financial
"each Unit consisting of one Class A Ordinary Share and one-half (1/2) of one redeemable warrant"
Units are bundled securities sold as one package in a financing—commonly a share paired with an instrument that gives the holder the right to buy more shares later. For investors this matters because a unit’s extra component can change future supply of shares and potential returns, similar to buying a combo with a coupon that can be redeemed later and alter what you actually receive and what others might own.
redeemable warrants financial
"redeemable warrants to purchase 761,535 Class A Ordinary Shares in the aggregate"
A redeemable warrant is a tradable right that lets its holder buy a company’s shares at a fixed price before a set date, but the issuer has the contract power to cancel (redeem) the warrant early under agreed terms. For investors this matters because early redemption can force decision-making, change the timing of when new shares might be created, and affect potential gains or dilution—much like a store coupon that the issuer can cancel by paying you off instead of letting you use it.
beneficially owned regulatory
"The Class A Ordinary Shares beneficially owned by the Reporting Persons are directly held by LMR Multi-Strategy Master Fund Limited"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
shared dispositive power regulatory
"Shared Dispositive Power 1,523,071.00"





G3R41C128

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



LMR Partners LLP
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:05/15/2026
LMR PARTNERS Ltd
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:05/15/2026
LMR Partners LLC
Signature:Allyson Hanlon
Name/Title:Deputy General Counsel
Date:05/15/2026
LMR Partners AG
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:05/15/2026
LMR PARTNERS (DIFC) Ltd
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:05/15/2026
LMR Partners (Ireland) Limited
Signature:Shane Cullinane
Name/Title:Chief Operating Officer
Date:05/15/2026
Ben Levine
Signature:Ben Levine
Name/Title:Self
Date:05/15/2026
Stefan Renold
Signature:Stefan Renold
Name/Title:Self
Date:05/15/2026

FAQ

What stake does LMR report in FG Imperii (FGII)?

LMR reports beneficial ownership of 1,523,071 Class A Ordinary Shares, representing 6.6% of outstanding Class A Ordinary Shares as of March 31, 2026. These shares were acquired through Units purchased in the issuer's initial public offering.

How many warrants does LMR hold and what is the exercise price?

LMR holds an aggregate of 761,535 redeemable warrants acquired with Units. Each warrant has an exercise price of $11.50 and is exercisable subject to the timing conditions stated in the filing related to the issuer's business combination.

Do the Reporting Persons have sole voting control over FGII shares?

No. The filing states each Reporting Person has 0 sole voting power and 1,523,071 shared voting power as of March 31, 2026, indicating shared control of voting and disposition of the reported shares.

What outstanding share count did the filing use to calculate percentage ownership?

The reported 6.6% ownership figure is based on 23,025,000 Class A Ordinary Shares outstanding as of March 31, 2026, a figure cited in the filing and linked to the issuer's Form 10-K for that date.