- Continues to simplify its organizational structure
MOORESVILLE, N.C., Nov. 14,
2022 /PRNewswire/ -- Fundamental Global®, a private
partnership focused on long-term strategic holdings, filed an
amendment to its Schedule 13D last week, to reflect the recent
purchases of 187,613 shares of common stock and 37,158 shares of
preferred stock of FG Financial Group, Inc. ("FGF"), which were
previously reported in its Form 4 filings, and which can be viewed
here. Following these transactions, Fundamental Global and its
affiliates collectively hold approximately 60.3% of FGF's common
stock.
In addition to the recent purchases of FGF, Fundamental Global
highlighted several other events that change the way its ownership
is reported, as follows:
- Fundamental Activist Fund I, LP ("FAFI"), FGI 1347 Holdings, LP
("FGIH"), and Ballantyne Strong,
Inc. (NYSE American: BTN) each contributed their shares of FGF into
a newly formed venture, FG Financial Holdings LLC ("FGFH"), in
return for membership interests in FGFH.
- Any shares of FGF that were previously reported as being held
by FAFI and FGIH, have now been removed from Fundamental Global's
filings going forward.
Fundamental Global CEO and FG Financial Group Chairman,
D. Kyle Cerminara, commented, "We
are pleased to increase our ownership of FGF, one of Fundamental
Global's long-term strategic holdings. We also believe that
the newly created FG Financial Holdings LLC structure will
streamline our reporting and should align the interests of
Fundamental Global's stakeholders."
Fundamental Global®
Fundamental Global® is a private partnership focused on
long-term strategic holdings. Fundamental Global® was co-founded by
former T. Rowe Price, Point72 and
Tiger Cub portfolio manager Kyle
Cerminara and former Chairman and CEO of TD Ameritrade,
Joe Moglia. Its current holdings
include FG Financial Group Inc. (Nasdaq:FGF), (NASDAQ: FGFPP),
Ballantyne Strong Inc. (NYSE American:BTN), BK Technologies Corp.
(NYSE American:BKTI), GreenFirst Forest Products, Inc. (TSX:GFP),
FG Merger Corp. (Nasdaq:FGMC), FG Acquisition Corp. (TSX:FGAA),
OppFi Inc. (NYSE:OPFI), and Hagerty Inc. (NYSE:HGTY).
CONTACT:
Kyle
Cerminara, Chief Executive Officer
Kyle@fundamentalglobal.com
SOURCE: Fundamental Global
View original
content:https://www.prnewswire.com/news-releases/fundamental-global-purchases-additional-shares-of-fg-financial-group-inc-nasdaq-fgf-nasdaq-fgfpp-301675938.html
SOURCE Fundamental Global