FG Nexus Announces Agreement to Sell FG Reinsurance Division to Devondale Holdings, Led by Tom Heise
Globenewswire·2025-10-23 11:30
Strategic Transaction Accelerates FG Nexus ETH Treasury Strategy Positions FG Reinsurance as a Pioneer in Tokenized Reinsurance Charlotte, NC, Oct. 23, 2025 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company” or “FG Nexus”), today announced an agreement to sell a majority stake in FG Reinsurance Ltd. and FG Re Solutions Limited (the “FG Reinsurance Division”) to Devondale Holdings LLC (“Devondale”) led by industry veteran Tom Heise. Through the transaction, FG Nexus will receive approxima ...