FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Screen Systems, Inc. and launch of Saltire Holdings, Ltd.

All amounts expressed in United States dollars (US$) unless otherwise noted

TORONTO, May 3, 2024 /CNW/ - FG Acquisition Corp. (TSX: FGAA.U, FGAA.WT.U) ("FGAC" or the "Corporation"), a special purpose acquisition company, and Strong Global Entertainment, Inc. (NYSE:SGE) ("Strong Global") are pleased to announce the proposed acquisition (the "MDI Acquisition") of Strong/MDI Screen Systems, Inc. ("MDI") by FGAC, pursuant to an acquisition agreement (the "Acquisition Agreement") dated May 3, 2024 between FGAC, Strong Global, MDI, FGAC Investors LLC and CG Investments VII Inc (together with FGAC Investors LLC, the "Sponsors"). The MDI Acquisition, together with the launch of FGAC's new investment platform, will constitute FGAC's qualifying acquisition.