All resolutions put to a vote in a meeting held by FG Acquisition that will take ThinkMarkets public, have been approved. The approvals were done by shareholders in a virtual meeting held June 29, reports Finance Magnates.
Besides the amendments to the articles of corporation, the shareholders passed a resolution to authorize the board of directors to adopt an omnibus incentive plan. Additionally, the decision to move the completion date of the qualifying acquisition from July 5 to July 5, 2024, was passed.
ThinkMarkets, a brokerage firm headquartered in Australia and operated by Think Financial Group Holdings Limited, is set to go public on the Toronto Stock Exchange.
At deal announcement in May, ThinkMarkets was valued at $160 million based on a pre-money valuation, with an estimated pro forma enterprise value of around $190 million. Read more.
