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FG Nexus Announces Acceptance of Historic 1 Trillion Share Authorization by the State of Nevada
Globenewswire· 2025-10-08 11:30
Core Points - FG Nexus has received approval for its amended articles of incorporation, which increases its authorized shares to 1 trillion, comprising 900 billion common shares and 100 billion preferred shares [2][3] - The amendment aims to provide the company with flexibility to enhance its ETH per share and deliver long-term shareholder value, as stated by the CEO Kyle Cerminara [3] - FG Nexus is focused on becoming the largest corporate holder of ETH globally and plans to implement yield strategies, including staking and tokenized real-world assets [4] Company Overview - FG Nexus Inc. operates on the Ethereum Standard and is dedicated to maximizing its ETH holdings [4] - The company aims to serve as a strategic gateway into Ethereum-powered finance, which includes stablecoin yield and other financial innovations [4]
FG NEXUS REACHES 50,000 ETH HOLDING MILESTONE
Globenewswire· 2025-09-23 11:30
Company Overview - FG Nexus has reached a significant milestone by acquiring 50,000 ETH, valued at approximately $210 million based on an ETH price of $4,200 as of September 22, 2025 [2] - The company aims to become the largest corporate holder of ETH globally, focusing on enhancing its ETH yield through staking and restaking strategies [3] Strategic Initiatives - The implementation of the ETH Treasury strategy began in August 2025, with ongoing acquisitions to solidify the company's position in the Ethereum network [1][2] - The average purchase price for the company's ETH holdings is approximately $3,860, indicating a strategic investment approach [2] Leadership Perspective - Maja Vujinovic, CEO of Digital Assets at FG Nexus, emphasized the company's strong conviction that ETH will play a transformative role in the future of global finance [2]
FG NEXUS ACCELERATES TOTAL ETH HOLDINGS TO 49,715
Globenewswire· 2025-09-19 11:30
Company Overview - FG Nexus aims to become the largest corporate holder of ETH globally, focusing on Ethereum as a premier programmable asset for institutional reserves [3][4] - The company has increased its ETH holdings to 49,715 ETH, valued at approximately $229 million based on an average price of $4,598 per ETH [2] Strategic Initiatives - The company plans to enhance its ETH yield through staking and restaking, positioning itself as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [4] - CEO Maja Vujinovic emphasized the strategy to dominate as a corporate stakeholder in the Ethereum network [3] Recent Developments - FG Nexus recently purchased 1,087 ETH, contributing to its increased holdings [1]
FG Nexus Announces Shareholder Approval of Historic 1 Trillion Share Authorization
Prnewswire· 2025-09-16 12:00
Core Viewpoint - FG Nexus has received shareholder approval to increase its authorized shares to 1 trillion, which includes 900 billion common shares and 100 billion preferred shares, marking one of the largest share authorizations for a U.S. publicly traded company [1][2]. Group 1: Share Authorization and Strategy - The increase in authorized shares is expected to provide FG Nexus with maximum flexibility to execute its strategy of becoming the largest corporate holder of Ethereum (ETH) globally [2][3]. - The company aims to systematically acquire ETH to enhance ETH per share value for its shareholders, positioning itself as a dominant institutional holder of Ethereum [2][3]. Group 2: Shareholder Confidence and Long-term Goals - The historic authorization reflects shareholders' confidence in FG Nexus's Ethereum-focused strategy, which is seen as essential for maximizing long-term shareholder value [3]. - FG Nexus is committed to building long-term ETH per share growth and believes that Ethereum will be the backbone of the future financial system [3]. Group 3: Capital Structure and Market Adaptability - The new share authorization allows FG Nexus to adapt to future market opportunities and growth initiatives, supporting its focus on increasing Ethereum holdings [2][3]. - The company plans to enhance its ETH yield through staking and restaking, positioning itself as a strategic gateway into Ethereum-powered finance [3].
