July 10, 2024

D. Kyle Cerminara
Chief Executive Officer
Fundamental Global Inc.
108 Gateway Blvd, Suite 204
Mooresville, NC 28117

       Re: Fundamental Global Inc.
           Registration Statement on Form S-4
           Filed June 20, 2024
           File No. 333-280346
Dear D. Kyle Cerminara:

     We have conducted a limited review of your registration statement and have
the following
comments.

       Please respond to this letter by amending your registration statement
and providing the
requested information. If you do not believe a comment applies to your facts
and circumstances
or do not believe an amendment is appropriate, please tell us why in your
response.

       After reviewing any amendment to your registration statement and the
information you
provide in response to this letter, we may have additional comments.

Registration Statement on Form S-4
Prospectus Summary, page 9

1.     Please revise to provide prominent disclosure clarifying the related
party nature of the
       transaction, a summary describing the combined company's various
businesses, and an
       explanation of the extent to which operations are meant to be combined.
In this regard,
       please include:

             a graphic depicting the corporate structure of the various
subsidiaries and holding
           companies before and after the proposed transaction, including
identification of the
           nature of their operations, such as the cinema entertainment and
reinsurance
           operations;
             quantification of the approximate percentages of the combined
company's revenues
           attributed to each significant business;
             clarification of how the very different businesses are expected to
be run and/or
 July 10, 2024
Page 2

           integrated, particularly in areas like operational processes,
management oversight and
           resource allocation; and
             further clarification of anticipated synergies, such as any cost
savings from shared
           services and enhanced operational efficiencies.
Where You Can Find More Information, page 61

2.     We note the list of filings on page 62, which you state are incorporated
by reference. It
       appears that you are not S-3 eligible and are, therefore, ineligible to
incorporate by
       reference. Please revise to provide all required information or an
analysis as to why you
       believe you are eligible to incorporate by reference.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

       Please contact Robert Arzonetti at 202-551-8819 or James Lopez at
202-551-3536 with
any other questions.



                                                            Sincerely,

                                                            Division of
Corporation Finance
                                                            Office of Finance
cc:   Amy Bowler