Strong Global Entertainment, Inc. Class A (SGE) has shared an announcement.
Strong Global Entertainment, Inc. has entered into an agreement to acquire MDI, making it a wholly-owned subsidiary of FG Acquisition Corp., which will be rebranded as Saltire Holdings, Ltd. after the acquisition. The deal values MDI at $30 million, with payment to be made via cash, preferred shares, and common shares. The transaction is subject to customary closing conditions, including shareholder approval and regulatory consents. Post-acquisition, Strong Global will own approximately 29.6% of Saltire, with certain Strong Global directors joining Saltire’s board.
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