Fundamental Global Inc. - FGF STOCK NEWS

FG Financial Group, Inc. (Nasdaq:FGF) reported fourth-quarter and full-year results for 2021, showing a net loss of $3.8 million for Q4, compared to a loss of $2.4 million in Q4 2020. For the full year, the net loss was $10.2 million, an improvement from $23.9 million in 2020. Net premiums earned rose to $2.6 million, up from $0 a year ago. The company successfully executed investments in SPACs, including Hagerty and OppFi. It maintains a strong balance sheet with cash and investments valued at $31 million and total equity of $34 million.

FG Financial Group, Inc. has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A, for the period from December 15, 2021 to March 14, 2022.

The dividend is payable on March 15, 2022, to shareholders on record as of March 1, 2022. This announcement reflects the company’s focus on opportunistic reinsurance and investment management strategies.

FG Financial Group (Nasdaq: FGF, FGFPP) announced that its SPAC partner, Aldel Financial, has successfully merged with Hagerty, a well-known automotive insurance provider. The merger was approved by Aldel’s stockholders on December 1, 2021, and Hagerty began trading under the ticker HGTY on December 3, 2021. FG Financial holds approximately 533,000 common shares and 321,000 warrants of Hagerty, valued at $15 each. The company views this merger positively, anticipating growth in the automotive insurance market as Hagerty insures about 2 million vehicles globally.

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock for the period from September 15, 2021 to December 14, 2021. The dividend is payable on December 15, 2021 to shareholders of record as of December 1, 2021. The company focuses on opportunistic reinsurance and investment management, alongside capital allocation in SPAC-related ventures.

FG Financial Group (Nasdaq:FGF) reported results for Q3 and nine months ending September 30, 2021, highlighting a decrease in net loss to $5.4 million, or ($1.08) per share, from a loss of $9.9 million year-over-year. Net premiums earned increased to $1.1 million, indicating growth in their insurance sector, while unrealized gains from private investments reached $4.98 million. The company successfully completed a business combination with OppFi and announced Aldel Financial's merger with Hagerty, expected to list under ticker HGTY. The firm also maintained its dividend on Series A Preferred Shares for the 14th consecutive quarter.

FG Financial Group (NASDAQ: FGF) has announced the start of its rights offering, allowing current common stockholders to buy additional shares. Stockholders will receive one non-transferable subscription right to acquire 0.15 shares at $4.00 each for every share held as of 5:00 p.m. ET on October 25, 2021. The offering aims to raise approximately $3.0 million, with proceeds allocated for working capital. Subscription rights must be exercised by 5:00 p.m. ET on November 29, 2021. The offering details will be included in a prospectus filed with the SEC on October 29, 2021.

FG Financial Group, Inc. (NASDAQ: FGF) has successfully closed a public offering of 652,174 shares of common stock at $4.00 per share, raising approximately $2.6 million in gross proceeds. The underwriters were granted a 45-day option to purchase an additional 97,826 shares. The offering was executed under an effective registration statement filed with the SEC, and the final prospectus was posted on October 27, 2021. The funds raised are intended to support the Company's operations in reinsurance and investment management.

FG Financial Group, Inc. (NASDAQ: FGF) has priced its underwritten public offering of 652,174 shares of common stock at $4.00 per share, aiming for gross proceeds of $2,608,696. The offering includes a 45-day option for underwriters to purchase up to an additional 97,826 shares to cover over-allotments. The expected closing date is October 28, 2021. ThinkEquity is the sole book-running manager for the offering, which is conducted under a registration statement filed with the SEC.

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced a business combination agreement between its SPAC partner Aldel Financial and Hagerty, an automotive insurance platform. Post-transaction, Aldel will be renamed Hagerty, Inc. and traded on the NYSE under ticker HGTY. FG Financial holds approximately 533,000 shares and 321,000 warrants of Aldel. CEO Larry Swets, Jr. expressed optimism regarding the merger, highlighting Hagerty's growth potential in the automotive market.