FG Nexus Initiates $200 Million Share Buyback Program

Core Points - FG Nexus plans to initiate a $200 million share repurchase program and has entered into an agreement with ThinkEquity for immediate buyback purchases [1][2] - The company aims to purchase shares below the estimated Net Asset Value (NAV) of approximately $5.10 per share as of October 20, 2025 [1][2] - CEO Kyle Cerminara emphasized that buying back stock at current levels is beneficial for shareholders and reflects confidence in the company's ETH treasury strategy [2] Share Repurchase Program - The timing and amount of repurchases will depend on market conditions, financial performance, and other investment opportunities [3] - The company is not obligated to repurchase a specific number of shares and may suspend or modify the program at any time [3] - ThinkEquity will conduct purchases in accordance with Rule 10b-18, allowing up to 25% of daily trading volume while the stock trades below $5.00 per share [2] Financial Strategy - FG Nexus will not utilize its At-the-Market (ATM) facility while trading below NAV to avoid dilution on an ETH per share basis [4] - The company reserves the right to use the ATM facility in an accretive manner if market conditions change [4] Company Overview - FG Nexus Inc. is focused on becoming the largest corporate holder of ETH globally and aims to enhance ETH yield through staking and other yield strategies [5]