The corporation will investigate its options for a suitable acquisition before July 5, 2024. Prior to going public, ThinkMarkets had collaborated with Acuity Trading to provide AI-based market analysis.

FG Acquisition Corp. and Think Financial Group Holdings Limited (ThinkMarkets) have decided to terminate the previously announced business combination agreement, dated May 12, 2023, related to the proposed business combination transaction.

Making a new route plan as instructed by shareholders at the special meeting held on June 29, 2023, the corporation, which is governed by the laws of the Province of British Columbia, is committed to looking for additional opportunities for a suitable acquisition before the deadline of July 5, 2024. This is in addition to the dissolution of the ThinkMarkets Partnership.

CEO Larry Swets and board chairman Kyle Cerminara stated: “We send ThinkMarkets our best wishes for all of their future endeavors. In the upcoming days and weeks, we look forward to discovering new potential for the corporation, given our robust merchant banking activities in both Canada and the United States, we appreciate the opportunity that the FG team has provided for us.”

ThinkMarkets CEO and co-founder Nauman Anees stated: "We are thrilled about 2024 and the opportunity to advance our long-term growth plans and objectives."

ThinkMarkets has expanded the scope of its offerings in anticipation of a public listing by partnering with Acuity Trading and employing artificial intelligence (AI) to analyze market trends. Through this partnership, ThinkMarkets has integrated Acuity Trading's Signal Center capabilities into its trading environment, giving traders access to up to 40 excellent real-time signals per day. At the beginning of the market, these signals—which include entry, exit, and stop-loss points—are made public.

Anees emphasized the commitment to enhancing traders experiences and providing practical resources for making wise judgments. Founded in 2013, Acuity Trading has its headquarters in London. It gathers sentiment data from global news sources using its proprietary technology, which combines machine learning and natural language processing, to provide sophisticated market insights.

This collaboration is consistent with ThinkMarkets strategy as it works toward a reverse merger in preparation for its planned July 2023 public offering. With 138,500 clients in 165 countries, the company generated $62 million in revenue in 2022, indicating a compound annual growth rate of 24%.

The pre-money valuation positions the pro forma enterprise worth at around $190 million, while being positioned at $160 million. Additionally, ThinkMarkets has disclosed partnerships with Acuity Trading and BlackBull Markets to provide traders with tools and analytics platforms.