Tillkännagivande • Oct 30
Fundamental Global Inc., Annual General Meeting, Dec 19, 2024 Fundamental Global Inc., Annual General Meeting, Dec 19, 2024. Location: 108 gateway blvd, suite 204, mooresville, nc 28117, United States Tillkännagivande • Jun 01
Fundamental Global Inc. (NasdaqGM:FGF) entered into a definitive agreement to acquire remaining 24% stake in Strong Global Entertainment, Inc. (NYSEAM:SGE) for $3.5 million. Fundamental Global Inc. (NasdaqGM:FGF) entered into a definitive agreement to acquire remaining 24% stake in Strong Global Entertainment, Inc. (NYSEAM:SGE) for $3.5 million on May 31, 2024. Upon completion of the arrangement, the stockholders of Strong Global Entertainment will receive 1.5 common shares of Fundamental Global for each share of Strong Global Entertainment.
The plan of arrangement, arrangement agreement, and related transactions (together, the “Transaction”) were recommended by Strong Global Entertainment’s special committee to its Board of Directors and unanimously approved by its independent members. The Transaction was also recommended by Fundamental Global’s special committee to its Board of Directors and unanimously approved by its independent directors. The Transaction is expected to close in mid-2024, subject to customary closing conditions, including any necessary stockholder approval. Tillkännagivande • May 18
Fundamental Global Inc. announced delayed 10-Q filing On 05/16/2024, Fundamental Global Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Mar 15
Fundamental Global Files Form 15 Fundamental Global Inc. has announced that it has filed a Form 15 with the Securities and Exchange Commission to voluntarily deregister its common stock under the Securities Exchange Act of 1934, as amended. The par value of the company's common stock was $0.01 per share. Tillkännagivande • Jan 05
FG Group Holdings Inc. (NYSEAM:FGH) signed a definitive plan of merger to acquire FG Financial Group, Inc. (NasdaqGM:FGF) for $28.7 million in a reverse merger transaction. FG Group Holdings Inc. (NYSEAM:FGH) signed a definitive plan of merger to acquire FG Financial Group, Inc. (NasdaqGM:FGF) for $28.7 million in a reverse merger transaction on January 3, 2024. FG Group Holdings common stockholders will receive one share of FG Financial common stock for each share of common stock of FG Group Holdings held by such stockholder. Upon completion of the merger, the combined company will be renamed to Fundamental Global Inc. and the common stock and Series A cumulative preferred stock of the combined company will continue to trade on the Nasdaq under the tickers “FGF” and “FGFPP,” respectively. It is anticipated that legacy stockholders of FG Group Holdings will own 72% of the outstanding shares of Fundamental Global Inc. common stock and legacy FG Financial common stockholders will own 28% of the outstanding shares of Fundamental Global Inc. common stock following the closing of the transaction. Kyle Cerminara, Chairman of the Board of FG Financial and FG Group Holdings, who will be CEO of the combined company at closing.
