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S-K 1603, SPAC Sponsor; Conflicts of Interest
Oct. 14, 2025
SPAC Sponsor, its Affiliates and Promoters [Line Items]  
SPAC Sponsor [Table Text Block]

The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates:

Entity/Individual

    

Amount of Compensation to be
Received or Securities Issued or to be
Issued

    

Consideration Paid or to be Paid

FG Imperii Investors LLC

5,750,000 Class B ordinary shares(1)

$10,000(2)

275,000 private units(1)

$2,750,000

Up to $150,000

Repayment of loans made to us by our sponsor to cover offering-related and organizational expenses.

1,000,000 $15 Exercise Price Warrants

$100,000

$15,000 per month

Office space, administrative and support services

Up to $1,500,000 in working capital loans may be convertible into private units at a price of $10.00 per unit

Working capital loans to finance transaction costs in connection with an intended initial business combination.

Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination

Services in connection with identifying, investigating and completing an initial business combination.

Imperii Securities LLC(3)

Up to $3,000,000

Financial advice and assistance in connection with an initial business combination

FG Imperii Investors LLC
Larry G. Swets, Jr.
Hassan R. Baqar
Andrew B. McIntyre
Scott D. Wollney
Richard E. Govignon
Anthony C. “Tony” Scuderi

Anti-dilution protection for an aggregate of 5,750,000 founder shares in order to maintain the percentage of the founder shares at 20.0% of the outstanding shares of the combined company upon consummation of an initial business combination, as described in this prospectus

Issuance of additional ordinary shares to the holders of the founder shares

1)Assumes no exercise of the over-allotment option and the full forfeiture of 750,000 Class B ordinary shares that are subject to surrender by our initial shareholders depending on the extent to which the underwriters’ over-allotment option is exercised.
2)Includes the amount paid by the sponsor for the founder shares that were subsequently transferred to our officers and directors.
SPAC Sponsor, Agreement Arrangement or Understanding on Determining Whether to Proceed with de-SPAC Transaction [Text Block]
ØOur key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether to proceed with a particular business combination.
SPAC Sponsor, Direct and Indirect Material Interest Holders [Table Text Block]

    

    

    

    

    

    

Approximate

Percentage

of 

Approximate

Interest in

Series A

Series C

Series D

Percentage

the Private

Units

Series B Units

Units

Units

of

Warrants

(Representing

(Representing

(Representing

(Representing

Interest in

and OTM

Interests in

Interests in

Interests in

Interests in

the Ordinary

Warrants

the Ordinary

the Ordinary

the Private

the OTM

Shares Held

Held by

    

Shares)

    

Shares)

    

 Warrants)

    

Warrants)

    

 by Sponsor

    

Sponsor

Larry G. Swets, Jr.

%  

%

Hassan R. Baqar

%  

%

D. Kyle Cerminara

%  

%

SPAC Sponsor, Agreement Arrangement or Understanding on the Redemption of Outstanding Securities [Text Block] We will provide our public shareholders with the opportunity to redeem all or a portion of their public shares (up to an aggregate of 15% for each public shareholder of the shares sold in this offering, as described in more detail in this prospectus) upon the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the consummation of our initial business combination, including interest earned on the funds held in the trust account (which interest shall be net of funds withdrawn for taxes payable), divided by the number of then outstanding public shares, subject to the limitations and on the conditions described herein. The amount in the trust account is initially anticipated to be $10.00 per public share (regardless of whether the underwriters exercise their over-allotment option). There will be no redemption rights upon the completion of our initial business combination with respect to our warrants. Our initial shareholders, sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to any founder shares they hold and any public shares they may acquire during or after this offering in connection with the completion of our initial business combination
SPAC Sponsor and Affiliates Information, Restrictions on Sale of SPAC Securities [Table Text Block]

Assuming no liquidation, merger, share exchange, reorganization or other similar transaction takes place, lock-ups on the founder shares and private placement securities would expire as follows:

Subject Securities

    

Expiration Date

    

Natural Persons and
Entities Subject to
Restrictions

    

Exceptions to Transfer
Restrictions

Founder Shares

(i) with respect to 50% of the founder shares, the earlier of (x) twelve months after the date of the consummation of an initial business combination or (y) the date on which the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination and (ii) with respect to the remaining 50% of the founder shares, twelve months after the date of the consummation of our initial business combination

During the period commencing on the date of this prospectus and ending 180 days after such date, the initial shareholders shall not, without the prior written consent of ThinkEquity and EBC, (i) sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position, with respect to any units, ordinary shares (including, but not limited to, founder shares), warrants or any securities convertible into,

FG Imperii Investors LLC

Larry G. Swets, Jr.

