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Fundamental Global Inc. (FGFPP) provides comprehensive property/casualty insurance solutions and asset management services, specializing in weather-affected regions. This news hub offers investors and industry professionals centralized access to official updates and market developments.
Track critical information including quarterly earnings, strategic acquisitions, and leadership updates. Our curated collection features regulatory filings, underwriting innovations, and reinsurance program changes affecting Louisiana, Texas, and other key operational markets.
Discover timely updates on Maison Insurance Company initiatives, investment portfolio adjustments, and risk management framework enhancements. Content is organized chronologically for efficient research into the company's diversified holding structure and market positioning.
Bookmark this page for direct access to FGFPP's latest financial communications and operational milestones. Verify information through original source links and SEC filings while monitoring emerging trends in specialized insurance markets.
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.
Fundamental Global and Strong Global Entertainment have announced a definitive plan to merge in an all-stock transaction, effective mid-2024. Shareholders of Strong Global will receive 1.5 shares of Fundamental Global for each Strong share. The merger, endorsed by both companies' boards, aims to consolidate operations, cut costs, and enhance efficiency. Key figures include Kyle Cerminara from Fundamental Global and Mark Roberson from Strong Global Entertainment. The transaction awaits customary closing conditions and shareholder approval. Detailed information will be filed with the SEC and made accessible to stakeholders.
Fundamental Global has announced a quarterly cash dividend for its 8.00% Cumulative Preferred Stock, Series A (ticker: FGFPP). The dividend amount is $0.50 per share, covering the period from March 15, 2024, to June 14, 2024. Eligible shareholders, those on record by June 1, 2024, will receive the dividend on June 15, 2024. The company, listed on Nasdaq under the symbols FGF and FGFPP, engages in reinsurance, asset management, merchant banking, manufacturing, and managed services. This announcement reflects the company's ongoing commitment to providing returns to its investors.
Fundamental Global Inc. (Nasdaq: FGF, FGFPP) announced its first quarter 2024 financial results, reflecting the merger with FG Group Holdings. Revenue increased by $2.1 million, or 31.6%, to $8.6 million due to higher demand for Strong Entertainment's screen products. Total expenses rose by $3.9 million or 36.3%, leading to a net loss of $4.3 million, or ($0.26) per share. The company saw a notable increase in total assets to $110.3 million and stockholders’ equity to $66.4 million as of March 31, 2024. Dividends paid on the 8% Series A Preferred Stock totaled $0.4 million. Moving forward, the company aims to reduce costs and focus on scalable, high-ROIC businesses.
Fundamental Global Inc. announced the acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 million valuation. The MDI Acquisition will benefit both companies by unlocking the value of the investment in MDI and providing access to the Canadian financial markets. FGAC will change its name to Saltire Holdings, upon closing of the deal.
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