TORONTO, Sept. 14,
2023 /CNW/ - FG ACQUISITION CORP. (TSX:
FGAA.U) (TSX: FGAA.WT.U) (the "Corporation"), its sponsors,
FGAC Investors LLC and CG Investments VII Inc., and Think Financial
Group Holdings Limited ("ThinkMarkets") have entered into a
second amending agreement (the "Second Amending Agreement")
to the previously announced business combination agreement dated
May 12, 2023, as amended by a first
amending agreement dated as of July 25,
2023 (collectively, the "Business Combination
Agreement"), which was entered into in connection with the
Corporation's proposed business combination transaction with
ThinkMarkets (the "Proposed Transaction").
The Corporation also announced that the minimum financing
conditions set forth in the Business Combination Agreement will be
satisfied through a private placement of a combination of
convertible debentures, debt and equity for an aggregate amount of
not less than $10,000,000, subject to
definitive agreements and customary due diligence.
The Second Amending Agreement extends the outside date for
completion of the Proposed Transaction from September 15, 2023 to November 30, 2023, or such other date as the
Corporation and ThinkMarkets may agree in writing. The Second
Amending Agreement has been filed and is available under the
Corporation's profile on SEDAR at www.sedar.com.
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.