By Seeking Alpha,
FG Merger (FGMCU) has announced the pricing of its IPO of 7M units at an offering price of $10/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/share.
The units are expected to trade on the Nasdaq under the ticker symbol “FGMCU” beginning Feb. 25, 2022 and expects the IPO to close on Mar. 1, 2022.
Underwriters are granted a 45-day option to purchase up to 1.05M additional units at the IPO price to cover over-allotments, if any.
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.
Source : https://seekingalpha.com/news/3805952-fg-merger-prices-70m-ipo?utm_source=feed_news_ipos&utm_medium=referral