Category: Mobile Featured 1

Fundamental Global Inc. Announces Reverse Stock Split

Mooresville, NC, October 28 ,2024, – Fundamental Global Inc. today announced that it will effect a one (1)-for-twenty-five (25) reverse stock split of its outstanding common stock, effective October 31, 2024 at 5 pm ET.

Fundamental Global Completes Combination with Strong Global Entertainment

Mooresville, NC, Sept. 30, 2024 (GLOBE NEWSWIRE) – Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global”) has completed its combination with Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global Entertainment”) pursuant to a previously announced arrangement agreement.

Strong Global Entertainment Announces Closing of Sale of Strong/MDI for Approximately $30 Million

Mooresville, NC, September 26, 2024 – Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) and Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (“Fundamental Global”) are pleased to
announce the closing of the previously announced sale of Strong/MDI Screen Systems, Inc. (“MDI”) from
Strong Global to Saltire Holdings Ltd (“Saltire”)

Fundamental Global Inc. Reports Second Quarter 2024 Financial Results

Mooresville, NC – August 14, 2024 (GLOBE NEWSWIRE) – Fundamental Global Inc. (Nasdaq: FGF, FGPP) (the “Company” or
“Fundamental Global”), formerly known as FG Financial Group, Inc. (“FG Financial”), today announced results for the second quarter ended June 30, 2024. FG Financial and FG Group Holdings Inc. (“FG Group Holdings”) completed their merger (the “Merger”) on February 29, 2024, and the combined company was renamed Fundamental Global.

Fundamental Global Inc. and Strong Global Entertainment, Inc. Enter Into Definitive Plan of Arrangement

Mooresville, NC – May 31, 2024 (GLOBE NEWSWIRE) – Subsidiaries of Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”) and Strong Global Entertainment, Inc. (NYSE American: SGE) (“Strong Global Entertainment”) have entered into a definitive arrangement agreement and plan of arrangement to combine the companies in an all-stock transaction.

Fundamental Global Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

Mooresville, NC – May 21, 2024 (GLOBE NEWSWIRE) – Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”), formerly known as FG Financial Group, Inc., 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, 2024, and ending on June 14, 2024.

Fundamental Global Inc. Reports First Quarter 2024 Financial Results

Mooresville, NC – May 20, 2024 (GLOBE NEWSWIRE) – Fundamental Global Inc. (Nasdaq: FGF, FGFPP) (the “Company” or “Fundamental Global”), formerly known as FG Financial Group, Inc. (“FG Financial”), today announced results for the first quarter ended March 31, 2024. As previously announced, FG Financial and FG Group Holdings Inc. (“FG Group Holdings”) completed their merger (the “Merger”) as of February 29, 2024, whereby FG Group Holdings merged with and into FG Group LLC, a wholly-owned subsidiary of the Company. In connection with the merger, the Company was renamed Fundamental Global Inc.

Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation

Mooresville, NC — May 06, 2024 — Fundamental Global Inc. 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 the closing of the MDI Acquisition (“Closing”) to Saltire Holdings, Ltd. (“Saltire”).

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.”