Fundamental Global Inc. - FGF STOCK NEWS

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced the retirement of Chief Financial Officer John S. Hill, effective August 6, with Hassan R. Baqar succeeding him. Baqar brings over 20 years of financial services experience, particularly in reinsurance and SPACs. Additionally, Brian Bottjer has been appointed Chief Accounting Officer. CEO Larry Swets expressed gratitude for Hill's contributions and confidence in the new leadership, highlighting Baqar's extensive expertise that is expected to benefit the firm’s growth and strategic initiatives.

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced the completion of its business combination with OppFi through FG New America Acquisition Corp. (FGNA). The stockholders approved the deal on July 16, 2021, and it closed on July 20, 2021. OppFi now trades under the ticker symbols 'OPFI' and 'OPFI WS.' FG Financial holds 861,690 Class A shares and 358,419 warrants of OppFi. CEO Larry Swets expressed optimism about OppFi's growth and profitability, emphasizing opportunities for capital allocation to SPAC-related businesses.

FG Financial Group, Inc. (Nasdaq: FGF, FGFPP) announced a new reinsurance contract by its subsidiary, FG Reinsurance Ltd (FGRe), with a leading Insurtech firm specializing in automotive insurance. This marks FGRe's second contract since its launch in June 2020. The contract involves limiting maximum exposure through a loss cap, with pricing determined by an FCAS accredited actuary. CEO Tom Heise expressed confidence in meeting internal return targets, while CEO Larry Swets highlighted the contract's unique structure and strategic fit.

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) will be included in the Russell Microcap® Index after the annual reconstitution on June 28, 2021. This inclusion reflects the company's strategy focused on capital allocation in reinsurance and SPAC ventures, potentially increasing investor awareness and shareholder value. The Russell Microcap® Index is widely recognized among institutional investors, with approximately $10.6 trillion in assets benchmarked to Russell indexes, indicating significant market influence.

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) has closed its public offering of 194,580 shares of 8.0% Series A Cumulative Preferred Stock, raising $4.86 million before commissions. This offering included the full exercise of underwriters' over-allotment options. ThinkEquity served as the sole book-running manager. The offering was facilitated under an effective shelf registration statement with the SEC, with details filed on May 19, 2021. FG Financial Group is engaged in reinsurance and investment management, focusing on opportunistic and collateralized strategies.

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP) announced the pricing of its public offering of 169,200 shares of 8.0% Series A Cumulative Preferred Stock at $25.00 per share, generating gross proceeds of $4,230,000. A 45-day option for underwriters to purchase up to 25,380 additional shares is also included. The offering is set to close on May 21, 2021, subject to customary conditions. ThinkEquity is the sole book-running manager, with further details available in their prospectus, filed with the SEC.

FG Financial Group, Inc. (FGF) reported a net loss of $(0.3) million, or $(0.06) per diluted share, for Q1 2021, significantly improving from a net loss of $(8.6) million in Q1 2020. The company's investment portfolio grew over 32% from the prior quarter, bolstered by a $3.6 million unrealized gain in FG New America Acquisition Corp. The firm also paid its 12th consecutive Series A Preferred Share dividend of $0.35 million. Despite non-cash losses of $1.9 million from FedNat Holdings, total shareholders’ equity reached $35.7 million as of March 31, 2021.

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. This dividend applies to the period from March 15, 2021, to June 14, 2021, and will be paid on June 15, 2021, to shareholders on record as of June 1, 2021. The Preferred Stock is traded under the symbol FGFPP. The company focuses on opportunistic collateralized and loss capped reinsurance and invests in SPAC-related businesses.

FG Financial Group, Inc. (Nasdaq: FGF) has announced the successful IPO of its first SPAC Platform investment, Aldel Financial (NYSE: ADF.U). Led by Rob Kauffman, Aldel targets companies exiting restructuring processes. FGF's investment in Aldel includes potential ownership of approximately 551,000 founder shares and 321,000 warrants at a $15 exercise price. This investment aligns with FGF’s SPAC strategy and highlights their team's extensive SPAC experience, anticipating further similar investments.