Hassan R. Baqar

Scott D. Wollney

Andrew B. McIntyre

Richard E. Govignon

D. Kyle Cerminara

Anthony C. “Tony” Scuderi

Transfers permitted (a) to our officers or directors, any affiliate or family member of any of our officers or directors, any affiliate of our sponsor or to any member of the sponsor or any of their affiliates, (b) in the case of an individual, as a gift to such person’s immediate family or to a trust, the beneficiary of which is a member of such person’s immediate family, an affiliate of such person or to a charitable organization; (c) in the case of an individual, by virtue of laws of descent and distribution upon death of such person; (d) in the case of an individual, pursuant to a qualified domestic relations order; (e) by private sales or transfers made in connection with any forward purchase agreement or similar arrangement or in connection with the consummation of a business combination at prices no greater than the price at which the shares or warrants were originally purchased; (f) by virtue of the laws of the Cayman Islands or our Sponsor’s limited liability company agreement upon dissolution of our Sponsor, (g) in the event of our liquidation prior to our consummation of our initial business combination; or (h) in the event that, subsequent to our consummation of an initial business combination, we

Subject Securities

    

Expiration Date

    

Natural Persons and
Entities Subject to
Restrictions

    

Exceptions to Transfer
Restrictions

or exercisable, or exchangeable for, ordinary shares owned by it, him or her, or (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any units, ordinary shares (including, but not limited to, founder shares), warrants or any securities convertible into, or exercisable, or exchangeable for, ordinary shares owned by it, him or her, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise

complete a liquidation, merger, amalgamation, share capital sexchange or other similar transaction which results in all of our shareholders having the right to exchange their ordinary shares for cash, securities or other property; provided, however, that in the case of clauses (a) through (f) these permitted transferees must enter into a written agreement agreeing to be bound by these transfer restrictions and the other restrictions contained in the letter agreement

Private units and private placement warrants (including component securities and securities underlying those component securities)

30 days after the completion of the business combination, provided, however, that the Underwriter Shares have been deemed compensation by FINRA and are therefore subject to a lock-up for a period of 180 days immediately following the date of the effectiveness of the registration statement of which this prospectus forms a part pursuant to Rule 5110(e)(1) of FINRA’s Conduct Rules

FG Imperii Investors LLC

Larry G. Swets, Jr.

Hassan R. Baqar

Scott D. Wollney

Andrew B. McIntyre

Richard E. Govignon

D. Kyle Cerminara

Anthony C. “Tony” Scuderi

 

Same as above.

Any units, warrants, ordinary shares or any other securities convertible into, or exercisable or exchangeable for, any units, ordinary shares, founder shares or warrants

180 days

FG Imperii Investors LLC

Larry G. Swets, Jr.

Hassan R. Baqar

Scott D. Wollney

Andrew B. McIntyre

Richard E. Govignon

D. Kyle Cerminara

Anthony C. “Tony” Scuderi

The 180 day lock-up period is pursuant to the underwriting agreement and can be waived with the prior written consent of ThinkEquity and EBC.

Our sponsor, officers and directors are also subject to separate transfer restrictions on their founder shares and private units pursuant to the letter agreement described in the immediately preceding paragraphs.

SPAC Sponsor, Conflicts of Interest [Table Text Block]

Individual

    

Entity

    

Entity’s Business

    

Affiliation

Larry G. Swets, Jr.

GreenFirst Forest Products, Inc.

 

Forest Products

 

Director

 

Itasca Golf Managers, Inc.

 

Real Estate and Hospitality

 

President

 

Saltire Capital Ltd.

 

Holding Company

 

Executive Chairman

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chief Executive Officer

 

 

 

 

 

 

Hassan Baqar

FG Reinsurance Ltd

 

Reinsurance

 

Director

 

Saltire Capital Ltd.

 

Holding Company

 

Chief Financial Officer

 

Craveworthy LLC

 

Restaurants Portfolio Company

 

Manager

 

 

Sequoia Financial LLC

 

Management Services & Financial
Advisory

 

Managing member

 

 

Aldel Financial II Inc.

 

Special Purpose Acquisition Company

 

Chief Financial Officer

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chief Financial Officer

 

 

 

 

 

 

 

Scott D. Wollney 

 

FG Nexus Inc.

 

Reinsurance, Investment Management 

 

Director

 

 

Atlas Financial Holdings, Inc.

 

Property & Casualty Insurance

 

Director & CEO

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chairman

 

 

 

 

 

 

 

Richard E. Govignon 

 

FG Nexus Inc.

 

Reinsurance, Investment Management 

 

Director

 

 

Strong Global Entertainment

 

Cinema Exhibition Industry

 

Director

 

 

Saltire Capital Ltd.

 

Holding Company

 

Director

 

 

B-Scada Inc.

 

Software and Hardware Development

 

Director

 

 

Dnerus Financial

 

Family Asset Management

 

Partner

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Director

 

 

 

 

 

 

 

Andrew B. McIntyre

 

Saltire Capital Ltd.

 

Holding Company

 

Director

 

 

Segwin Consulting Ltd.

