ThinkMarkets: We are pleased to announce our plans

Description:
We are pleased to announce a business combination with FG Acquisition Corp (FGAC), a special purpose acquisition company. The partnership will be a qualifying acquisition that will enable us to conduct an initial public offering on the Toronto Stock Exchange. Completion of the transaction is subject to regulatory approval and customary closing conditions and is expected to close in July 2023.Nauman Anees, our co-founder and Chief Executive Officer, commented: "We are pleased to partner with FG Acquisition Corp to take ThinkMarkets public. We are confident that our synergies will drive the continued expansion of our business globally. Becoming a public company will allow us to continue to bring better, faster and more advanced innovative technologies to online traders and to offer a wider range of products to the changing needs of our customer base. We look forward to the next step in our continued development.Following the conclusion of this partnership, ThinkMarkets will continue to be led by Nauman Anees, Chief Executive Officer, and Faizan Anees, President and co-founder of ThinkMarkets, as well as other members of ThinkMarkets' current management team. ThinkMarkets' new board of directors will initially be comprised of Nauman Anees, Faizan Anees, Larry G. Swets, Jr., Julian Babarczy, Andrew B. McIntyre, Peter Huitsing and Symon Brewis-Weston.Larry G. Swets, Jr., Chief Executive Officer of FGAC, said: "We are pleased to present this qualifying acquisition to our shareholders and believe ThinkMarkets presents a compelling investment opportunity for a multi-asset online brokerage with global reach. We believe the ThinkMarkets team is well positioned to lead in this space and demonstrate a clear path to growth." We look forward to supporting the ThinkMarkets team as they begin their journey as a public company."Co-founded in 2010 by brothers Nauman and Faizan Anees, ThinkMarkets is headquartered in Australia and continues to expand globally through 11 offices: London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia and Johannesburg.Don't miss this Q&A with our CEO Nauman Anees about going publicWhat does going public mean?ThinkMarkets shares will be listed on the Toronto Stock Exchange after the closure process is complete, meaning public investors from around the world and Canada will be able to own shares in ThinkMarkets.Why go public now? ThinkMarkets has been incredibly successful over the past five years or so, and we're always trying to do more. By going public, we provide greater transparency to our customers, gain a shareholder base that supports our growth plans, and showcase our products to a global audience.What are your long-term goals after listing? We will continue to grow our offerings to provide the best products and services to our customers in the markets we serve, expand our proprietary ThinkTrader platform and expand our marketing potential.Our mission has not changed, we want to provide the best online trading experience worldwide and by being at the forefront of technology, make trading accessible to anyone in our global office network.We plan to continue adding new payment methods, products, platforms, integrations and other unique services to traders in more regions.How will I change as a client? We will continue to deliver our products and services to the high standards we have always maintained and remain committed to our mission and goals. Listing allows us to bring you a more enhanced trading experience with a wider range of products and services. Which exchange will ThinkMarkets list on and when? Subject to regulatory approvals and customary closing conditions, we expect to list on the Toronto Stock Exchange in the summer of 2023.
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