Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation
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.
Fundamental Global Inc. Announces $6.5M Sale of Digital Ignition
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 repayment of debt. In addition, the Company expects annual operating costs to be reduced by approximately $1 million as a result of the sale.
Kyle Cerminara, Chairman and CEO of Fundamental Global, commented, “We are committed to reducing expenses and increasing scale, focus and profitability. When I returned as CEO it became obvious that Digital Ignition was not core to the new strategic focus and that we should sell and focus our time, effort and capital. This sale is one of many steps we are taking to consolidate and simplify our operations, reduce costs, and focus our efforts on a few highly scalable and high ROIC businesses.”
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
FG Financial Group, Inc. and FG Group Holdings Inc. Complete Merger
Mooresville, NC – February 29, 2024 – FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (“FG Financial”) and FG Group Holdings Inc. (“FG Group Holdings”) today announced that they have completed the previously announced merger pursuant to which FG Group Holdings merged with and into FG Group LLC, with FG Group LLC surviving as a wholly-owned subsidiary of FG Financial.
