TORONTO, June 29,
2023 /CNW/ - FG ACQUISITION CORP. (TSX:
FGAA.U) (TSX: FGAA.WT.U) (the "Corporation") announced today
that all the resolutions put to shareholders at the Corporation's
special meeting of shareholders (the "Meeting") held
virtually on June 29, 2023, were
approved. The Meeting was held in connection with the Corporation's
proposed qualifying acquisition with Think Financial Group Holdings
Limited (the "Qualifying Acquisition").
The Corporation announced that (a) the resolution to amend the
Notice of Articles and Articles of Corporation, in one or more
amendments, to: (i) provide that the Class B shares of the
Corporation automatically convert into common shares, rather than
proportionate voting shares, upon closing of the Qualifying
Acquisition; (ii) create a class of preferred shares, issuable in
series; and (iii) remove the Class A restricted voting shares,
Class B shares and proportionate voting shares of the Corporation,
and (b) the resolution to authorize the board of directors to adopt
an omnibus incentive plan, were each approved by the affirmative
vote of 88.9% and 87.2%, respectively, of the votes
represented at the Meeting. Each of the foregoing resolutions
are conditional upon closing of the Qualifying Acquisition. In
addition, the resolution to extend the date by which the
Corporation has to consummate a qualifying acquisition from
July 5, 2023 to July 5, 2024 was approved by the affirmative vote
of 97.3% of the votes represented by the holders of the Class
A restricted voting shares of the Corporation at the Meeting.
A copy of the complete report on voting at the Meeting 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.
