Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Strong Global Entertainment, Inc. completed an acquisition involving Fundamental Global Inc. (closed 2024-09-30).
- Action
- acquisition
- Counterparty
- Fundamental Global Inc.
- Closing
- 2024-09-30
Exact text from the filing
On September 30, 2024, Strong Global Entertainment, Inc. (“SGE”), Fundamental Global Holdings BC ULC, an unlimited liability company existing under the laws of the Province of British Columbia and majority owner of SGE (“FG BC”), and 1483530 B.C. Ltd., a newly formed subsidiary of FG BC (“Subco”), completed an arrangement transaction pursuant to the terms of the Arrangement Agreement, dated May 30, 2024
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
Strong Global Entertainment, Inc. completed a disposition involving Saltire Holdings, Ltd for $29.5 million (closed 2024-09-25).
- Action
- disposition
- Counterparty
- Saltire Holdings, Ltd
- Consideration
- $29.5 million
- Closing
- 2024-09-25
Exact text from the filing
renamed Saltire Holdings, Ltd (“Saltire”). Pursuant to the acquisition agreement, dated May 3, 2024 (the “Acquisition Agreement”), SGE received the equivalent of approximately $29.5 million in cash and preferred and common shares of Saltire, consisting of: (i) cash consideration in an amount equal to 25% of the net proceeds of a concurrent private placement (or $0.8
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