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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 Provides Update on Common and Preferred Share Buyback Programs and ETH Holdings
Globenewswire· 2026-01-21 12:30
Core Viewpoint - FG Nexus Inc. is actively engaging in share buyback programs and managing its ETH holdings to enhance shareholder value and strengthen its digital asset treasury strategy [1][4]. Share Buyback Program - As of January 20, 2026, the company has repurchased approximately 9.9 million shares of common stock at an average price of $3.24 per share and about 53 thousand shares of preferred stock at an average price of $24.16 per share [2]. - The company has repurchased over 23% of its outstanding common shares at a substantial discount to net asset value, demonstrating a strategic approach to capital management [4]. ETH Holdings and Financial Position - The company holds 37,594 ETH as of January 20, 2026, with total debt outstanding at $1.9 million [3]. - The outstanding shares of common stock are 33.6 million, and preferred stock is 0.8 million, with a net asset value per share of approximately $3.58 [3]. Strategic Focus - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets, aiming to enhance yield through staking ETH and implementing additional yield strategies [5].
FG Nexus Provides Update on Common Share Buyback Program, ETH Holdings and NAV per Share
Globenewswire· 2025-12-18 14:29
Core Insights - FG Nexus Inc. has repurchased approximately 7.0 million shares of its common stock at an average price of $3.17 per share from October 23, 2025, to December 17, 2025, representing over 16% of its outstanding shares at a substantial discount to net asset value [1][3] - As of December 17, 2025, the company holds 40,088 ETH and cash and USDC holdings of approximately $25.2 million, with total debt outstanding at $11.9 million and a net asset value per share of approximately $3.53 [2][3] - The company aims to enhance its treasury yield by staking its ETH and implementing additional yield strategies while positioning itself as a strategic gateway into digital-asset-powered finance [4] Stock Buyback Program - The stock buyback program has successfully repurchased 7.0 million shares, which is over 16% of the outstanding shares, at an average price of $3.17 per share [1][3] - The company plans to continue buying back shares below net asset value while maintaining a strong ETH and cash balance [3] Financial Position - As of December 17, 2025, FG Nexus holds 40,088 ETH and approximately $25.2 million in cash and USDC [2] - The total debt outstanding is reported at $11.9 million, with outstanding shares of common stock totaling 36.5 million [2] - The net asset value per share is approximately $3.53, indicating a potential opportunity for investors [2] Strategic Focus - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets [4] - The company plans to stake its ETH and implement additional yield strategies to enhance treasury yield [4]
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
Core Viewpoint - FG Nexus Inc. has appointed Scott D. Wollney as Lead Independent Director, leveraging his extensive experience in financial services to enhance the company's strategic direction in digital asset treasury management [1][3]. Group 1: Leadership Appointment - Scott D. Wollney has been a director at FG Nexus for the past 10 years and currently chairs the Audit Committee [1]. - Wollney brings over 30 years of experience in the financial services industry and is the President and CEO of Atlas Financial Holdings, Inc. [2]. - His educational background includes an MBA from Northwestern University's Kellogg School of Management and a Bachelor of Arts from the University of Illinois [2]. Group 2: Company Strategy - FG Nexus is focused on building a digital asset treasury and a platform for tokenizing real-world assets [3]. - The company plans to enhance the yield on its treasury by staking ETH and implementing additional yield strategies [3]. - FG Nexus aims to position itself as a strategic gateway into digital-asset-powered finance, including tokenized real-world assets and stablecoin-based yield solutions [3].
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]