Core Viewpoint - Trifork Group AG has divested 51% of Trifork Security A/S to Wingmen Solutions ApS to enhance its managed security services in Denmark and internationally [1][2]. Group 1: Transaction Details - An agreement has been signed for the sale of 51.0% of Trifork Security A/S to Wingmen Solutions ApS, which is owned by Springboard Network BV and its management [2]. - The transaction is subject to regulatory approval, and upon completion, Trifork Group AG's ownership will decrease from 84.6% to 41.5% [6][7]. - Wingmen Solutions ApS will have the option to acquire the remaining shares of Trifork Security A/S in 2027 after the filing of its 2026 Annual Report [8]. Group 2: Strategic Rationale - Trifork Security A/S is a leading provider of managed services in Denmark, specializing in log management, cybersecurity, and observability based on Splunk [3]. - Wingmen Solutions ApS is a prominent Cisco partner in Denmark, focusing on critical IT infrastructure for both public and private sectors [3][5]. - The partnership aims to leverage both companies' expertise in Cisco and Splunk technologies to enhance service offerings and expand market reach [4][5]. Group 3: Company Profiles - Trifork Group AG is a global technology company with 1,187 employees across 70 business units in 16 countries, specializing in advanced software solutions for various sectors [9]. - Trifork Security A/S employs around 50 experts in log management and cybersecurity, providing managed services and compliance assessments [10]. - Wingmen Solutions employs over 120 specialists and is part of the Springboard Network, focusing on transforming IT infrastructure for organizations [11].

Core Viewpoint - Fundamental Global Inc. is forming a CVR Trust for its common shareholders, providing a special distribution of Contingent Value Rights (CVR) that will entitle holders to future cash distributions and other benefits as the trust liquidates its assets [1][2][3] Group 1: Special Distribution and Trust Formation - Approximately 1.3 million common shareholders will receive a non-transferable CVR, entitling them to an initial cash distribution of $10.00 per common share, expected in September 2025 [2][9] - The CVR Trust will include cash, cash equivalents, and net assets from various operating businesses and equity holdings [6][9] - Future distributions from the CVR Trust may be in cash or in-kind securities as assets are monetized over time [3][9] Group 2: Strategic Transformation - The company has entered a definitive agreement for a $200 million private placement to support its strategic transformation, which includes a name change to FG Nexus Inc. and the implementation of an Ethereum Treasury Strategy [5][7] - The strategic direction focuses on blockchain innovation and the tokenization of real-world assets [5][7] - The company aims to retain approximately $5.00 per share in net asset value through retained holdings and the launch of its new strategy [9]

Core Viewpoint - Fundamental Global Inc. has made significant strides in consolidating its operations and improving its financial performance through strategic mergers and asset sales in 2024 [2][4]. Financial Highlights - Total assets increased to $109.5 million as of December 31, 2024, up by $47.3 million from the previous year [5]. - Stockholders' equity rose to $74.2 million, reflecting an increase of $37.2 million from December 31, 2023 [6]. - Revenue for 2024 was $17.3 million, a 1.5% increase from the previous year, with managed services revenue growing by 20.7% to $32.0 million [7]. - The net loss attributable to common shareholders improved to $2.6 million from a loss of $14.1 million in the prior year, primarily due to a $21.8 million gain on the sale of Strong/MDI [8][9]. Operational Highlights - The company completed three merger transactions in 2024, including the merger with FG Group Holdings Inc. and Strong Global Entertainment, aimed at reducing operating costs and streamlining operations [5]. - A portion of the reinsurance business was agreed to be sold for $5.6 million, expected to close in the first half of 2025 [2]. - The company successfully monetized its Digital Ignition facility and sold its Strong/MDI Screen Systems subsidiary for approximately $30 million [5]. Balance Sheet Overview - As of December 31, 2024, total liabilities were $35.3 million, an increase from $25.1 million in the previous year [15]. - Short- and long-term debt decreased to $2.4 million, down by $5.4 million from December 31, 2023 [7]. - Cash and cash equivalents increased to $7.8 million from $6.0 million in the previous year [21]. Shareholder Information - The weighted average common shares outstanding increased to 1,265 million due to the merger with FG Group Holdings [19]. - The net loss per common share improved to $2.43 from $35.22 in the prior year, reflecting the company's improved financial performance [9].