June 13, 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. ThinkMarkets provides its customers with access to over 10,000 CFDs, including but not limited to, equities, currencies, precious metals, indices, commodities, ETFs and other trading products. The business combination would result in ThinkMarkets launching as a public company listed on the Toronto Stock Exchange.
“This transaction reflects the broadening business strategy of our merchant banking platform which we created last year with the vision to productively collaborate with companies to develop extraordinary businesses and frame value-creating structures at all points in their lifespans. ThinkMarkets is growing quickly with over 10,000 CFD products to 138,500 clients in 165 countries. The capital from this business combination will support the continued expansion of the business which is well positioned to drive margin expansion as it scales. We look forward to continuing to evaluate and selectively deploying capital in unique investments such as this.” — Kyle Cerminara, FG Financial Group Chairman and Fundamental Global CEO
Read the complete press release here.
