TORONTO, Nov. 8, 2023
/CNW/ - FG ACQUISITION CORP. (TSX: FGAA.U) (TSX: FGAA.WT.U)
(the "Corporation" or "FGAC"), announced today
that it has withdrawn its preliminary non-offering prospectus dated
May 12, 2023 (the
"Prospectus") with respect to its proposed business
combination transaction (the "Qualifying Acquisition") with
Think Financial Group Holdings Limited ("Think
Financial").
Although the Corporation and Think Financial continue to work
diligently towards completion of the Qualifying Acquisition, the
Corporation will be unable to file its final prospectus within 180
days of the original filing date of the Prospectus and as a result
will be required to refile the Prospectus. As such, the Corporation
is withdrawing the Prospectus and intends to re-file a new
Prospectus as soon as it is able, which will contain details of the
Qualifying Acquisition, and continue pursuing the Qualifying
Acquisition with Think Financial.
About FG Acquisition
Corp.
FG Acquisition Corp. is a special purpose acquisition company
incorporated under the laws of British
Columbia for the purpose of effecting, directly or
indirectly, an acquisition of one or more businesses or assets, by
way of a merger, amalgamation, arrangement, share exchange, asset
acquisition, share purchase, reorganization, or any other similar
business combination involving the Corporation. Kyle Cerminara serves as Chairman, Larry Swets, Jr. serves as Director and Chief
Executive Officer, and Hassan R.
Baqar serves as Director and Chief Financial Officer of the
Corporation. In addition, Robert I.
Kauffman, a former co-founder and Principal of Fortress
Investment Group, serves as a Senior Advisor to the
Corporation.
SOURCE FG Acquisition Corp.