FG Nexus Inc. (FGNX): M&A transaction — Fundamental Global completes combination with Strong Global Entertainment; SGE shareholders get 1.5 FGF shares per share

FG Nexus Inc.

Combination closed Sept 30, 2024; over 99% of SGE shares voted in favor.
Each SGE common share exchanged for 1.5 FGF common shares; SGE to be delisted from NYSE.
Prior to closing, SGE sold subsidiary MDI to Saltire Holdings for ~$29.5M in cash and equity.
Todd Major appointed as FGF Chief Accounting Officer with compensation unchanged from SGE.

item 2.01 item 3.01 item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Todd Major

Chief Accounting Officer and Principal Accounting Officer

FGNX · FG Nexus Inc.

Effective: 2024-09-30
Filed: October 2, 2024, 7:59 PM ET

Todd Major became the Company’s Chief Accounting Officer and Principal Accounting Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Todd Major was appointed as Chief Accounting Officer and Principal Accounting Officer at FG Nexus Inc..

Action: appointed
Role: Chief Accounting Officer and Principal Accounting Officer

Exact text from the filing

Todd Major became the Company’s Chief Accounting Officer and Principal Accounting Officer.

View on SEC.gov

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.85

FG Nexus Inc. completed a disposition involving FG Acquisition Corp. (renamed Saltire Holdings, Ltd) for approximately $29.5 million in cash and preferred and common shares of Saltire (closed 2024-09-30).

Action: disposition
Counterparty: FG Acquisition Corp. (renamed Saltire Holdings, Ltd)
Consideration: approximately $29.5 million in cash and preferred and common shares of Saltire
Closing: 2024-09-30

Exact text from the filing

Prior to the closing, SGE completed the transfer of its subsidiary, Strong/MDI Screen Systems, Inc. ("MDI"), to FG Acquisition Corp., a Canadian special purpose acquisition company ("FGAC"), which was renamed Saltire Holdings, Ltd ("Saltire"), on the terms described in the Joint Proxy Statement/Prospectus, including the receipt of the equivalent of approximately $29.5 million in cash and preferred and common shares of Saltire

View on SEC.gov

5 m&a transactions filed in the last 30 days. Browse all m&a transactions →

FG Nexus Inc. filing history →

Source: SEC EDGAR

accession 0001493152-24-039225

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