ThinkMarkets SPAC Acquisition Partner Gets Shareholders’ Approvals

<p>All the resolutions put to a vote in a meeting
held by FG Acquisition Corporation, the special purpose acquisition company
(SPAC) that will take ThinkMarkets public, have been approved. The approvals
were done by shareholders in a virtual meeting held on June 29, the corporation said yesterday
(Thursday).</p><p>Articles of Corporation</p><p>One of the resolutions provided
that the Class B shares of the corporation be converted to common shares
instead of converting them to proportionate voting shares once the <a href="https://www.financemagnates.com/terms/a/acquisition/">acquisition</a> deal is closed.</p><p>Other resolutions:
the creation of a class of preferred shares that would be issued in series;
the removal of the Class A restricted voting shares; the Class B shares; and
the proportionate voting shares of the corporation were also passed on Friday.</p><p>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, 2023, to July 5, 2024, was passed.</p><p>ThinkMarkets announced the decision to become a publicly
traded company in May. The <a href="https://www.financemagnates.com/terms/m/multi-asset/">multi-asset</a> brokerage firm, founded in 2010 and
headquartered in Australia, would list shares on the Toronto Stock Exchange. The
broker hopes to expand its operations and reach more traders by becoming a public company.</p><p>Publicly Traded Company</p><p>"Becoming a publicly traded company will allow us to
continue to bring better, faster, more advanced innovative technology to the
market for online traders, plus a wider offering of products for the
ever-evolving needs of our customer bases," commented Nauman Anees, the
company’s Co-Founder and CEO.</p><p>In preparation for the
listing, ThinkMarkets has been <a href="https://www.financemagnates.com/forex/thinkmarkets-launches-copy-trading-app-ahead-of-listing/" target="_blank" rel="follow">launching
new products</a> and
services for traders. Recently, <a href="https://www.financemagnates.com/forex/thinkmarkets-launches-copy-trading-app-ahead-of-listing/" target="_blank" rel="follow">Finance
Magnates</a> reported that the retail FX and CFD broker had launched a copy
trading app to cater to new traders.</p><p>Additionally, the
company <a href="https://www.financemagnates.com/forex/brokers/thinkmarkets-enhances-offering-with-acuity-trading-partnership/" target="_blank" rel="follow">partnered
with Acuity Trading</a>, a
company using Artificial Intelligence (AI) technology for market analysis. The
partnership aims to enhance the experience of the retail traders and to enable
them to achieve their goals, the company said during the launch.</p>

This article was written by Jared Kirui at www.financemagnates.com.