FG Financial Group, Inc. Merchant Banking Platform Company FG Merger Corp. Announces Business Combination Agreement With iCoreConnect

FG Financial Group, Inc. (NASDAQ:FGF, FGFPP))))) (the "Company"), today announced that its merchant banking platform partner FG Merger Corp. (FG Merger) (NASDAQ:FGMC) has entered into a business combination agreement with iCoreConnect Inc., a market leading, 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 business combination would result in iCoreConnect uplisting from the over the counter ("OTC") market to the Nasdaq.

FG Financial Group is 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.

In the aggregate, FG Financial Group's indirect exposure to FG Merger Corp., a special purpose acquisition corporation, through its subsidiaries, represents potential beneficial ownership of approximately 820,000 shares of FG Merger common stock, approximately 989,000 warrants with an $11.50 strike price and a 5 year expiration, and approximately 85,000 warrants with a $15.00 strike price and a 10 year expiration.

Details of the transaction are included in the FG Merger Corp. press release available here.