FG Acquisition Corp. Completes MDI Acquisition, Private Placement, and Launches Saltire Capital Ltd.

FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) has successfully completed the acquisition of Strong/MDI Screen Systems, Inc. (MDI), raising approximately $4.3 million through a private placement, and launching Saltire Capital Ltd. (Saltire). This strategic move positions FGAC to build a portfolio of profitable private equity investments and maximize long-term shareholder value.

The acquisition of MDI, a leading global manufacturing and distribution business, anchors FGAC's unique investment platform. MDI's expertise in cinema and entertainment will provide greater access to the Canadian financial markets, enabling the management team to execute growth plans. Strong Global Entertainment, Inc. (NYSE: SGE), the former majority shareholder of MDI, will participate in the future growth and success of Saltire.

Concurrently with the closing of the MDI acquisition, FGAC renamed itself Saltire Capital Ltd. Saltire aims to build and grow a portfolio of profitable and cash-flow generating private equity investments through its proprietary origination process. The company's investment objectives focus on actively managed, undervalued securities, with a keen eye on management strength, growth opportunities, operational execution, profitability, capital intensity, and corporate health.

FGAC's board of directors and management team have been restructured to align with the company's long-term growth objectives. Larry G. Swets Jr. will serve as Executive Chairman, Andrew Clark as Chief Executive Officer, Hassan Baqar as Chief Financial Officer, and Robert Clark as Chief Investment Officer. The board consists of Larry G. Swets, Kyle Cerminara, Andrew Clark, Shaun Alie, Robert Clark, Andrew B. McIntyre, and Dr. Richard E. Govignon.

The private placement of approximately $4.3 million will be used to satisfy a portion of the purchase price for the MDI acquisition, fund growth initiatives, working capital, and general corporate purposes. The net proceeds from the private placement will support the integration of MDI and the launch of Saltire Capital Ltd., enabling FGAC to execute its strategic growth plans.

The successful completion of the MDI acquisition, private placement, and launch of Saltire Capital Ltd. demonstrates FGAC's commitment to creating long-term value for shareholders. By acquiring a leading global manufacturing and distribution business and launching a new investment platform, FGAC is well-positioned to maximize intrinsic value and achieve superior investment performance commensurate with reasonable risk.