TORONTO, June 4, 2024
/CNW/ - FG ACQUISITION CORP. (TSX: FGAA.U)
(TSX: FGAA.WT.U) (the "Corporation") announced today
that, following receipt of approval by the holders of its class A
restricted voting shares, the board of directors has approved that,
effective as of the date hereof, the date by which the Corporation
has to consummate its qualifying acquisition will be extended from
July 5, 2024 to November 5, 2024 (the "Extension").
In connection with the Extension, the Corporation will redeem
97,500 class A restricted voting shares that have been deposited
for redemption in connection therewith, at a redemption price of
approximately US$10.7134005119 per
share.
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+ at www.sedarplus.ca.
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.