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FGXCU

FG Merger III Corp. Unit

FGXCU

FG Merger III Corp. Unit • NASDAQ
$0.00 ▲ 0.00% (+0.00)
Market Cap $38
52w High $0
52w Low $0
Dividend Yield 0%
P/E 0
Volume 0
Outstanding Shares 3.76M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2025 $0 $19.319K ▲ $-19.319K ▼ 0% $0 $-19.319K ▼
Q1-2024 $0 $1.305K ▲ $-1.305K ▼ 0% $0 $-1.305K ▼
Q4-2023 $0 $1.14K $-1.14K 0% $0 $-1.14K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2025 $82.81K ▼ $201.146K ▼ $199.05K ▲ $2.096K ▼
Q4-2023 $150K $202.5K $178.55K $23.95K

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2023 $-1.14K $-59.426K $0 $150K $90.574K $-59.426K

Five-Year Company Overview

Income Statement

Income Statement FG Merger III Corp. is a pre-merger SPAC, so it effectively has no traditional income statement yet. There is no operating revenue, no operating profit, and no meaningful earnings because the company has no active business. Its “results” at this stage mainly reflect minor administrative costs and interest on funds held in trust rather than any underlying commercial performance.

Balance Sheet

Balance Sheet As a blank-check company, the balance sheet is essentially a pool of cash raised from investors and placed in trust, offset by shares and related obligations. There are no operating assets like equipment, customers, or inventories, and no clear long‑term debt profile from a normal operating business. The real economic substance of the balance sheet will only emerge once a merger target is identified and combined with the SPAC.

Cash Flow

Cash Flow Cash flows right now are mostly mechanical: money raised in the IPO is placed into a trust account, with small amounts used to cover listing, legal, and administrative expenses. There is no cash being generated by sales or business operations. Future cash flow quality will depend entirely on the business that FG Merger III eventually acquires or merges with.

Competitive Edge

Competitive Edge As a SPAC, FG Merger III’s competitive position is defined by its management team, its access to capital, and its ability to source an attractive deal in the financial services space. It competes with many other SPACs and traditional private equity or strategic buyers all seeking promising targets. The main differentiator here is the sponsors’ experience in financial services and their prior SPAC activity, rather than any current products, customers, or market share.

Innovation and R&D

Innovation and R&D FG Merger III does not conduct research and development or create its own products. Any future innovation story will depend on the company it merges with. For now, the “innovative” element is the SPAC structure itself and the management’s deal-making capabilities—how well they can identify a financial services business with distinctive offerings, strong growth potential, and a defensible position.

Summary

FGXCU is best understood as a cash shell with an experienced financial services–focused management team, not as an operating company. Its financial statements are largely empty of typical business activity, and its value proposition hinges entirely on the future selection and execution of a merger with a private financial services firm in North America. The key uncertainties are whether the team can find a high‑quality target on attractive terms and how that eventual business will perform; until a deal is announced and detailed disclosures are available, analysis is mainly about the sponsors’ track record, strategy, and the overall SPAC market environment rather than fundamentals of an active business.