The transaction is subject to customary closing conditions, including the approval of the transaction by the stockholders of FG Group Holdings, receipt of consent from the Cayman Islands Monetary Authority, the Form S-4 shall have become effective under the Securities Act of 1933, as amended, Merger shall have been approved for listing on The Nasdaq Stock Market LLC. The plan of merger and transaction was unanimously approved by the independent members of the Board of Directors of each of FG Financial and FG Group Holdings. Additionally, the plan of merger and transaction were approved by the majority stockholder of FG Financial. The transaction is expected to close in early 2024. Vstock Transfer, LLC acted as transfer agent to FG Financial Group. Brian Blaylock of Snell & Wilmer acted as legal advisor to FG Group Holdings. S. Chase Dowden of Holland & Hart LLP acted as legal advisor to FG Financial Group. Reported Earnings • Nov 11
Third quarter 2023 earnings released: US$0.17 loss per share (vs US$0.11 loss in 3Q 2022) Third quarter 2023 results: US$0.17 loss per share (further deteriorated from US$0.11 loss in 3Q 2022). Revenue: US$11.1m (up 8.0% from 3Q 2022). Net loss: US$3.32m (loss widened 51% from 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 10% per year. Tillkännagivande • Oct 27
FG Group Holdings Inc. to Report Q3, 2023 Results on Nov 09, 2023 FG Group Holdings Inc. announced that they will report Q3, 2023 results After-Market on Nov 09, 2023 Tillkännagivande • Oct 19
FG Group Holdings Inc., Annual General Meeting, Dec 06, 2023 FG Group Holdings Inc., Annual General Meeting, Dec 06, 2023, at 10:00 US Eastern Standard Time. Agenda: To elect the seven director nominees named in the Proxy Statement to our Board of Directors until our 2024 Annual Meeting of Stockholders; to ratify the appointment of Haskell & White LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2023; to recommend, on a non-binding advisory basis, the frequency of future advisory votes on the compensation of the Company’s Named Executive Officers; and to transact such other business. Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.27 loss per share (vs US$0.29 loss in 2Q 2022) Second quarter 2023 results: US$0.27 loss per share (improved from US$0.29 loss in 2Q 2022). Revenue: US$18.0m (up 97% from 2Q 2022). Net loss: US$5.27m (loss narrowed 5.8% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 04
FG Group Holdings Inc. to Report Q2, 2023 Results on Aug 10, 2023 FG Group Holdings Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 10, 2023 New Risk • Jul 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Less than 1 year of cash runway based on free cash flow trend (-US$2.8m free cash flow). Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Market cap is less than US$100m (US$33.7m market cap). Reported Earnings • May 16
First quarter 2023 earnings released: US$0.20 loss per share (vs US$0.042 loss in 1Q 2022) First quarter 2023 results: US$0.20 loss per share (further deteriorated from US$0.042 loss in 1Q 2022). Revenue: US$10.1m (flat on 1Q 2022). Net loss: US$3.99m (loss widened 397% from 1Q 2022). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 13
FG Group Holdings Inc. to Report Q1, 2023 Results on May 15, 2023 FG Group Holdings Inc. announced that they will report Q1, 2023 results at 4:00 PM, US Eastern Standard Time on May 15, 2023 Reported Earnings • Mar 17
Full year 2022 earnings released: US$0.37 loss per share (vs US$0.19 profit in FY 2021) Full year 2022 results: US$0.37 loss per share (down from US$0.19 profit in FY 2021). Revenue: US$41.2m (up 53% from FY 2021). Net loss: US$7.15m (down 312% from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Nov 02
Ballantyne Strong, Inc to Report Q3, 2023 Results on Nov 08, 2022 Ballantyne Strong, Inc announced that they will report Q3, 2023 results at 5:00 PM, US Eastern Standard Time on Nov 08, 2022 Tillkännagivande • Oct 21
Ballantyne Strong, Inc, Annual General Meeting, Dec 06, 2022 Ballantyne Strong, Inc, Annual General Meeting, Dec 06, 2022, at 17:00 Eastern Standard Time. Location: Village Tavern located at 4201 Congress Street, Suite 190, Charlotte, North Carolina 28209 Charlotte North Carolina United States Agenda: To elect the seven director nominees named in the Proxy Statement to our Board of Directors until 2023 Annual Meeting of Stockholders; to consider and act upon a non-binding advisory resolution to approve the compensation of our Named Executive Officers, as described in the Proxy Statement; to consider and ratify the appointment of Haskell & White LLP as our independent registered public accounting firm for the fiscal year ending December 31, 2022; to consider and approve the reincorporation of the Company from Delaware to Nevada, which will be accomplished by means of the adoption and approval of an Agreement and Plan of Merger dated as of October 19, 2022 by and between the Company and Ballantyne Strong, Inc., a Nevada corporation and a wholly owned subsidiary of the Company; and to consider the transact such other business as may properly be brought before the Annual Meeting or any adjournment or postponement thereof. Tillkännagivande • Jul 30
