Fundamental Global, a private partnership focused on long-term strategic holdings, has purchased 80,000 shares of common stock of Ballantyne Strong.
Following this purchase, Fundamental Global and its related parties collectively hold 30.8% of BTN’s common stock.
D. Kyle Cerminara, CEO of Fundamental Global and chairman of Ballantyne Strong, said, “We are pleased with our recent purchases of Ballantyne Strong and consider it to be one of Fundamental Global’s strategic long-term holdings. Furthermore, we are working diligently to eliminate unnecessary distractions that help simplify our organizational structure and allow us to focus on our best opportunities.”