FG Nexus Announces 1-for-5 Reverse Stock Split
Globenewswire·2026-02-09 12:30

Core Viewpoint - FG Nexus Inc. has announced a one-for-five reverse stock split aimed at enhancing trading liquidity and broadening its appeal to institutional investors, effective February 13, 2026 [1][3]. Group 1: Reverse Stock Split Details - The reverse stock split will convert every five shares of FG Nexus common stock into one share, maintaining the trading symbol "FGNX" on Nasdaq [2]. - The number of outstanding shares will decrease from approximately 32,776,218 to about 6,555,243 shares post-split, potentially increasing the per-share price [3]. - The authorized shares will be reduced from 900 billion to 180 billion shares, with no fractional shares issued; instead, cash payments will be provided for any fractional shares [3][4]. Group 2: Strategic Intent - The reverse stock split is part of a strategy to enhance the stock's appeal to institutional investors and improve trading liquidity while executing an Ethereum-focused treasury strategy [3]. - The company aims to position itself for growth by consolidating shares and providing efficient access to the expanding Ethereum ecosystem [3]. Group 3: Company Overview - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets, intending to enhance treasury yield through staking ETH and deploying yield strategies [6].

FG Nexus Announces 1-for-5 Reverse Stock Split - Reportify