Ballantyne Strong, Inc to Report Q2, 2022 Results on Aug 02, 2022 Ballantyne Strong, Inc announced that they will report Q2, 2022 results After-Market on Aug 02, 2022 Tillkännagivande • Jul 01
Strong Studios, Inc. and The Cartel Announce Start of Production on New Supernatural Thriller Series, Safehaven, in Winnipeg Canada Strong Studios Inc. a subsidiary of Ballantyne Strong Inc.’s, Strong Entertainment segment, and The Cartel announced the start of production on June 20th in Winnipeg, Canada on its new supernatural thriller series, Safehaven. Safehaven was created by James Seale (30 Below, Throttle) who will serve as showrunner with Kaare Andrews (V Wars, Aftermath, Van Helsing, Mech X-4) on board to direct. The 10 episode series is set to star newcomers Georgie Murphy (Christmas by the Book) and Gino Anania (Skymed, The Porter, Kiss Before Christmas), along with the multi-award-winning Bob Frazer (Drinkwater, The Cannon, Finding Mr. Right, Girlfriend Experience, The X-Files). Safehaven tells the story of high school comic artist Jenna Frost (Murphy), who must uncover the truth after horrifying visions come to life from her creations, threatening to destroy everything around her. John Rayburn (Frazer) is the mysterious new school counselor determined to save her, even if it endangers both of their lives and unearths his own personal demons. Complicating matters is Will (Anania), a passionate young man committed to protecting Jenna, who finds herself torn between rejecting his help and her growing feelings for him. Safehaven is produced by Strong Studios, The Cartel (Creepshow, Day of the Dead) and Kevin V. Duncan (Juncture). Executive producers include James Seale; The Cartel’s Stan Spry, Eric Woods, and Anthony Fankhauser; Unbounded Entertainment’s Peter Odiorne, Matt Harton, Larry Swets and Hassan Baqar; Michael Bay’s 451 Media; Ballantyne’s Chairman Kyle Cerminara and CEO Mark Roberson; Strong Studios’ President David Ozer; High Park Entertainment; Screen Media’s David Fannon, Seth Needle and David Nagelberg; Brad Turner; and Jessica Petelle. Production financed by Bank of Hope’s David Henry and Andrew King. Chicken Soup for the Soul’s Screen Media will distribute the series. Tillkännagivande • Jun 26
Ballantyne Strong, Inc(NYSEAM:BTN) dropped from Russell 3000E Growth Index Ballantyne Strong, Inc(NYSEAM:BTN) dropped from Russell 3000E Growth Index Tillkännagivande • May 03
Ballantyne Strong, Inc to Report Q1, 2022 Results on May 11, 2022 Ballantyne Strong, Inc announced that they will report Q1, 2022 results After-Market on May 11, 2022 Tillkännagivande • Apr 06
Ballantyne Strong, Inc Appoints Scott Weinstock as EVP Development & Production of Strong Studios Ballantyne Strong Inc. announced the expansion of its Strong Studios executive team with the appointment of Scott Weinstock as EVP Development & Production, and Melissa Traub as VP Marketing & Development. Both will report to David Ozer, President of Strong Studios. As EVP of Development & Production, Weinstock will be responsible for scripted and non-scripted projects for Strong Studios. Traub will lead day-to-day marketing efforts for the studio, and liaise with distribution partners on marketing and social media campaigns for series and feature premieres. Tillkännagivande • Mar 10
Ballantyne Strong, Inc. Appoints David Ozer as President of Strong Studios Ballantyne Strong Inc. announced the appointment of David Ozer as President of Strong Studios. Mr. Ozer was formerly CEO of Landmark Studio Group, a division of Chicken Soup for the Soul Entertainment Inc. Tillkännagivande • Mar 11
Ballantyne Strong, Inc. Provides Update on Notice of Default and Demand from Huntington Technology Finance, Inc On March 2, 2021, Ballantyne Strong Inc. received a notice of default and demand (the “Default Notice”) from Huntington Technology Finance Inc. (“Huntington”). The Default Notice alleges the occurrence of an event of default under the terms of the Master Equipment Lease Agreement dated May 19, 2017 (the “Agreement”) pursuant to which the Company’s subsidiaries lease certain digital taxi top advertising signs. The present value of the obligations under the Agreement are included on the Company’s consolidated balance sheets under the caption “finance lease obligations.” The Company has made all required payments to Huntington during the term of the Agreement and is continuing to make monthly payments on a timely basis. The Default