TORONTO, July 5, 2023
/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, 2023 to July 5,
2024 (the "Extension").
In connection with the Extension, the Corporation will redeem
11,398,742 class A restricted voting shares that have been
deposited for redemption in connection therewith, at a redemption
price of approximately US$10.2072499147 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.
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.
