BRIEF-ICoreConnect To Combine With FG Merger

Jan 6 (Reuters) - FG Merger Corp FGMC.O:

• ICORECONNECT, A CLOUD-BASED SAAS COMPANY TARGETING THE HEALTHCARE INDUSTRY, ENTERS INTO BUSINESS COMBINATION AGREEMENT WITH FG MERGER CORP.

• FG MERGER CORP - TRANSACTION VALUES ICORECONNECT AT A PRO FORMA ENTERPRISE VALUE OF $98.0 MILLION

• FG MERGER CORP - CO'S SHAREHOLDERS WHO CHOOSE NOT TO EXERCISE REDEMPTION RIGHTS WILL HAVE 100% OF EQUITY CONVERTED INTO PREFERRED STOCK OF COMBINED CO

• FG MERGER - BUSINESS COMBINATION WOULD RESULT IN ICORECONNECT UPLISTING FROM OVER THE COUNTER MARKET TO NASDAQ, EXPECTING TO TRADE UNDER TICKER "ICCT"

• FG MERGER CORP - ICORECONNECT COMMON STOCKHOLDERS WILL RECEIVE COMMON STOCK IN COMBINED COMPANY

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