I Believe FUNDAMENTAL Honesty
is the Keystone to Business

Harvey S. Firestone

As Seen or Mentioned In

Fundamental Global® announced the closing of FG New America Acquisition Corp (NYSE: FGNA) with OppFi Inc. (NYSE: OPFI).

FG New America II Files for $225M IPO

FG New America Acquisition II registered with the SEC to offer 22.5 million units at $10 each. The new SPAC in the filing said it will target a business in the financial services and insurance industry with an enterprise value of approximately $500 million to $2 billion, with particular emphasis on FinTech and InsureTech companies. FG New America II is led by Chairman and Director Joseph Moglia, the former CEO and chairman of TD Ameritrade, chairman of Fundamental Global Investors and Capital Wealth Advisors and Chair of Athletics and Executive Advisor to the president at Coastal Carolina University. Read the full article here.

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.
The caption: “When Warren Buffett puts you in a headlock at a football game…”
For Cerminara, founder and CEO of Fundamental Global, relationships with other investors and industry professionals are critical … Read the full article here at Institutional Investor.

GreenFirst Completes Acquisition of Rayonier Forest and Paper Product Assets

Vancouver, BC, August 30, 2021 – GreenFirst Forest Products Inc. (TSXV: GFP) (“GreenFirst” or the “Purchaser”) is pleased to announce that on August 28, 2021 it closed the previously announced purchase of a portfolio of forest and paper product assets (the “Purchased Assets”) from Rayonier A.M. Canada G.P. (“RYAM GP”), Rayonier A.M. Canada Industries Inc. (“RYAM Industries”) and Rayonier A.M. Canada Enterprises Inc. (collectively with RYAM GP and RYAM Industries, “RYAM”), each a subsidiary of Rayonier Advanced Materials Inc. (NYSE: RYAM). Read the full article here.

OppFi Inc. trades on NYSE

Fundamental Global® Closes First SPAC Transaction with OppFi Inc.; Launches Growth Strategy Focused on Special Situation Holdings

Finalizes Divestiture of 50% Ownership in CWA
Mooresville, NC, August 10, 2021 (ACCESSWIRE) — 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 at Yahoo Finance.

Kyle Cerminara on deSPACing OppFi with $FGNA

Yet Another Value Channel Podcast
Kyle Cerminara, President of FGNA, discusses his thesis for deSPACing with OppFi with host Andrew Walker. Key topics include comparing OppFi to its closest competitors, how FNGA and OppFi arrived at their valuation, and addressing different regulatory risks for OppFi. Watch the conversation here.

Leadership Chat: Jared Kaplan, CEO of OppFi, and Kyle Cerminara, President of FG New America

Absolute Return Podcast with Hosts Julian Klymochko and Michael Kesslering
On today’s podcast, we welcome special guests Jared Kaplan, CEO of OppFi, and Kyle Cerminara, President of FG New America. OppFi, a leading financial technology platform that serves the everyday consumer, recently announced a merger with SPAC FG New America Acquisition Corp in a deal that valued the fintech company at $800 million. Listen to the podcast here.

OppFi Inc. is a leading financial technology platform that powers banks to help everyday consumers gain access to credit.

FG Financial Group Announces that FG New America Acquisition Corp. Has Completed Its Business Combination with Opportunity Financial (“OppFi”)

St. Petersburg, FL (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. Read the full article here.

Kyle Cerminara – All In

The Business Brew Podcast hosted by Bill Brewster
Kyle stopped by The Business Brew to discuss his role as CEO of Fundamental Global. In that capacity, he is focused on four portfolio companies: Ballantyne Strong Inc, BK Technologies Corp, GreenFirst Forest Products Inc, and SPAC that reached a definitive agreement to purchase Opportunity Financial. Listen to the podcast 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. Read the full article here.

Firefly Raises $30 Million to Put Electronic Ads on Ride-hailing Cars

May 30, 2019 …Firefly today revealed that it’s secured $30 million in series A financing led by GV (formerly Google Ventures), with participation from existing backer NFX. The newfound funds, which come on the heels of a $21.5 million seed funding round to bring Firefly’s total raised to $51.5 million, will be used to support “continued innovation” and scale the company’s model to new formats and markets, said Gunay… Read the full article here at VentureBeat.

