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FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

Retrieved on: 
Thursday, August 10, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on June 15, 2023, and ending on September 14, 2023.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on June 15, 2023, and ending on September 14, 2023.
  • The dividend is payable on September 15, 2023, to holders of record on September 1, 2023.
  • The Preferred Stock is currently listed on the Nasdaq Stock Market and trades under the ticker symbol “FGFPP”.
  • In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature.

FG Financial Group, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the second quarter and six months ended June 30, 2023.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the second quarter and six months ended June 30, 2023.
  • This quarter, FG Acquisition Corp. announced a business combination with ThinkMarkets, an online and leveraged trading multi-asset brokerage with established global partnerships and a scalable business model.
  • We look forward to continuing to execute our strategy in 2023 and beyond as we identify opportunities with the aim of building long-term shareholder value.”
    FG Financial Group’s 2023 second quarter and six-month financial results included:
    Net reinsurance premiums earned increased to $3.7 million for the three months ended June 30, 2023, from $3.0 million in the second quarter of the prior year.
  • As of June 30, 2023, FG Financial Group’s key balance sheet items included:
    Cash and cash equivalents of $3.0 million.

FG Financial Group Announces Closing of Public Offering

Retrieved on: 
Friday, June 2, 2023

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 129,750 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.

Key Points: 
  • In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 129,750 shares of common stock to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions.
  • The Company intends to use the proceeds from the offering primarily for general working capital purposes.
  • The offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”).
  • The final prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at http://www.sec.gov .

FG Financial Group Announces Pricing of Public Offering

Retrieved on: 
Wednesday, May 31, 2023

In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 129,750 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments.

Key Points: 
  • In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 129,750 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments.
  • The offering is expected to close on June 2, 2023, subject to satisfaction of customary closing conditions.
  • The Company intends to use the net proceeds from the offering primarily for general working capital purposes.
  • A prospectus supplement and accompanying prospectus describing the terms of the offering will be filed with the SEC on its website at www.sec.gov .

FG Financial Group’s Reinsurance Division Achieving Strong Financial Performance; Expects Growing Fee Revenue in 2023

Retrieved on: 
Tuesday, May 30, 2023

Furthermore, the company has focused on growing its fee-based revenue and expects to realize its first fees through its FG RE Solutions unit in 2023.

Key Points: 
  • Furthermore, the company has focused on growing its fee-based revenue and expects to realize its first fees through its FG RE Solutions unit in 2023.
  • As previously reported on May 12, 2023, FG Financial’s reinsurance division achieved net premiums earned of $3.7 million for the first quarter of 2023.
  • This growth, along with disciplined underwriting, drove strong net underwriting profit at the reinsurance division to over $1 million in the first quarter of 2023.
  • The Company has in place and or is currently negotiating opportunities that could yield up to $1 million in fee revenue in 2023.

FG Financial Group, Inc. Merchant Banking Platform Company FG Acquisition Corp. Announces Business Combination Agreement with ThinkMarkets

Retrieved on: 
Monday, May 22, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its merchant banking platform partner FG Acquisition Corp. (TSX: FGAA.U) (TSX: FGAA.WT.U) has entered into a business combination agreement with ThinkMarkets, one of the fastest growing online and leveraged trading multi-asset brokerages globally.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its merchant banking platform partner FG Acquisition Corp. (TSX: FGAA.U) (TSX: FGAA.WT.U) has entered into a business combination agreement with ThinkMarkets, one of the fastest growing online and leveraged trading multi-asset brokerages globally.
  • The business combination would result in ThinkMarkets launching as a public company listed on the Toronto Stock Exchange.
  • Details of the transaction are included in the FG Acquisition Corp. press release available here .
  • Larry Swets, Jr., FG Financial Group’s CEO and Chairman of FG Acquisition Corp., commented, “This business combination closely aligns with the long-term strategy of FG Financial’s growing merchant banking platform.

FG Financial Group, Inc. Reports First Quarter 2023 Financial Results

Retrieved on: 
Friday, May 12, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the first quarter ended March 31, 2023.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the first quarter ended March 31, 2023.
  • FG Financial Group CEO Larry Swets, Jr. commented, “We are off to a strong start in 2023 with growth across both our merchant banking and reinsurance platform.
  • We look forward to continuing to drive growth across the FG platform and building long-term shareholder value.”
    FG Financial Group’s 2023 first quarter financial results included:
    Net reinsurance premiums earned increased to $3.7 million for the three months ended March 31, 2023, from $2.5 million in the first quarter of the prior year.
  • As of March 31, 2023, FG Financial Group’s key balance sheet items included:
    Cash and cash equivalents of $4.3 million.

FG Financial Group, Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A

Retrieved on: 
Friday, May 12, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2023, and ending on June 14, 2023.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that it has declared a quarterly cash dividend on its 8.00% Cumulative Preferred Stock, Series A (the “Preferred Stock”), for the period commencing on March 15, 2023, and ending on June 14, 2023.
  • The dividend is payable on June 15, 2023, to holders of record on June 1, 2023.
  • The Preferred Stock is currently listed on the Nasdaq Stock Market and trades under the ticker symbol “FGFPP”.
  • In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature.

New Trefoil Therapeutics’ Data Presented at ARVO Demonstrate that TTHX1114 Controls Edema in At-Risk Patients Undergoing Cataract Surgery

Retrieved on: 
Monday, April 24, 2023

Across all patients, TTHX1114 produced a dose-dependent response in resolution of corneal edema and improvement of best corrected visual acuity (BCVA) following surgery.

Key Points: 
  • Across all patients, TTHX1114 produced a dose-dependent response in resolution of corneal edema and improvement of best corrected visual acuity (BCVA) following surgery.
  • The proportion of patients with complete resolution of corneal edema in the high-dose groups at 28 days after surgery was similar in patients with DSO vs. those with DSO and cataract surgery (25.9% vs 17.4%).
  • It is exciting to see TTHX1114 perform well in controlling post-surgical edema in at-risk patients undergoing cataract surgery,” said Eveleth.
  • However, visual outcomes for patients undergoing DSO did not appear to be adversely affected by concurrent cataract surgery.

FG Financial Group, Inc. Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Friday, March 24, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the fourth quarter and full year ended December 31, 2022.

Key Points: 
  • FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced results for the fourth quarter and full year ended December 31, 2022.
  • Our new merchant banking division, launched in the third quarter of 2022, already has multiple attractive businesses on the platform.
  • Finally, the SPAC FG Merger Corp. announced a business combination with iCoreConnect, a cloud-based software and technology company in the healthcare space.”
    FG Financial Group Chairman Kyle Cerminara added, “FG Financial made great progress in 2022.
  • As of December 31, 2022, FG Financial Group’s key balance sheet items included:
    Cash and cash equivalents of $3.0 million.