---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-018102"
form_type: "8-K"
ticker: null
cik: "0001893448"
company_name: "Strong Global Entertainment, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T20:54:23.300059+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Strong Global Entertainment sells MDI to FGAC for $30M pre-money; will hold ~29.6% of Saltire

## Summary
- MDI (premium projection screens) valued at $30M pre-money; FGAC to issue $9M preferred shares + common shares at $10/share.
- Strong Global retains ~29.6% post-closing stake in combined entity renamed Saltire Holdings.
- Transaction requires FGAC shareholder approval, TSX listing of common shares and warrants, and regulatory clearances.
- Concurrent private placement of up to $10M expected; sponsors hold 51.42% of Saltire post-deal.
- MDI supplies screens to IMAX, AMC, Cinemark; Saltire will be a long-term capital partner for private equity investments.

## SEC filing metadata
- accession: 0001493152-24-018102
- form_type: 8-K
- cik: 0001893448
- company_name: Strong Global Entertainment, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1893448/000149315224018102/0001493152-24-018102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1893448/000149315224018102/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-018102
- JSON: https://secwatch.observer/filing/0001493152-24-018102.json
- Plain text: https://secwatch.observer/filing/0001493152-24-018102.txt

## Key facts
- Material Agreements
  Strong Global Entertainment, Inc. entered into Acquisition Agreement with FG Acquisition Corp. valued at $30 million (effective 2024-05-03).
  - Action: entry
  - Agreement: merger
  - Counterparty: FG Acquisition Corp.
  - Value: $30 million
  - Effective: 2024-05-03
  source text: On May 3, 2024, Strong Global Entertainment, Inc. (the “Company”) entered into an acquisition agreement (the “Acquisition Agreement”) with FG Acquisition Corp., a special purpose acquisition company incorporated under the laws of British Columbia (“FGAC")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1893448/000149315224018102/0001493152-24-018102-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.