FG Imperii Acquisition, a blank check company targeting the financial services sector, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at a price of $10.00. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50.
The SPAC is led by CEO Larry Swets Jr., the founder and Managing Member of advisory and investment firm Itasca Financial, and Chairman Scott Wollney, the CEO of Atlas Financial. The SPAC plans to focus on businesses in the financial services that have strong management teams, differentiated products or services, potential or historical growth, and an identified pathway to long-term profitability.
Management has been involved with several previous SPACs, most recently FG Merger II (FGMC; +1% from $10 offer price), which has a pending merger agreement with modular construction firm Boxabl.
The Itasca, IL-based company was founded in 2025 and plans to list on the Nasdaq but has not selected a ticker yet (RC ticker: FGIMU.RC). ThinkEquity and EarlyBirdCapital are the joint bookrunners on the deal.
