Business
FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Has Completed Business Combination with iCoreConnect
ITASCA, IL--(BUSINESS WIRE)-- FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger
About this update from Fg Merger Ii Corp.
[{"type":"text","content":" ITASCA, IL--(BUSINESS WIRE)--\nFG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), today announced that its Merchant Banking platform company, FG Merger Corp. (FG Merger) (Nasdaq: FGMC), has completed its previously announced business combination with iCoreConnect Inc. (Nasdaq: ICCT), a market leading, cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services. FG Financial is a reinsurance and asset management holding company focused on collateralized and loss-capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors.\n\n\nThe business combination was approved by FG Merger’s stockholders at a meeting held on August 18, 2023. FG Merger now operates as iCoreConnect Inc. and began trading on the Nasdaq Capital Market under the ticker “ICCT” on Monday, August 28, 2023.\n\n\nFG Financial Group has beneficial ownership of approximately:\n\n\n\n220,000 common shares of iCoreConnect,\n\n\n\n650,000 convertible preferred shares of iCoreConnect, and\n\n\n\n1 million warrants exercisable into convertible preferred shares of iCoreConnect.\n\n\n\nFG Financial Group’s CEO Larry Swets, Jr. commented, “We are pleased with FG Merger’s closing of this business combination with iCoreConnect, a market leading software company with an attractive, scalable business model positioned to take advantage of healthcare industry tailwinds. This is the third completed De-SPAC that FG Financial platform companies have concluded, and we remain dedicated to continuing to find unique opportunities to allocate capital within our Merchant Banking platform.”\n\n\niCoreConnect, Inc. is a market leading, cloud-based software and technology company focused on increasing workflow productivity and practice profitability through its enterprise and healthcare workflow platform of applications and services. iCoreConnect is most notably known for its innovation in solving healthcare business problems. The company’s philosophy places a high value on customer feedback, allowing iCoreConnect to respond to the market’s needs. iCoreConnect touts a platform of 16 SaaS enterprise solutions and mo...