M&A - Fundamental Global Inc.

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: New

Accession Number: 000164117225000080

Filing Summary: On March 14, 2025, Fundamental Global Inc. through its wholly owned subsidiary FG Reinsurance Holdings, LLC (FGR), entered into an agreement to sell the entire issued share capital of its subsidiary FG RE Corporate Member Limited, located in England and Wales. The sale is intended to generate total consideration of $5.6 million, which includes $0.3 million for the purchase of the corporate member and $5.3 million held in funds at Lloyds of London that will be replaced by the buyer. Additionally, there are plans to commute several reinsurance treaties related to Lloyds of London. The company anticipates a $2.1 million impairment charge related to deferred acquisition cost intangible assets due to this transaction. Closing of the sale is contingent upon customary approvals and consents.

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