FG Acquisition Corp. announces proposed acquisition of Strong/MDI Screen Systems

FG Acquisition Corp. and Strong Global Entertainment are pleased to announce the proposed acquisition of Strong/MDI Screen Systems by FGAC, pursuant to an acquisition agreement dated May 3, 2024 between FGAC, Strong Global, MDI, FGAC Investors LLC and CG Investments VII Inc. The MDI Acquisition, together with the launch of FGAC’s new investment platform, will constitute FGAC’s qualifying acquisition. In connection with the closing of the MDI Acquisition, the Corporation intends to rename itself Saltire Holdings. Saltire intends to build and grow a portfolio of profitable and cash-flow generating private equity investments that would not otherwise be available to public market investors through its proprietary origination process, to maximize its intrinsic value on a per-share basis over the long-term by seeking to achieve superior investment performance commensurate with reasonable risk.