FG Merger Corp. (FGMC) Adjourns Completion Vote
by Marlena Haddad on 2023-08-08 at 5:26pm

FG Merger Corp. (Nasdaq: FGMC) announced this afternoon that it plans to adjourn its August 11 special meeting to vote on its business combination with healthcare workflow platform iCoreConnect.

The meeting will reconvene on August 18, at 10:00 a.m. ET. and the change also pushes the redemption deadline to August 16. Additionally, the record date for the determination of shareholders entitled to vote at the meeting, including all adjournments thereof, will remain July 11.

FG Merger Corp. originally announced its $98 million deal with iCoreConnect in January 2023. The SPAC currently has about $82.5 million in its trust and did not supplement this with additional committed financing. The transaction does not include a minimum cash condition, but if the closing cash is less than $20 million, then the sponsor will forfeit any and all dividends accrued on any shares of preferred stock.

Ocoee, Florida-based iCore Connect is a cloud-based software and technology company focused on increasing workflow productivity and customer profitability through its enterprise and healthcare workflow platform of applications and services.

The combined company is expected to trade under the symbol “ICCT” once the deal is completed.

 

Recent Posts
by Nicholas Alan Clayton on 2024-02-28 at 3:31pm

SK Growth (NASDAQ:SKGR) has entered into a definitive agreement to combine with digital investment platform Webull at an enterprise value of $7.3 billion. New York-based Webull provides an equities trading and education platform to about 20 million cumulative users. The combined company is expected to trade on the Nasdaq once the deal is completed in...

by Nicholas Alan Clayton on 2024-02-28 at 1:36pm

News and Rumors PR: Hillsinai Learning, which serves about 500,000 students across 40 schools and 5,000 partner schools, has hired iLearningEngines to build its AI learning automation platform. iLearningEngines has a pending combination with Arrowroot (NASDAQ:ARRW). SpaceNews: Virgin Galactic (NYSE:SPCE) does not expect any delays on its Galactic 07 mission to take passengers into space...

by Nicholas Alan Clayton on 2024-02-28 at 11:33am

Aetherium Acquisition Corp. (NASDAQ:GMFI) has entered into a definitive agreement to combine with Capital A (KL:5099), the parent company of the AirAsia airline at an estimated transaction value of $1.15 billion. Kuala Lumpur-based Capital A owns the AirAsia regional airline as well as subsidiaries in logistics, payments and loyalty. Transaction Overview Aetherium has an estimated...

by Nicholas Alan Clayton on 2024-02-28 at 7:58am

At the SPAC of Dawn NVIDIA’s (NASDAQ:NVDA) market cap is about 10% of the entire Nasdaq, so the notion that its own rise would float many boats is something of a given. But, it has also been specifically instrumental in the recent gains by a number of de-SPACs in the AI technology space. Soundhound (NASDAQ:SOUN)...

by Nicholas Alan Clayton on 2024-02-27 at 1:32pm

News and Rumors MarketWatch: Benchmark analyst Josh Sullivan said he believes the Moon landing by Inflection Point‘s Intuitive Machines (NASDAQ:LUNR) will be a catalyst for more investment in the commercial space industry, which has been cash-strapped in recent years. PR: Securities and crypto trading platform Coincheck, which has a pending combination with Thunder Bridge IV,...

logo

Copyright © 2023 SPACInsider, Inc. All Rights Reserved