FG Acquisition Corp.

Canaccord Genuity Acts as Sole Bookrunner for FG Acquisition Corp. on its US$100 Million Initial Public Offering

Canaccord Genuity is pleased to announce FG Acquisition Corp. (“FGAC”) completed its initial public offering of Class A restricted voting units for aggregate gross proceeds of US$100 million on April 5, 2022.  The units sold in the offering will trade on the Toronto Stock Exchange under the ticker “FGAA.V”.

FG Acquisition Corp. is a newly organized special purpose acquisition company (“SPAC”) which intends to complete a Qualifying Acquisition of assets and/or businesses in the financial services sector. Each unit of FGAC provides investors with one redeemable share at $10.00 per share and one-half warrant with the right to put a whole warrant to the sponsors at  $1.25 per warrant.

FGAC will be led  by Larry G. Swets, Jr., D. Kyle Cerminara and Hassan R. Baqar. In addition, Robert I. Kauffman, a former co-founder and Principal of Fortress Investment Group., will serve as a Senior Advisor to the Company. The combined leadership team brings decades of experience in the financial service industry along with prior success as sponsors to numerous SPACs. CG Investments VII Inc., a corporation controlled by Canaccord Genuity Group Inc., is acting co-sponsor of the SPAC.

Canaccord Genuity acted as sole bookrunner for the offering. The Canaccord Genuity team included  Chris Blackwell,  Michael Shuh, Malcolm Inglis, David Pietruszka and Mark Gubbels from investment banking, Graeme Parker and David Barnes from sales and  Len Sauer and Lily Yu from equity capital markets.