FG Group Holdings Inc.: M&A transaction — FG Financial completes merger with FG Group Holdings, renamed Fundamental Global Inc.

FG Group Holdings Inc.

Shareholders of FG Group Holdings received 1 share of FG Financial common per share of FGH common.
99.9% of returned consents voted in favor; merger simplifies operations and reduces public company costs.
Combined company now operates reinsurance (FGRe), entertainment (Strong Global), merchant banking/SPACs, and asset management.
Board expanded to 7 members; D. Kyle Cerminara remains Chairman and CEO; key management roles assigned.
Common stock and Series A preferred continue trading on Nasdaq under tickers FGF and FGFPP.

item 2.01 item 3.01 item 3.03 item 5.01 item 5.07 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

FG Group Holdings Inc. underwent a change of control involving FG Financial Group, Inc. (closed 2024-02-29).

Action: change of control
Counterparty: FG Financial Group, Inc.
Closing: 2024-02-29

Exact text from the filing

On February 29, 2024, FG Financial Group, Inc., a Nevada corporation (“FGF”), and FG Group Holdings Inc., a Nevada corporation (the “Company” or “FGH”), completed the previously announced merger transaction pursuant to the Plan of Merger, dated as of January 3, 2024 (the “Merger Agreement”), by and among the Company, FGF and FG Group LLC, a Nevada limited liability company and wholly owned subsidiary of FGF (the “Merger Sub”).

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Source: SEC EDGAR

accession 0001493152-24-008331

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