Welcome to our dedicated page for Fundamental Global news (Ticker: FGF), a resource for investors and traders seeking the latest updates and insights on Fundamental Global stock.
Fundamental Global Inc. (Nasdaq: FGF, FGFPP) generates a wide range of company news tied to its role as a multi-business holding company and its announced transformation toward an Ethereum-focused treasury strategy. News items cover its activities in reinsurance, asset management, merchant banking, managed services, and digital asset initiatives, giving investors insight into both legacy operations and new strategic directions.
Recent press releases describe the company’s plans to change its name to FG Nexus Inc., adopt new ticker symbols, and implement an Ethereum Treasury Strategy in which Ethereum (ETH) is intended to serve as its primary treasury reserve asset. News coverage includes details of a large private placement of prefunded common stock warrants, a filed shelf registration statement, and the company’s stated goal of becoming a premier Ethereum pure-play treasury company that acquires, stakes, and restakes ETH to enhance yield and access Ethereum-powered finance, including tokenized real-world assets and stablecoin-related opportunities.
Fundamental Global also issues news about its traditional finance activities, such as quarterly and annual financial results, reinsurance operations, managed services performance, and asset sales or mergers. Releases have highlighted the reverse merger with FG Group Holdings Inc., the sale of Strong/MDI Screen Systems, Inc., the launch of Saltire Capital Ltd. as a Canadian public company, and the formation of FG CVR Trust to hold legacy non-core assets for the benefit of common shareholders via Contingent Value Rights.
In addition, the company regularly announces cash dividends on its 8.00% Cumulative Preferred Stock, Series A (FGFPP), and merchant banking developments, including SPAC-related transactions for Aldel Financial II Inc. and FG Merger II Corp. Investors and analysts can use the FGF news feed to follow these capital markets events, structural changes, and strategic updates in one place.
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FG Financial Group (Nasdaq: FGF) reported strong growth for 2022, with net premiums earned rising to $13.0 million from $4.9 million in 2021. The fourth quarter saw net premiums increase to $3.2 million, up from $2.6 million. Net investment income also improved significantly, reaching $6.8 million for the year, up from $2.5 million. The company maintained its record of paying the 8% Series A Preferred Share dividend, marking the 19th consecutive quarter of full payments. Despite a net loss of $0.70 million for the year, this reflects substantial improvement from a loss of $10.2 million in 2021.
FG Financial Group, Inc. (Nasdaq: FGF) has declared a quarterly cash dividend of
FG Financial Group has announced the formation of Craveworthy LLC, a new restaurant brand platform, in partnership with former Jimmy John's CEO Gregg Majewski. This initiative is the second project under FG Financial's recently launched Merchant Banking division. The initial platform will include four brands: Wing It On!, Krafted Burger + Tap, The Budlong Hot Chicken, and The Lucky Cat Poke Company, featuring six owned and thirteen franchise locations, with an additional eighteen franchises in development. The focus is on expanding royalty and franchise fee revenue while exploring further acquisition opportunities.
FG Financial Group, Inc. (Nasdaq: FGF) announced the formation of a reinsurance sidecar, FG Re Investors I LLC, via its subsidiary FG Reinsurance Ltd, aiming to enhance its reinsurance portfolio. This initiative will attract third-party investor capital and is supported by Castle Placement, LLC as the exclusive placement agent. CEO Larry Swets highlighted the strong reinsurance market, while Chairman Kyle Cerminara noted the potential for new revenue streams via fee income from the existing platform.
FG Financial Group (Nasdaq: FGF) has launched FG Communities, a new venture aimed at improving affordable housing. This initiative is a result of a partnership with Fundamental Global, marking the first project under FG Financial's new Merchant Banking division. FG Communities currently owns four manufactured housing communities and is actively seeking additional properties. CEO Michael Anise emphasizes the strong demand for affordable housing, while Kyle Cerminara from Fundamental Global expresses optimism about future growth.
FG Financial Group (Nasdaq: FGF) reported substantial growth in its reinsurance segment for Q3 2022, with net premiums earned rising to $4.4 million from $1.1 million year-over-year. Additionally, net investment income improved to $11.2 million, up from a loss of $1.3 million in the same period last year. The company also launched a merchant banking platform, expanding its strategic focus. Despite a net loss of $0.4 million for the nine-month period, shares delivered a profit of $1.05 per diluted share for Q3.
FG Financial Group, Inc. (Nasdaq: FGF) has announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. The dividend pertains to the period from September 15, 2022 to December 14, 2022, and is payable on December 15, 2022, to shareholders of record as of December 1, 2022. The company focuses on reinsurance and asset management, partnering with Fundamental Global and strategic investors to allocate capital effectively.
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