tZERO Signs $350 Million SPAC Deal With FG Imperii, Ties $12.5 Million to Derivatives Goals

tZERO has signed a $350 million SPAC merger deal with FG Imperii, with $12.5 million of the consideration tied to hitting derivatives targets. Half of the merger's 2.5 million earnout shares depend on tZERO's derivatives business, which includes a CFTC exchange application that is still pending. Traders in tokenization and security-token infrastructure should watch the CFTC approval as the key catalyst for the earnout and for tZERO's post-listing prospects.