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-0.00398406374502001 -0.0119521912350599 -0.00796812749003985 -0.0119521912350599 -0.0159362549800797 0.0159362549800797 0.0159362549800797 0
Stock impact report

Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation [Yahoo! Finance]

Strong Global Entertainment, Inc. Class A Common Voting Shares (SGE) 
Company Research Source: Yahoo! Finance
majority owned subsidiary, Strong Global Entertainment, Inc. (NYSE: SGE) (“Strong Global”) has announced the proposed acquisition (the “MDI Acquisition”) of Strong/MDI Screen Systems, Inc. (“MDI”) by FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) (“FGAC”), a special purpose acquisition company (“FGAC”), pursuant to an acquisition agreement (the “Acquisition Agreement”) dated May 3, 2024 between FGAC, Strong Global, MDI, FGAC Investors LLC and CG Investments VII Inc. FGAC will change its name on closing of the MDI Acquisition (“Closing”) to Saltire Holdings, Ltd. (“Saltire”). Kyle Cerminara, Chief Executive Officer of Fundamental Global commented, “We are excited to announce the launch of Saltire Holdings with FGAC's acquisition of Strong/MDI. We recently announced the sale of our Digital Ignition business, and the proposed sale of MDI is aligned with our strategic objectives at Fundamental Global. For MDI, being part of Saltire is expected to provide greater access to the Canadian fi Show less Read more
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