FG Financial (US:FGF) Globenewswireยท2025-08-01 13:45Core Viewpoint - Fundamental Global Inc. is forming a CVR Trust for its common shareholders, providing a special distribution of Contingent Value Rights (CVR) that will entitle holders to future cash distributions and other benefits as the trust liquidates its assets [1][2][3] Group 1: Special Distribution and Trust Formation - Approximately 1.3 million common shareholders will receive a non-transferable CVR, entitling them to an initial cash distribution of $10.00 per common share, expected in September 2025 [2][9] - The CVR Trust will include cash, cash equivalents, and net assets from various operating businesses and equity holdings [6][9] - Future distributions from the CVR Trust may be in cash or in-kind securities as assets are monetized over time [3][9] Group 2: Strategic Transformation - The company has entered a definitive agreement for a $200 million private placement to support its strategic transformation, which includes a name change to FG Nexus Inc. and the implementation of an Ethereum Treasury Strategy [5][7] - The strategic direction focuses on blockchain innovation and the tokenization of real-world assets [5][7] - The company aims to retain approximately $5.00 per share in net asset value through retained holdings and the launch of its new strategy [9]