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 the full article here at the Tampa Bay Business Journal.

FG Financial Group, Inc. Subsidiary FGRe Announces Reinsurance Contract With Leading Insurtech Company

St. Petersburg, FL (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 listed on Nasdaq

FG Financial Group, Inc. Announces Pricing of Public Offering

St. Petersburg, FL (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, FL (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.

Fundamental Global Acquires Shares of Itasca Capital Ltd.

Charlotte, NC, Oct. 28, 2019 (GLOBE NEWSWIRE) — Fundamental Global Investors, LLC (“Fundamental”), a privately owned investment manager, announces that it has privately acquired (the “Acquisition”) ownership of an aggregate of 1,974,113 common shares (the “Itasca Shares”) of Itasca Capital Ltd. (TSX-V: ICL) (“Itasca”). The Itasca Shares were acquired pursuant to a letter agreement dated October 9, 2019 (the “Bid Date”). Read the full article here.

STRONG Outdoor Increases Investment in Traditional Media Platform with Investment in NYC Premium Taxi Tops

Becomes strategic investor and partner in Firefly placing its digital bet on the growth of Firefly’s dynamic smart media platform

STRONG Outdoor, an operating business of Ballantyne Strong, Inc. (NYSE American: BTN), has announced that it is investing in its fleet of over 3,200 static taxi tops by doubling its inventory of Premium Tops. Read the full article here.

Kobex Announces Change of Name and New Director Appointment

Vancouver, British Columbia (Marketwired – Jun 23, 2016) – Itasca Capital Ltd. (TSX VENTURE:ICL) (the “Company” or “Itasca”) is pleased to announce that effective today, June 23, 2016, the Company has changed its name from “Kobex Capital Corp.” to “Itasca Capital Ltd.” and effective today, will commence trading on the TSX Venture Exchange under the name Itasca Capital Ltd. and under the symbol “ICL.” Read the full article here.

Columbus McKinnon to Acquire Magnetek, Inc.

Amherst, NY and Menomonee Falls, WI, July 27, 2015 (GLOBE NEWSWIRE) — Columbus McKinnon Corporation (NASDAQ:CMCO), a leading designer, manufacturer and marketer of material handling products, and Magnetek, Inc. (NASDAQ:MAG) announced today that they have entered into a definitive agreement for Columbus McKinnon to acquire all of the outstanding shares of Magnetek for $50 per share for a total value of $188.9 million. Read the full article here.

Fundamental Global Takes 9.86% Stake in University Bancorp, Gains Fed Approval to Increase Stake Further

Ann Arbor, Michigan, May 26, 2015, — University Bancorp, Inc. (OTCQB: UNIB) has been informed by Fundamental Global Partners, L.P. & Fundamental Global Master Fund, L.P. that they hold a total of 503,058 shares of common stock of the Company, or 9.86% of the 5,102,844 currently outstanding shares. Fundamental Global is a money management firm whose principals are Kyle Cerminara, Lewis Johnson and Joseph Moglia. Read the full article here.

Ballantyne Strong and Fundamental Global Investors Announce Settlement of Proxy Contest

Ballantyne Strong, Inc. (NYSE MKT: BTN) and Fundamental Global Investors (“FGI”) today announced the settlement of FGI’s proxy contest. Key terms of the settlement are as follows:

  • The Board of Directors will be expanded from seven members to nine members.
  • Five of the members of the Board of Directors will come from FGI’s slate of proposed directors: D. Kyle Cerminara, William J. Gerber, Charles T. Lanktree, Robert J. Marino, and Robert J. Roschman.

Read the full article here.

Institutional Investor Best of the Buyside

As money managers continue to plug the gap left by the withdrawal of sell-side coverage, in-house analysts must work to a higher standard. Meet ten of the brightest in the business.

Rising equity markets and surging asset inflows are driving many money managers’ profits higher this year. But the industry’s good fortune doesn’t mean the business of picking stocks is getting any easier. … A longer-term view differentiates T. Rowe Price Associates’ D. Kyle Cerminara from many of his peers who cover financial institutions. Read the full article here.