FUNDAMENTAL GLOBAL INC. SUCCESSFULLY CLOSES $200 MILLION PRIVATE PLACEMENT TO ACCELERATE ETHEREUM TREASURY STRATEGY

Company Overview - Fundamental Global Inc. will be renamed FG Nexus Inc. and will change its Nasdaq symbols to FGNX and FGNXP [2] - The company aims to become the largest corporate holder of Ethereum (ETH) globally [13] Financial Milestone - FG Nexus successfully closed a $200 million private placement, marking a significant milestone in its transition to a premier Ethereum-focused company [2][4] - The offering included 40 million prefunded common stock warrants priced at $5.00 each, attracting participation from notable investors such as Galaxy Digital and Kraken [3] Strategic Focus - The net proceeds from the private placement will be used to accelerate FG Nexus's Ethereum acquisition strategy, targeting a 10% stake in the Ethereum Network [4] - The company plans to establish ETH as its primary treasury reserve asset, capitalizing on Ethereum's role in digital finance and as a settlement layer for stablecoins and DeFi protocols [4] Management Team - Maja Vujinovic, an early blockchain pioneer, has been appointed as CEO of Digital Assets, leading the company's digital asset strategy [6] - The management team includes Theodore Rosenthal, President of Digital Assets, and Jose Vargas, Head of Business Development, both of whom bring extensive experience in finance and digital assets [7][8] Value Proposition - FG Nexus aims to create multiple value drivers beyond ETH price appreciation, including staking rewards and access to tokenized real-world asset opportunities [4] - The company is focused on establishing institutional standards for Ethereum treasury management, promoting a sustainable model that benefits shareholders and the Ethereum network [5]