ThinkMarkets Terminates Merger Agreement with FG Acquisition

FG Acquisition Corp. and Think Financial Group Holdings Limited (ThinkMarkets) have jointly decided to terminate the merger agreement related to the proposed business combination transaction previously disclosed on May 12, 2023.

Under the laws of the Province of British Columbia, the Corporation remains committed to exploring other eligible acquisition opportunities before the July 5, 2024 closing date, as mandated by shareholders at the special meeting held on June 29, 2023.

"We wish ThinkMarkets well in their future endeavors. With our robust merchant banking activities in both Canada and the United States, we look forward to pursuing a new target for the Corporation in the days and weeks ahead," stated Kyle Cerminara, the Chair of the Corporation's board, and Larry Swets, the Chief Executive Officer.

"We would like to thank the team at FG for the opportunity provided. We are looking forward to 2024 and expanding on our long-term growth strategy and objectives," stated Nauman Anees, the CEO and Co-Founder of ThinkMarkets.

As reported earlier, ThinkMarkets, preparing for an IPO, has enhanced its suite of services through a new partnership with Acuity Trading to utilize artificial intelligence (AI) for market analysis.

As part of the partnership, ThinkMarkets has integrated Acuity Trading's Signal Center tools into its trading ecosystem, providing traders with up to 40 high-quality, real-time signals daily.

(Source: Finance Magnates)