Fundamental Global Inc. Amends its Charter with the State of Nevada
Globenewswire· 2025-09-05 20:05
Core Points - The company has changed its name from Fundamental Global Inc. to FG Nexus Inc. and has increased its authorized shares significantly [5][2] - The conversion of automatic exercise pre-funded warrants has increased the company's common shares outstanding from 1.3 million to 35.4 million [2][3] - The company aims to become the largest corporate holder of ETH globally and will engage in staking and restaking to enhance its ETH yield [3][2] Company Changes - Total authorized shares of common stock will increase from 4 million to 1 billion [5] - Total authorized shares of preferred stock will increase from 100 million to 500 million [5] - Total authorized shares of Series A 8% cumulative preferred stock will increase from 1 million to 15 million [5] Strategic Focus - FG Nexus is focused on Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [3][2] - The company positions itself as a strategic gateway into the Ethereum ecosystem [3]
FUNDAMENTAL GLOBAL INC. ACCELERATES TOTAL ETH HOLDINGS TO 48,545
Globenewswire· 2025-08-25 11:30
Core Insights - Fundamental Global Inc has significantly increased its Ethereum (ETH) holdings to 48,545 ETH, valued at approximately $230 million based on the current market price [2][3] - The company aims to become the largest corporate holder of ETH globally, with a strategic plan to rapidly scale its holdings and target a 10% stake in the Ethereum network [3][5] - The average purchase price of the company's ETH is approximately $3,850, reflecting a recent acquisition of 1,111 ETH at an average price of $4,341 [1][3] Company Strategy - The company is focused on enhancing its ETH yield through staking and restaking, positioning itself as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [5] - CEO Maja Vujinovic emphasized Ethereum's status as the world's most productive reserve asset and the company's ambition to scale its holdings [4] Financial Position - As of August 25, 2025, the company's total ETH holdings represent a significant asset base, with the current market price of ETH at $4,737 [3] - The company's strategic investments in ETH are part of a broader initiative to leverage the growing cryptocurrency market and its associated financial opportunities [5]
FUNDAMENTAL GLOBAL INC. STRENGTHENS BOARD OF DIRECTORS WITH APPOINTMENT OF BLOCKCHAIN PIONEER MAJA VUJINOVIC AND SUCESSFUL SERIAL ENTERPRENEUR & VENTURE CAPITALIST JOSE VARGAS
Globenewswire· 2025-08-14 11:30
Core Insights - Fundamental Global Inc. has appointed Maja Vujinovic and Jose Vargas to its Board of Directors to enhance its Ethereum treasury strategy and public market expertise [1][2] - The company aims to become the largest corporate holder of ETH globally, focusing on staking and restaking to enhance ETH yield [5] Leadership Appointments - Maja Vujinovic brings extensive experience in digital assets and blockchain, having previously served as CIO of Emerging Technologies at GE and acquired the first bank for Tether [3] - Jose Vargas has a strong entrepreneurial background with successful exits in various companies and expertise in digital asset treasury strategies [4] Strategic Goals - The company is focused on capitalizing on Ethereum's role in digital finance, particularly as a settlement layer for stablecoins, DeFi protocols, and tokenized assets [2] - The governance structure is designed to support the execution of the company's Ethereum acquisition strategy [2]
FUNDAMENTAL GLOBAL INC. ANNOUNCES TICKER SYMBOL CHANGES EFFECTIVE AUGUST 11, 2025
Globenewswire· 2025-08-11 12:12
Company Overview - Fundamental Global Inc. is rebranding to FG Nexus and changing its ticker symbols to NASDAQ: FGNX for Common Stock and NASDAQ: FGNXP for Series A Preferred Shares, effective August 11, 2025 [1][2] - The company aims to become the largest corporate holder of Ethereum (ETH) globally, focusing on Ethereum-powered finance and enhancing ETH yield through staking [2][4] Financial Developments - The ticker change is part of a broader transformation following a recent $200 million private placement and a $5 billion shelf registration filing, establishing a significant capital framework in the ETH digital asset treasury sector [3][4] - The company is singularly focused on ETH, indicating a strategic pivot towards maximizing its holdings and financial operations within the Ethereum ecosystem [4]