FG Financial Group, Inc. Announces Pricing of Public Offering

FG Financial Group, Inc. (NASDAQ: FGF, FGFPP), (“FG Financial Group” or the “Company”) today announced the pricing of its underwritten public offering of 169,200 shares of its 8.0% Series A Cumulative Preferred Stock at a public offering price of $25.00 per share, for gross proceeds of $4,230,000, before deducting underwriting commissions and offering expenses. All of the shares of Series A Preferred Stock are being offered by the Company.

The underwriters have been granted a 45-day option to purchase up to 25,380 additional shares of 8.0% Series A Cumulative Preferred Stock from the Company, exercisable in whole or in part, solely to cover over-allotments, at the public offering price less the underwriting commissions.

The offering is expected to close on May 21, 2021, subject to satisfaction of customary closing conditions.

ThinkEquity, a division of Fordham Financial Management, Inc., is acting as sole book-running manager for the offering.

The securities will be offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-253285), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on February 19, 2021, amended on March 24, 2021, and declared effective on April 9, 2021. The offering will be made only by means of a written prospectus. A prospectus supplement and accompanying prospectus describing the terms of the offering has been or will be filed with the SEC on its website at www.sec.gov. Copies of the prospectus supplement and the accompanying prospectus relating to the offering may also be obtained from the offices of ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at [phone] or by email at [e-mail]. Before investing in this offering, interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.