Fundamental Global Inc. Announces $200 Million Private Placement and Launches Ethereum Treasury Strategy on Ethereum’s 10th Birthday

Core Insights - Fundamental Global Inc. is rebranding to FG Nexus Inc. and has announced a private placement of 40 million prefunded common stock warrants priced at $5.00 each, aiming for gross proceeds of $200 million to support its Ethereum treasury strategy [1][4][5] Company Overview - FG Nexus Inc. will focus on capital markets engineered for Ethereum, which serves as the foundation for digital finance, stablecoins, and tokenized assets [2] - The company aims to provide multiple value drivers beyond ETH price appreciation, including staking rewards and access to tokenized real-world asset opportunities [2] Strategic Partnerships - Notable strategic and financial investors in the private placement include Galaxy Digital, Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic [3] - Galaxy Digital will act as a strategic advisor, managing FG Nexus's Ethereum treasury and providing asset management and infrastructure support [3] Leadership Team - Maja Vujinovic, an early blockchain pioneer, will lead the digital asset business as CEO [5] - The leadership team includes Theodore Rosenthal, President of Digital Assets, and Jose Vargas, Head of Business Development, both with extensive experience in digital assets and finance [6][8] Financial Strategy - The net proceeds from the offering will be used to purchase ETH, which will be the primary treasury reserve asset for the company [4] - FG Nexus plans to leverage its digital expertise in merchant banking and reinsurance to promote Ethereum adoption in real-world finance [4] Future Developments - The closing of the offering is expected around August 1, 2025, pending customary closing conditions [5] - The company will also establish FG CVR Trust to hold legacy non-core assets, providing common shareholders with a non-transferable Contingent Value Right linked to the monetization of these assets [10]