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

tZERO signed a $350 million SPAC merger with FG Imperii, tying $12.5 million of the deal to derivatives goals. Half of the 2.5 million earnout shares depend on tZERO's derivatives business, including a pending CFTC exchange application. The deal links a significant portion of value to regulatory approval and derivatives performance.