FG Financial Group Announces Pricing of Public Offering

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May 31, 2023

FG Financial Group, Inc. (Nasdaq: FGF) (the “Company”), a reinsurance and asset management holding company focused on collateralized and loss capped reinsurance and merchant banking that allocates capital in partnership with Fundamental Global®, a private partnership led by Kyle Cerminara and Joe Moglia, as well as other strategic investors, today announced the pricing of an underwritten public offering of 865,000 shares of its common stock at a public offering price of $1.85 per share, for gross proceeds of $1,600,250, before deducting underwriting discounts, commissions and offering expenses. All of the shares of common stock are being offered by the Company. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 129,750 shares of common stock at the public offering price less discounts and commissions, to cover over-allotments. The offering is expected to close on June 2, 2023, subject to satisfaction of customary closing conditions.