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Fundamental Global Inc.

CIK: 15918901 Annual ReportsLatest: 2025-04-30

10-K / April 30, 2025

Summary of Fundamental Global Inc.

Overview: Fundamental Global Inc. is a publicly traded company listed on the Nasdaq Stock Market LLC under the symbols FGF (common stock) and FGFPP (Series A Preferred Stock). The company operates primarily through subsidiaries and investments, focusing on financial services, asset management, real estate, technology, and entertainment sectors.

Core Activities:

  • Engages in merchant banking, asset management, and investment activities.
  • Invests in real estate, including affordable housing projects through FG Communities, Inc.
  • Sponsoring and co-sponsoring special purpose acquisition companies (SPACs) and other investment vehicles.
  • Participates in industries such as digital advertising, entertainment, renewable energy, and financial technology.
  • Manages or invests in companies involved in real estate development, especially manufactured housing communities.
  • Provides services related to technology products through subsidiaries such as Strong/MDI Screen Systems.

Employees and Management:

  • The company has a leadership team with various executives, including a Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer, and Head of Merchant Banking.
  • Specific employee count is not provided in the document.

Shareholders and Ownership:

  • Major stockholder is Fundamental Global GP, LLC, which beneficially owns approximately 25.9% of the company, with specific executives including the CEO, D. Kyle Cerminara, also holding a significant ownership stake (~29.1%).
  • As of April 21, 2025, the company had 1,272,320 shares of common stock outstanding.
  • All current directors and officers beneficially own about 35.2% of the shares.

Financials (Neither revenue nor net income are explicitly provided):

  • Market value of non-affiliate holdings as of June 28, 2024, was approximately $17.5 million.
  • Financial performance, revenue, and net income details are not included in the provided excerpt.
  • The company recently filed an amended 10-K, and specific financial metrics are not present in this document.

Additional Notes:

  • The company has multiple subsidiaries, including SGE (Strong Global Entertainment, Inc.) and FGH (GreenFirst Forest Products), which operate in entertainment and real estate industries.
  • It participates in a variety of strategic investments, mergers, and acquisitions, including SPACs.
  • The company maintains an active risk management oversight, corporate governance, and compliance structure, including a code of ethics and various independent board committees.

Conclusion: Fundamental Global Inc. is a diversified investment and merchant banking enterprise involved in real estate, financial services, entertainment, and technology investments, with significant ownership stakes held by its management and affiliates. Detailed financial performance such as revenue and profits are not included in the provided excerpt.