The merger agreement between FG Acquisition Corp. and broker ThinkMarkets has been approved by the company's shareholders.
During a meeting of shareholders of FG Acquisition Corp., which operates as a SPAC, held on June 29, participants voted to merge with brokerage company ThinkMarkets.
According to FNG, shareholders supported an amendment to the company's articles of incorporation:
- The company's Class B shares were to be automatically converted into common shares, rather than proportionate voting shares, upon completion of the transaction;
- Create a class of preferred shares issued in series;
- remove the company's Class A restricted voting shares, Class B shares, and proportionate voting shares.
In addition, the Board must adopt a comprehensive incentive plan. Shareholders noted that all of the above resolutions are subject to the closing of the merger between FG Acquisition and ThinkMarkets.
The meeting also approved a resolution to extend the merger date of the companies from July 5, 2023, to July 5, 2024.
We previously wrote that broker ThinkMarkets hired David Hodge and Drosula Hajisavva to lead its marketing department.
Broker ThinkMarkets was founded in 2010 and offers Forex and CFD trading services worldwide. ThinkMarkets is licensed by the FCA in the UK, ASIC in Australia, CySEC in Cyprus, JFSA in Japan, FSCA in South Africa, and FSA in the Seychelles.
