Fintech-focused FG Merger II filed to offer 7.5 million units at $10 each. A unit consists of one share and half a warrant.
The SPAC will target businesses in the financial services industry in North America.
CEO Larry G. Swets, Jr. founded Itasca Financial, an advisory and investment firm, in 2005 and has served as its managing member since then. He also founded and is the president of Itasca Golf Managers, a management services and advisory firm focused on the real estate and hospitality industries, in August 2018. Swets has served as CEO of FG Financial Group(formerly 1347 Property Insurance Holdings), which operates as a diversified reinsurance, investment management and real estate holding company, since November 2020.
The new SPAC has applied to list on the Nasdaq but has yet to announce a ticker symbol.
ThinkEquity is sole bookrunner on this deal. Read more.