 

Solar Enery, Business Consulting

 

Director

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Director

Anthony C. “Tony” Scuderi

Imperii Partners

M&A and strategic capital advisor

CEO and Chairman

Fiduciary Duties to Other Companies, SPAC Officers and Directors [Table Text Block]

Below is a table summarizing the entities to which our executive officers and directors currently have fiduciary duties or contractual obligations:

Individual

    

Entity

    

Entity’s Business

    

Affiliation

Larry G. Swets, Jr.

GreenFirst Forest Products, Inc.

 

Forest Products

 

Director

 

Itasca Golf Managers, Inc.

 

Real Estate and Hospitality

 

President

 

Saltire Capital Ltd.

 

Holding Company

 

Executive Chairman

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chief Executive Officer

 

 

 

 

 

 

Hassan Baqar

FG Reinsurance Ltd

 

Reinsurance

 

Director

 

Saltire Capital Ltd.

 

Holding Company

 

Chief Financial Officer

 

Craveworthy LLC

 

Restaurants Portfolio Company

 

Manager

 

 

Sequoia Financial LLC

 

Management Services & Financial
Advisory

 

Managing member

 

 

Aldel Financial II Inc.

 

Special Purpose Acquisition Company

 

Chief Financial Officer

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chief Financial Officer

 

 

 

 

 

 

 

Scott D. Wollney 

 

FG Nexus Inc.

 

Reinsurance, Investment Management 

 

Director

 

 

Atlas Financial Holdings, Inc.

 

Property & Casualty Insurance

 

Director & CEO

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Chairman

 

 

 

 

 

 

 

Richard E. Govignon 

 

FG Nexus Inc.

 

Reinsurance, Investment Management 

 

Director

 

 

Strong Global Entertainment

 

Cinema Exhibition Industry

 

Director

 

 

Saltire Capital Ltd.

 

Holding Company

 

Director

 

 

B-Scada Inc.

 

Software and Hardware Development

 

Director

 

 

Dnerus Financial

 

Family Asset Management

 

Partner

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Director

 

 

 

 

 

 

 

Andrew B. McIntyre

 

Saltire Capital Ltd.

 

Holding Company

 

Director

 

 

Segwin Consulting Ltd.

 

Solar Enery, Business Consulting

 

Director

 

 

FG Merger II Corp.

 

Special Purpose Acquisition Company

 

Director

Anthony C. “Tony” Scuderi

Imperii Partners

M&A and strategic capital advisor

CEO and Chairman

Potential investors should also be aware of the following other potential conflicts of interest:

ØOur executive officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations and our search for a business combination and their other businesses. We do not intend to have any full-time employees prior to the completion of our initial business combination. Each of our executive officers is engaged in several other business endeavors for which he may be entitled to substantial compensation, and our executive officers are not obligated to contribute any specific number of hours per week to our affairs.
ØOur initial shareholders purchased founder shares prior to the date of this prospectus and will purchase private placement securities in a transaction that will close simultaneously with the closing of this offering. Our initial shareholders have entered into agreements with us, pursuant which they have agreed to waive their redemption rights with respect to their founder shares and any public shares they hold in connection with the completion of our initial business combination. The other members of our management team have entered into agreements similar to the one entered into by our initial shareholders with respect to any public shares acquired by them in or after this offering. Additionally, our initial shareholders have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares if we fail to complete our initial business combination within the prescribed time frame or any extended period of time that we may have to consummate an initial business combination as a result of an amendment to our amended and restated memorandum and articles of association. If we do not complete our initial business combination within the prescribed time frame, the private placement securities will expire worthless. Furthermore, our initial shareholders have agreed not to transfer, assign or sell any of their founder shares until: (i) with respect to 50% of the founder shares, the earlier of (x) twelve months after the date of the consummation of an initial business combination or (y) the date on which the closing price of our ordinary shares equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after our initial business combination and (ii) with respect to the remaining 50% of the founder shares, twelve months after the date of the consummation of our initial business combination. In addition, we could agree to permit the holders of our founder shares to transfer shares or agree to cancel such securities. Although no such transfers or cancellations are contemplated, we could agree to permit such transfer or cancellation to facilitate the closing of a business combination. Any permitted transferees will be subject to the same restrictions and other agreements of our initial shareholders with respect to any founder shares. We refer to such transfer restrictions throughout this prospectus as the lock-up. Notwithstanding the foregoing, if we consummate a transaction after our initial business combination which results in our shareholders having the right to exchange their shares for cash, securities or other property, the founder shares will be released from the lock-up. Subject to certain limited exceptions, the private placement warrants will not be transferable until 30 days following the completion of our initial business combination. Because each of our executive officers and directors will own ordinary shares or warrants directly or indirectly, they may have a conflict of interest in determining whether a particular target business is an appropriate business with which to effectuate our initial business combination.
ØOur key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether to proceed with a particular business combination.
ØOur officers and directors may have a conflict of interest with respect to evaluating a particular business combination if the retention or resignation of any such officers and directors was included by a target business as a condition to any agreement with respect to our initial business combination.