TORONTO, Dec. 7, 2023
/CNW/ - FG ACQUISITION CORP. (TSX: FGAA.U) (TSX: FGAA.WT.U)
(the "Corporation") and Think Financial Group Holdings
Limited ("ThinkMarkets") announce today that they have
mutually agreed to terminate the previously announced business
combination agreement dated May 12,
2023, which was entered into in connection with the
Corporation's proposed business combination transaction with
ThinkMarkets.
The Corporation continues to evaluate other opportunities to
consummate a qualifying acquisition prior to July 5, 2024, the date by which the Corporation
has to consummate a qualifying acquisition, as approved by the
Corporation's shareholders at the special meeting of shareholders
held on June 29, 2023.
"We wish ThinkMarkets well in their future endeavors. With our
robust merchant banking activities in both Canada and the
United States, we look forward to pursuing a new target for
the Corporation in the days and weeks ahead," stated Kyle Cerminara, Chair of the Corporation's
board, and Larry Swets, Chief
Executive Officer.
"We would like to thank the team at FG for the opportunity
provided. We are looking forward to 2024 and expanding on our long
term growth strategy and objectives," stated Nauman Anees, CEO and Co-Founder of
ThinkMarkets.
About FG Acquisition Corp.
FG Acquisition Corp. is a special purpose acquisition company
incorporated under the laws of the Province of British Columbia for the purpose of effecting
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 that will qualify as
its "qualifying acquisition". For more information regarding the
Corporation, see the Corporation's most recent annual information
form, financial statements, management's discussion & analysis
and other continuous disclosure documents periodically filed on
SEDAR+.
Forward‐Looking Statements
This press release may contain forward‐looking information
within the meaning of applicable securities legislation, which
reflects the Corporation's current expectations regarding future
events. Forward‐looking information is based on a number of
assumptions and is subject to a number of risks and uncertainties,
many of which are beyond the Corporation's control, that could
cause actual results and events to differ materially from those
that are disclosed in or implied by such forward‐looking
information. The Corporation does not undertake any obligation to
update such forward‐looking information, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
SOURCE FG Acquisition Corp.