I Believe FUNDAMENTAL Honesty
is the Keystone to Business
Harvey S. Firestone
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Fundamental Global® announced the closing of FG New America Acquisition Corp (NYSE: FGNA) with OppFi Inc. (NYSE: OPFI).
A CEO’s Guide for How to Build an Asset Management Firm
Fundamental Global founder Kyle Cerminara left Point72 in 2012 to start his own firm. Here’s how he did it. Click on Kyle Cerminara’s Twitter page and you’ll find an image of him and Warren Buffet smiling into the camera. Scroll down to his pinned tweet, and there’s another photo with Buffet — but this time, Cerminara is hunched over, with Buffet’s arm locked around his neck. Read the full article here.
Fundamental Global(R) Closes First SPAC Transaction with OppFi Inc. (NYSE:OPFI) | Launches Growth Strategy Focused on Special Situation Holdings
Finalizes Divestiture of 50% Ownership in CWA
MOORESVILLE, NC / ACCESSWIRE / August 10, 2021 / Fundamental Global®, a private partnership focused on long-term strategic holdings, announced the closing of its first SPAC transaction for FG New America Acquisition Corp (NYSE:FGNA) with OppFi Inc. (NYSE:OPFI), a leading financial technology platform that powers banks to help everyday consumers gain access to credit. Read the full article here.
FedNat Holding finalizes $51M acquisition of Tampa insurance company
The FedNat Holding (NASDAQ: FNHC), a Sunrise-based insurance holding company, has finalized its acquisition of 1347 Property Insurance Holdings Inc., a Tampa-based propery and casualty insurance business. The deal, which was announced in February, includes all of 1347 PIH’s homeowners insurance operations, consisting of Maison Insurance Co., Maison Managers Inc. and ClaimCor LLC. Read More...TAMPA BAY JOURNAL
Why BK Radios Are As Good As People Say They Are
When your personnel is out on the line of duty, they need to be able to rely on their services radios and other communication devices. Whether they’re fighting against crime, floods, or viruses, communication is a crucial factor for getting the job done safely and effectively. BK radios have been a staple of reliable communication for more than 70 years. As their slogan says, they build radios for heroes. VENTS MAGAZINE
Firefly raises $30 million to put electronic ads on ride-hailing cars
The gig driving economy might be growing, but excepting cities with minimum wage laws for ride-hailing drivers, the pay certainly isn’t getting any better. Lyft says its drivers’ median earnings work out to $18.83 an hour nationally. A Buzzfeed survey found that Uber drivers in Denver, Detroit, and Houston earned just $13.25 an hour on average. And in a recent survey disputed by Uber, MIT researchers reported that Uber and Lyft drivers’ median pretax profit was $3.37 per hour. VENTURE BEAT
BK Technologies Receives $2.1 Million Order from California State Agency
BK Technologies Corporation (NYSE American:BKTI) today announced that its operating subsidiary received an order totaling approximately $2.1 million for BK KNG2-Series radios and related accessories from a California State customer. The order was for BK's KNG2-Series Digital P-25 portable radios with accessories and was fulfilled in the fourth quarter of 2019.
BK President Tim Vitou commented, "Fire professionals in California have relied upon our products for many years, and we are pleased to support their mission. We are focused on expanding our customer base and market share in California and nationwide." NASDAQ
FG Financial Group Announces Retirement of John S. Hill as Chief Financial Officer; Appoints Hassan R. Baqar Chief Financial Officer
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (the “Company”), a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses, today announced that John S. Hill, Chief Financial Officer of FG Financial Group since the founding of the Company, has decided to retire effective August 6. Mr. Hill will be succeeded by Hassan R. Baqar who will become CFO of FG Financial Group effective August 6. The Company also announced that Brian Bottjer has been appointed Chief Accounting Officer. Read the full article here.
FG Financial Group Announces That FG New America Acquisition Corp. Has Completed Its Business Combination With Opportunity Financial (“OppFi”)
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (the “Company”), a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses, today announced that FG New America Acquisition Corp. (FGNA), has completed their previously announced business combination with OppFi. The business combination was approved by FGNA’s stockholders at its special meeting held on July 16, 2021, and closed on July 20, 2021. Read the full article here.
Ballantyne Strong Announces Intention to Pursue an IPO of its Strong Entertainment Business Segment
Charlotte, NC, July 29, 2021 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (“Ballantyne Strong” or the “Company”), today announced that its Board of Directors has approved the pursuit of an initial public offering (IPO) of its Strong Entertainment business segment (“Strong Entertainment”) through the offering of securities of Ballantyne Strong’s newly-created, wholly-owned subsidiary, Strong Entertainment, Inc. For financial reporting purposes, Ballantyne Strong will continue to consolidate Strong Entertainment in its financial results. Read the full article here.
FG Financial Group, Inc. Subsidiary FGRe Announces Reinsurance Contract With Leading Insurtech Company
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) (the “Company”), a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses, today announced that the Company’s reinsurance subsidiary, FG Reinsurance Ltd (“FGRe”) has entered into a reinsurance contract with a leading Insurtech company. Read the full article here.
FG Financial Group, Inc. Announces Pricing of Public Offering
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--FG Financial Group, Inc. (NASDAQ: FGF, FGFPP), (“FG Financial Group” or the “Company”) today announced the pricing of its underwritten public offering of 169,200 shares of its 8.0% Series A Cumulative Preferred Stock at a public offering price of $25.00 per share, for gross proceeds of $4,230,000, before deducting underwriting commissions and offering expenses. All of the shares of Series A Preferred Stock are being offered by the Company. Read the full article here.
1347 Property Insurance Holdings, Inc. Announces Change in Name to FG Financial Group, Inc. and Ticker Symbol To “FGF”
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--1347 Property Insurance Holdings, Inc. (“the Company”) (NASDAQ: FGF), a holding company which is implementing business plans to operate as a diversified holding company of reinsurance and investment management businesses, announced today that it has changed its name to FG Financial Group, Inc. (“FG Financial”) to better reflect the Company’s diversified holding company strategy. Read the full article here.