Uncategorized – Fundamental Global

Fundamental Global Inc. Announces $6.5M Sale of Digital Ignition

Advancing Strategic Focus and Strengthening Financial Position Mooresville, NC, April 22, 2024 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”) today announced the sale of its Digital Ignition building and wholly owned subsidiary for $6.5 million. Fundamental Global will receive approximately $1.3 million in cash, net of closing costs and […]

Fundamental Global Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Continued Growth in Reinsurance and Investment Results leads to Net Income in 2023 MOORESVILLE, N.C. — (BUSINESS WIRE) — Fundamental Global Inc. (Nasdaq: FGF) (the “Company” or “Fundamental Global”), formerly known as FG Financial Group, Inc., today announced results for the fourth quarter and full year ended December 31, 2023. As previously announced, FG Financial Group, […]

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

ST. PETERSBURG, Fla.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on December 15, 2023 and ending on March 14, 2024. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group, Inc. and FG Group Holdings Inc. Sign Definitive Plan of Merger to form Fundamental Global Inc.

Charlotte, NC, Jan. 03, 2024 (GLOBE NEWSWIRE) — FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (NYSE American: FGH) (“FG Group Holdings”) today announced that they have signed a definitive plan of merger to combine the companies in an all-stock transaction. Upon completion of the merger, the combined company will be renamed to Fundamental Global Inc. and the common stock and Series A cumulative preferred stock of the combined company will continue to trade on the Nasdaq under the tickers “FGF” and “FGFPP,” respectively.

FG Financial Group, Inc. Reports Third Quarter 2023 Financial Results

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the third quarter and nine months ended September 30, 2023.

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

FG Financial Group, Inc. Reports Second Quarter 2023 Financial Results

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the second quarter and six months ended June 30, 2023. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss-capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group Announces Closing of Public Offering

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors, today announced the closing of its previously announced public offering of 865,000 shares of its common stock at a public offering price of $1.85 per share, for gross proceeds of $1,600,250, before deducting underwriting discounts and offering expenses.

FG Financial Group’s Reinsurance Division Achieving Strong Financial Performance; Expects Growing Fee Revenue in 2023

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its reinsurance division achieved net underwriting profit1 in the first quarter of 2023 of over $1 million, driven by strong profitable growth in net written premiums as the company executes its strategy to deploy capital to highly structured loss-capped contracts. Furthermore, the company has focused on growing its fee-based revenue and expects to realize its first fees through its FG RE Solutions unit in 2023.

FG Financial Group Announces Pricing of Public Offering

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors, today announced the pricing of an underwritten public offering of 865,000 shares of its common stock at a public offering price of $1.85 per share, for gross proceeds of $1,600,250, before deducting underwriting discounts, commissions and offering expenses. All of the shares of common stock are being offered by the Company.

FG Financial Group, Inc. Merchant Banking Platform Company FG Acquisition Corp. Announces Business Combination Agreement with ThinkMarkets

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its merchant banking platform partner FG Acquisition Corp. (TSX: FGAA.U) (TSX: FGAA.WT.U) has entered into a business combination agreement with ThinkMarkets, one of the fastest growing online and leveraged trading multi-asset brokerages globally. ThinkMarkets provides its customers with access to over 10,000 CFDs, including but not limited to, equities, currencies, precious metals, indices, commodities, ETFs and other trading products. The business combination would result in ThinkMarkets launching as a public company listed on the Toronto Stock Exchange.

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2023, and ending on June 14, 2023. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group, Inc. Reports First Quarter 2023 Financial Results

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the first quarter ended March 31, 2023. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

ITASCA, Ill.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the fourth quarter and full year ended December 31, 2022. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

ST. PETERSBURG, Fla.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on December 15, 2022 and ending on March 14, 2023. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.

FG Financial Group Announces Formation of Craveworthy

ST. PETERSBURG, Fla.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced the formation of Craveworthy LLC (“Craveworthy”) in partnership with Gregg Majewski, a proven restaurant industry executive with several successes under his leadership.

FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Announces Business Combination Agreement With iCoreConnect

ST. PETERSBURG, Fla.–(BUSINESS WIRE)– FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (the “Company”), today announced that its merchant banking platform partner FG Merger Corp. (FG Merger) (Nasdaq: FGMC) has entered into a business combination agreement with iCoreConnect Inc., a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services. The business combination would result in iCoreConnect uplisting from the over the counter (“OTC”) market to the Nasdaq.