/NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR OTHER
DISSEMINATION IN THE UNITED
STATES./
TORONTO, May 16, 2022
/CNW/ - FG Acquisition Corp. (the "Company") is pleased to
announce that the Company's Class A restricted voting units (the
"Class A Restricted Voting Units") (TSX: FGAA.V) have each
separated into one Class A restricted voting share (each, a
"Class A Restricted Voting Share") and one-half share
purchase warrant (each whole warrant, an "IPO Warrant"). The
Class A Restricted Voting Shares and IPO Warrants will commence
trading on the Toronto Stock Exchange on May
16, 2022 under the symbols "FGAA.U" and "FGAA.WT.U",
respectively.
This press release is not an offer of securities for sale in
the United States, and the
securities may not be offered or sold in the United States absent registration or an
exemption from registration. The securities have not been and will
not be registered under the United States Securities Act of
1933.
About the Company
FG Acquisition Corp. is a newly organized special purpose
acquisition company incorporated under the laws of British Columbia for the purpose of effecting,
directly or indirectly, an acquisition of one or more businesses or
assets, by way of a merger, amalgamation, arrangement, share
exchange, asset acquisition, share purchase, reorganization, or any
other similar business combination involving the Company. In
addition, Robert I. Kauffman, a
former co-founder and Principal of Fortress Investment Group,
serves as a Senior Advisor to the Company.
Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" (together "forward-looking
statements") within the meaning of applicable Canadian
securities legislation and applicable U.S. securities laws, which
reflect the Company's and the Sponsors' current expectations
regarding future events. Forward looking statements are often
identified by terms such as "may", "should", "anticipate",
"expect", "potential", "believe", "intend", "estimate" or the
negative of these terms and similar expressions. Forward-looking
statements in this press release include, but are not limited to,
statements with respect to the trading of the Class A Restricted
Voting Shares and IPO Warrants on the Toronto Stock Exchange.
Forward-looking statements are based on assumptions. While the
Company considers these assumptions to be reasonable based on
information currently available, they may prove to be incorrect.
Readers are cautioned not to place undue reliance on
forward-looking statements. In addition, forward-looking statements
necessarily involve known and unknown risks, including, without
limitation, risks associated with general economic conditions;
adverse industry events; future legislative, tax and regulatory
developments; and the factors discussed under "Risk Factors" in the
Company's final prospectus dated March 28,
2022. Readers are cautioned that the foregoing list is not
exhaustive and other risks are set out in the Company's public
disclosure record filed under the Company's profile on
www.sedar.com. Readers are further cautioned not to place undue
reliance on forward-looking statements as there can be no assurance
that the plans, intentions or expectations upon which they are
placed will occur. Such information, although considered reasonable
by management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement and reflect our
expectations as of the date hereof, and thus are subject to change
thereafter. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
expressly required by applicable law.
SOURCE FG Acquisition Corp.