tZERO Agrees to $350 Million SPAC Merger to Expand Tokenized Markets
The digital-asset infrastructure company plans to go public through a combination with FG Imperii Acquisition Corp.; closing remains subject to shareholder and regulatory approvals.
NEW YORK — tZERO agreed to go public through a merger with FG Imperii Acquisition Corp., the companies announced on Nov. 2, 2026. The transaction values tZERO at a $350 million pre-money equity valuation, and the combined company plans to list on the NYSE American under the ticker TZRO if the deal closes.
The transaction is expected to close in early 2027, subject to shareholder approval, regulatory review and other customary conditions. The companies said the deal could provide up to $231 million in trust cash, although the final amount can be affected by redemptions and closing conditions.
tZERO provides infrastructure for digital securities and tokenized markets. A public listing would give the company a new source of visibility and capital, but it would also bring public-company reporting, governance and market scrutiny.
The announced valuation is a transaction benchmark, not a public-market price or guarantee of proceeds. The merger has not closed, and the final capital available to the combined company may differ from the headline estimate.