On December 7, 2023, FG Acquisition Corp. (TSX: FGAA.U) and Think Financial Group Holdings Limited ("ThinkMarkets") mutually agreed to terminate their previously announced business combination agreement dated May 12, 2023. This decision ends the planned business combination transaction between the two entities. The original agreement aimed at a qualifying acquisition for FG Acquisition Corp., a necessary step in its business strategy.

The termination of this agreement does not affect FG Acquisition Corp.'s ongoing efforts. The Corporation remains committed to finding and completing a qualifying acquisition by July 5, 2024. This deadline aligns with the mandate approved by the Corporation's shareholders during the special meeting held on June 29, 2023. The Corporation is actively exploring other opportunities to fulfill this objective.

Kyle Cerminara, Chair of FG Acquisition Corp.'s board, and Larry Swets, the Chief Executive Officer, expressed their well wishes for ThinkMarkets' future endeavors. They emphasized their eagerness to identify a new target for the Corporation, leveraging their extensive merchant banking activities in Canada and the United States.

Nauman Anees, CEO and Co-Founder of ThinkMarkets, reciprocated the sentiment. He expressed gratitude towards FG Acquisition Corp. for the collaboration opportunity and shared his anticipation for ThinkMarkets' growth and long-term strategy development in 2024.