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FG Financial Group, Inc. Announces Closing of Public Offering, Including Full Exercise of Underwriters’ Over-allotment Option
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- FG Financial Group, Inc. (NASDAQ: FGF, FGFPP), today announced the closing of its previously announced public
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[{"type":"text","content":" ST. PETERSBURG, Fla.--(BUSINESS WIRE)--\nFG Financial Group, Inc. (NASDAQ: FGF, FGFPP), today announced the closing of its previously announced public offering of 194,580 shares of its 8.0% Series A Cumulative Preferred Stock at a public offering price of $25.00 per share, for gross proceeds of $4,864,500, before deducting underwriting commissions and offering expenses. This includes the exercise in full by the underwriters of their over-allotment option to purchase up to an additional 25,380 shares.\n\nThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering.\n\nThe offering was 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 on May 19, 2021. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may be obtained on the SEC’s website, www.sec.gov, or from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at [email protected].\n\nThis press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.\n\nFG Financial Group, Inc.\n\nFG Financial Group, Inc. is a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses. The Company’s principal business operations are conducted through its subsidiaries and affiliates.\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by ...