ThinkMarkets to go public via a SPAC merger with FG Acquisition.

ThinkMarkets, an online and leveraged trading multi-asset brokerage, agreed to go public via a SPAC merger with FG Acquisition, a special purpose acquisition corporation. Financial terms were not disclosed. “This business combination closely aligns with the long-term strategy of FG Financial’s growing merchant banking platform. ThinkMarkets has grown its revenue from $35m in 2019 to over $62m in 2022, and they have established global partnerships and a scalable business model positioned to capitalize on increasing market volatility and the evolving global trading landscape. The company has purchased multiple new licenses, continue to grow their product offerings, and their recent entry into Japan provides a platform to serve one of the largest FX trading hubs globally. FG Financial Group looks forward to being a shareholder and sharing in the company’s success,” Larry Swets, Jr., FG Acquisition Chairman.