FG Imperii Acquisition (FGIIU) said late Thursday it is pricing its initial public offering of 20 million units at an offering price of $10 per unit, with every unit consisting of one Class A ordinary share and one-half of one redeemable warrant.

A complete warrant will enable the holder to buy one Class A ordinary share at $11.50 per share, the company said.

The units are expected to trade on Nasdaq under the ticker symbol "FGIIU" starting Jan. 16, the company added.

The company has given the underwriter a 45-day option to buy up to an additional 3 million units at the initial public offering price to account for over-allotments, if any.

The offering will close on Jan. 20, subject to closing conditions.