Ballantyne Strong has announced that the company plans to change its name to FG Group Holdings, effective after trading on December 23.
In conjunction with the name change, the company’s common stock is expected to begin trading on the NYSE American exchange under the new ticker symbol FGH at the opening of trading on December 27. The name change was previously approved by the company’s stockholders at its 2021 annual meeting.
Kyle Cerminara, chairman of Ballantyne Strong and CEO of Fundamental Global said, “We have made tremendous progress evolving our business model, and the new name better reflects our strategy of deploying capital to strong businesses across diverse, growing end markets. The business is now well-positioned, and we are driving improving operating results reflected most recently in our 68 percent growth in third quarter revenue. Strong Entertainment is seeing momentum driven by a robust cinema release schedule and laser upgrade cycle and FG Financial, Firefly and GreenFirst Forest Products continue to execute well against their business plans. We look forward to driving sustained long-term value for our shareholders.”
Mark Roberson, CEO of Ballantyne Strong said, “This name change is a natural next step for our business given our refined strategy focused on diverse businesses in attractive end markets. All of our companies are performing well, and we are well positioned to continue driving growth and value for our shareholders.”