Notice does not allege that the Company or its subsidiaries have failed to make any payment or incurred any economic or payment default. Rather, the Default Notice alleges that the Company or its subsidiaries violated certain technical covenants in the Agreement. Huntington has demanded accelerated payment of the outstanding principal balance plus lessor profit and a fair market value buyout of the assets under lease within ten days of the receipt of the Default Notice. The Company disputes Huntington’s assertion that an event of default has occurred under the Agreement and believes that many of the assertions made in the Default Notice are false and that the claims made in the Default Notice are therefore baseless. Accordingly, on March 3, 2021, the Company provided a written response to Huntington detailing the Company’s position that Huntington’s allegations of an event of default under the Agreement are unfounded, asserting the Company’s good faith belief that the Company and its subsidiaries have abided by the terms, conditions and covenants of the Agreement. The Company and its subsidiaries believes that no event of default has occurred and are continuing to make timely payments under the Agreement and intends to vigorously defend their position, although there can be no assurance that any such actions, if taken, will be successful. Tillkännagivande • Mar 03
Ballantyne Strong, Inc to Report Q4, 2020 Results on Mar 10, 2021 Ballantyne Strong, Inc announced that they will report Q4, 2020 results After-Market on Mar 10, 2021 Is New 90 Day High Low • Feb 17
New 90-day high: US$3.00 The company is up 55% from its price of US$1.94 on 18 November 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 37% over the same period. Tillkännagivande • Feb 03
SageNet, Inc. acquired Convergent Media Systems Corporation from Ballantyne Strong, Inc (AMEX:BTN) for $23.2 million. SageNet, Inc. acquired Convergent Media Systems Corporation from Ballantyne Strong, Inc (AMEX:BTN) for $23.2 million on February 1, 2021. The purchase price was (i) $15 million in cash and (ii) $2.5 million in the form of a subordinated promissory note delivered by SageNet. Additionally, a portion of the purchase price was placed in escrow by SageNet. The purchase price is also subject to adjustment based on closing working capital of Convergent and Convergent Media Systems Corporation. As further consideration for the equity interests, SageNet also assumed approximately $5.7 million of third-party debt of Convergent Media Systems Corporation. Alexander N. Pearson of Kirton & McConkie, PC acted as legal advisor to Ballantyne Strong and Roderick W. Simmons of Hirschler Fleischer acted as legal advisor to SageNet.
SageNet, Inc. completed the acquisition of Convergent Media Systems Corporation from Ballantyne Strong, Inc (AMEX:BTN) on February 1, 2021. Is New 90 Day High Low • Jan 27
New 90-day high: US$2.27 The company is up 43% from its price of US$1.59 on 28 October 2020. The American market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Entertainment industry, which is up 32% over the same period. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS US$0.066 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: US$9.91m (down 41% from 3Q 2019). Net income: US$973.0k (up US$2.76m from 3Q 2019). Profit margin: 9.8% (up from net loss in 3Q 2019). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 31% per year, which means it is performing significantly worse than earnings. Is New 90 Day High Low • Nov 05
New 90-day low: US$1.45 The company is down 21% from its price of US$1.84 on 07 August 2020. The American market is up 4.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Entertainment industry, which is up 2.0% over the same period. Tillkännagivande • Nov 01
Ballantyne Strong, Inc to Report Q3, 2020 Results on Nov 12, 2020 Ballantyne Strong, Inc announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 12, 2020 Tillkännagivande • Oct 08
Ballantyne Strong, Inc Announces Resignation of Colonel Jack H. Jacobs as Member of the Board of Directors On October 5, 2020, Colonel Jack H. Jacobs, a member of the Board of Directors of Ballantyne Strong Inc. (the “Company”), notified the Company of his intention to resign from the Company’s Board of Directors, effective immediately. Colonel Jacobs served as Chairman of the Nominating and Corporate Governance Committee and was a member of the Audit Committee. Colonel Jacobs did not advise the Company of any dispute or disagreement with the Company or the Company’s Board of Directors on any matter relating to the operations, policies or practices of the Company. Tillkännagivande • Aug 01
Ballantyne Strong, Inc to Report Q2, 2020 Results on Aug 12, 2020 Ballantyne Strong, Inc announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 12, 2020 