Fundamental Global Inc. Stock Price, News & Analysis

Fundamental Global Inc. (FGF) reported its Q4 and full-year 2024 results, highlighting significant organizational restructuring. The company completed three merger transactions and monetized real estate holdings, while driving improvements in managed services. Total assets increased to $109.5 million, up $47.3 million from 2023, with stockholders' equity rising to $74.2 million.

Revenue grew 1.5% to $17.3 million for the year, with managed services revenue increasing 20.7% to $32.0 million. The company reduced its net loss to shareholders to $2.6 million from $14.1 million, primarily due to a $21.8 million gain from the Strong/MDI sale. The company maintains a strong balance sheet with nominal long-term debt of $2.4 million, down $5.4 million from 2023.

Fundamental Global Inc. (Nasdaq: FGF) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A (FGFPP) for the period from December 15, 2024, to March 14, 2025. The dividend will be paid on March 17, 2025, to shareholders of record as of March 3, 2025.

The company operates in diverse business sectors including reinsurance, asset management, merchant banking, and managed services. The Preferred Stock is currently listed on the Nasdaq Stock Market under the symbol 'FGFPP'.

Fundamental Global (Nasdaq: FGF) has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A (FGFPP). The dividend covers the period from September 15, 2024, to December 14, 2024, and will be paid on December 15, 2024, to shareholders of record as of December 1, 2024. The Preferred Stock is listed on the Nasdaq Stock Market under the symbol 'FGFPP'.

Fundamental Global Inc. (FGF) reported Q3 2024 results showing significant operational changes. Revenue increased 155.8% to $10.5 million, driven by $4.3 million in reinsurance premium revenue and $2.2 million growth in managed services. The company reported net income of $17.7 million, primarily due to a $21 million gain from Strong/MDI sale. Balance sheet shows $116 million in total assets, including $68 million in equity holdings, and $83 million in stockholders' equity. The company completed several strategic transactions, including mergers with FG Group Holdings and Strong Global Entertainment, while reducing debt to $2.7 million.

Fundamental Global Inc. (Nasdaq: FGF) announces that its merchant banking client, Aldel Financial II, has completed a $230 million initial public offering. Aldel Financial II is a special purpose acquisition company led by Robert Kauffman, former co-founder of Fortress Investment Group. Following the IPO, Fundamental Global's holding position includes 203,571 Class B Ordinary Shares, 28,170 Private Units (comprising 28,170 Class A common shares and 14,085 $11.50 5-year warrants), and 33,044 $15.00 10-year warrants.

Fundamental Global (Nasdaq: FGF) announced a 1-for-25 reverse stock split effective October 31, 2024. Trading on split-adjusted basis will begin November 1, 2024, under the same symbol 'FGF'. The split will reduce outstanding shares from approximately 31.4 million to 1.3 million and authorized shares from 100 million to 4 million. Stockholders' ownership percentages will remain unchanged, with fractional shares rounded up. The split affects exercise prices of options and restricted stock units proportionally. Broadridge Financial Solutions serves as transfer agent and exchange agent.

Fundamental Global Inc. (Nasdaq: FGF, FGFPP) has successfully completed its combination with Strong Global Entertainment, Inc. (NYSE: SGE). The transaction, which received over 99% approval from Strong Global shareholders, involves Strong Global Entertainment shareholders receiving 1.5 common shares of Fundamental Global for each common share held.

This combination is part of Fundamental Global's strategic efforts to streamline operations, reduce costs, and enhance liquidity. CEO Kyle Cerminara highlighted that this transaction, along with the recent sale of Strong/MDI to Saltire Holdings, represents significant progress in their strategic initiatives.

Fundamental Global Inc. operates in diverse business sectors including reinsurance, asset management, merchant banking, and managed services.

Fundamental Global Inc. (Nasdaq: FGF), formerly FG Financial Group, Inc., has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A. The dividend is set at $0.50 per share for the period from June 15, 2024, to September 14, 2024. Payment is scheduled for September 15, 2024, to shareholders of record as of September 1, 2024. The Preferred Stock trades on Nasdaq under the ticker symbol 'FGFPP'. Fundamental Global Inc. operates in diverse sectors including reinsurance, asset management, merchant banking, manufacturing, and managed services.

Fundamental Global Inc. (Nasdaq: FGF, FGPP) reported its Q2 2024 financial results, highlighting strategic moves and operational changes. The company, formed from the merger of FG Financial and FG Group Holdings, announced over $4 million in annual cost savings and plans for additional reductions. Key financial highlights include:

- Total assets increased to $98.4 million, up $36.3 million from December 31, 2023
- Stockholders' equity rose to $60.4 million, a $23.4 million increase
- Short- and long-term debt decreased by $4.7 million to $3.1 million
- Strong Global Entertainment revenue grew 18.7% to $8.1 million
- Reinsurance business generated $3.7 million in premium revenue
- Asset management reported $4.0 million in investment losses

The company is focusing on streamlining operations and pursuing high-growth opportunities through strategic transactions.