Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation
Mooresville, NC, May 06, 2024 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq:FGF, FGFPP) (“Fundamental Global”) today announced that its 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”).