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FG Nexus Announces Preferred Share Repurchase Program
Globenewswire· 2025-12-09 14:15
Core Points - FG Nexus Inc. has announced a preferred share repurchase program to acquire up to 894,580 shares of its outstanding preferred shares, which is open-ended and allows for repurchases in the open market and negotiated transactions [1] - The program aims to optimize the company's capital structure and return value to shareholders when market conditions are favorable [2] - The timing and amount of repurchases will depend on various factors, including market conditions and the company's financial performance, with no obligation to repurchase a specific number of shares [3] Company Overview - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets, planning to enhance yield on its treasury by staking ETH and implementing additional yield strategies [4]
FG Nexus Further Enhances Governance and Appoints Scott D. Wollney as Lead Independent Director
Globenewswire· 2025-12-08 21:30
Charlotte, NC, Dec. 08, 2025 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company”), today announced the appointment of Scott D. Wollney as Lead Independent Director of the Company's Board of Directors. Mr. Wollney has served as a director of the Company for the past 10 years, and currently chairs the Audit Committee and is a member of the Compensation & Management Resources Committee. Mr. Wollney brings over 30 years of experience in the financial services industry. He currently serves as ...
FG NEXUS ANNOUNCES THIRD QUARTER HIGHLIGHTS AND SHAREHOLDER UPDATE
Globenewswire· 2025-11-20 13:53
Core Insights - FG Nexus has implemented a $200 million common share buyback program to enhance shareholder value and increase net asset value (NAV) [2][4][6] - As of September 30, 2025, the company holds 50,778 ETH, $7.5 million in cash, and has total debt of $1.9 million, with total shareholders' equity at $231 million [3] - The company has repurchased 3.4 million common shares at an average price of approximately $3.45 per share since the buyback program commenced [4][6] Financial Metrics - Total ETH Holdings: 50,778 ETH as of September 30, 2025 [3] - Cash and Cash Equivalents: $7.5 million [3] - Total Debt: $1.9 million [3] - Total Shareholders' Equity: $231 million [3] - Book Value per Common Share: $5.80 [3] - As of November 19, 2025, the company holds 40,005 ETH and cash and USDC holdings of approximately $37 million, with total debt outstanding at $11.9 million [5] Share Buyback Program - The company commenced its share buyback program on October 23, 2025, borrowing approximately $10 million and selling 10,922 ETH to fund the repurchases [4] - The buyback has resulted in the repurchase of 8% of shares outstanding at a substantial discount to NAV [6] Strategic Focus - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets [7] - The company plans to stake its ETH and implement additional yield strategies to enhance the yield on its treasury [7]
FG Nexus Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series A
Globenewswire· 2025-11-17 12:30
Core Points - FG Nexus Inc. has declared a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock for the period from September 15, 2025, to December 14, 2025, payable on December 15, 2025 [1][2] - The Preferred Stock is listed on the Nasdaq Stock Market under the ticker symbol "FGNXP" [2] - FG Nexus aims to become the largest corporate holder of ETH globally and plans to enhance its ETH yield through staking and other yield strategies [3] Company Overview - FG Nexus is focused on Ethereum and intends to serve as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [3]
FG Nexus to Present at the 2025 Cantor Crypto & AI/Energy Infrastructure Conference
Globenewswire· 2025-11-10 12:30
Company Overview - FG Nexus is focused on becoming the largest corporate holder of ETH globally by a significant margin [3] - The company operates on the Ethereum Standard and aims to enhance its ETH yield through staking and other yield strategies [3] Conference Participation - Management will present FG Nexus' ETH treasury strategy and its outlook on Ethereum's long-term impact on global financial markets at the Cantor Crypto & AI/Energy Infrastructure Conference from November 10-12, 2025 [2] - One-on-one meetings with investors will be available during the conference [2] Strategic Initiatives - FG Nexus intends to serve as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [3]
FG Nexus Announces Listing on Deutsche Börse in Germany U.S. NASDAQ Ticker is FGNX and German Borse Ticker is LU51
Globenewswire· 2025-10-30 11:30
Core Points - FG Nexus has announced its common stock is now listed on the Deutsche Börse in Germany under the ticker symbol "LU51," enhancing its global accessibility and capital access for European investors [1][2][3] - The listing is a significant milestone in FG Nexus's international expansion strategy, providing European investors the opportunity to engage with the company's Ethereum treasury strategy and long-term growth initiatives [2][3] - The CEO of FG Nexus emphasized that this listing marks an important step in their global expansion and reflects the international appeal of their Ethereum-focused strategy, aiming to build relationships with the European investment community [3] Company Overview - FG Nexus Inc. is focused on becoming the largest corporate holder of Ethereum (ETH) globally, with plans to enhance ETH yield through staking and other yield strategies [4] - The company aims to serve as a strategic gateway into Ethereum-powered finance, including tokenized real-world assets (RWAs) and stablecoin yield [4]
FG Nexus Announces Commencement of Options Trading on NYSE
Globenewswire· 2025-10-24 11:30
Company Overview - FG Nexus has announced that its common stock is now available for options trading on NYSE Arca Options and NYSE American Options, enhancing trading opportunities for investors [1][2] - The options trade under the ticker "FGNX" and feature standard expiration dates and strike prices, which is expected to improve share liquidity and provide greater flexibility for risk management [2] Strategic Initiatives - The company aims to become the largest corporate holder of Ethereum (ETH) globally, focusing on enhancing its ETH yield through staking and other yield strategies [3] - FG Nexus is executing an Ethereum treasury strategy, reflecting growth in investor interest and confidence in its long-term strategic outlook [2][3] Leadership Perspective - CEO Kyle Cerminara emphasized that the availability of options trading marks a significant advancement in the company's evolution and is part of its efforts to drive long-term shareholder value [3]
FG Nexus Signs Non-Binding Letter of Intent to Sell Quebec Property
Globenewswire· 2025-10-22 11:30
Core Viewpoint - FG Nexus has signed a non-binding letter of intent to sell its Quebec property for $10 million, which is expected to generate approximately $8 million in net pretax proceeds after mortgage repayment [1][3]. Group 1: Transaction Details - The sale is part of FG Nexus's strategy to focus on becoming the dominant corporate stakeholder of ETH and will provide additional cash resources for share repurchase [2]. - The transaction is anticipated to close in the first quarter of 2026, subject to definitive agreements and customary closing conditions [3]. Group 2: Company Strategy - FG Nexus aims to become the largest corporate holder of ETH globally and plans to enhance its ETH yield through staking and other yield strategies [4].
FG Nexus Initiates $200 Million Share Buyback Program
Globenewswire· 2025-10-20 12:00
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]
FG Nexus to Ring the Nasdaq Closing Bell
Globenewswire· 2025-10-10 11:30
Core Insights - FG Nexus will ring the Nasdaq closing bell on October 13, 2025, marking a significant milestone in its mission to become the largest corporate holder of ETH globally [1][2] - The company emphasizes its commitment to pioneering Ethereum-powered finance and enhancing shareholder value [2][4] Company Overview - FG Nexus Inc. is focused on becoming the largest corporate holder of ETH by an order of magnitude and plans to implement yield strategies, including staking and tokenized real-world assets [4] - The company aims to serve as a strategic gateway into Ethereum-powered finance, which includes stablecoin yield [4] Event Details - The Nasdaq Closing Bell ceremony will be broadcast live starting at 3:45 PM ET on October 13, 2025 [3]