On February 3, 2023, the board of directors of FG Merger Corp. (the “Company”), announced that Emily Torres has resigned her position of Chief Financial Officer of the Company, effective February 17, 2023. Effective February 17, 2023, the board of directors of the Company has appointed Mark Penway as Chief Financial Officer, filling the vacancy that will be left by Ms. Torres.

Mark Penway, 32, has ten years of experience in a variety of accounting roles, primarily focusing on financial reporting and analysis for publicly traded companies in the financial services and insurance space. Mr. Penway has served as the Director of Accounting of FG Financial Group Inc. (formerly known as 1347 Property Insurance Holdings Inc.), which operates as a reinsurance and asset management holding company, since September 2021. From February 2021 to September 2021, Mr. Penway held the position of Senior Financial Analyst at Kemper Corporation.

From June 2019 to February 2021, and from May 2013 to August 2018, Mr. Penway held accounting positions at Kingsway Financial Services Inc, most recently as Senior Accounting Analyst. His previous experience also includes the position of Senior Accountant at Arthur J. Gallagher, which he held from August 2018 to June 2019. Mr. Penway obtained his Bachelor's degree in Accounting from Loyola University Chicago in 2013.