Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation
Fundamental Global Inc. (FGF)
Company Research
Source: GlobeNewswire
Mooresville, NC, May 06, 2024 (GLOBE NEWSWIRE) -- Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global”) today announced that its majority owned subsidiary, Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) has announced the proposed acquisition (the “MDI Acquisition”) of Strong/MDI Screen Systems, Inc. (“MDI”) by FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) (“FGAC”), a special purpose acquisition company (“FGAC”), pursuant to an acquisition agreement (the “Acquisition Agreement”) dated May 3, 2024 between FGAC, Strong Global, MDI, FGAC Investors LLC and CG Investments VII Inc. FGAC will change its name on closing of the MDI Acquisition (“Closing”) to Saltire Holdings, Ltd. (“Saltire”). Kyle Cerminara, Chief Executive Officer of Fundamental Global commented, “We are excited to announce the launch of Saltire Holdings with FGAC’s acquisition of Strong/MDI. We recently announced the sale of our Digital Ignition business, and the proposed sale of MDI is alig
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FGF
News
- Fundamental Global Inc. and Strong Global Entertainment, Inc. Enter Into Definitive Plan of ArrangementGlobeNewswire
- Fundamental Global Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A [Yahoo! Finance]Yahoo! Finance
- Fundamental Global Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series AGlobeNewswire
- Fundamental Global Inc. Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Fundamental Global Inc. Reports First Quarter 2024 Financial ResultsGlobeNewswire
FGF
Sec Filings
- 5/20/24 - Form 4
- 5/6/24 - Form 4
- 4/17/24 - Form 4
- FGF's page on the SEC website