FG Merger II said late Tuesday it priced its initial public offering of 8 million units at $10 per unit, with each unit consisting of one share and one right.

The company said each right entitles holders to receive one-tenth of a share upon completing a business combination.

The blank-check company said its units will begin trading on Nasdaq under the symbol "FGMCU" starting Wednesday, with the IPO expected to close Thursday. Once trading separately, the common stock will trade under the "FGMC" ticker and the rights under "FGMCR."

The company granted underwriters a 45-day option to purchase up to 1.2 million additional units to cover over-allotments.