FG Merger III Corp. FG Merger III Corp. Unit (FGXCU) operates as a blank check company whose primary business is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, with a focus on the financial services sector in North America. The units consist of one share of common stock and one-half of a warrant exercisable at $11.50 per share. Incorporated as a Nevada corporation on September 20, 2023, FG Merger III Corp. maintains its headquarters in Itasca, Illinois, and functions as a subsidiary of FG Merger Investors III LLC. The company targets businesses with proven management teams, scalable revenue models and clear paths to profitability, leveraging the financial services expertise of its management team, including CEO Larry Gene Swets Jr. In a recent development, FG Merger III Corp. priced its initial public offering of 15 million units at $10 each in August 2025, raising $150 million before underwriters' fees, after reviving its IPO filing originally submitted in December 2023 and later withdrawn; the offering was underwritten by ThinkEquity and EarlyBirdCapital, and as of late 2025, the SPAC remains in the search phase for a suitable target with no announced business combination.