Charlotte, NC, Oct. 28, 2025 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the "Company" or "FG Nexus"), today announced that management will participate at the ThinkEquity Conference on October 30th, 2025 at the Mandarin Oriental Hotel in New York City. Management will deliver a presentation on FG Nexus’ ETH treasury strategy and the Company’s views of Ethereum’s long-term impact on global financial markets. They will also be available for one-on-one meetings during the conference. Investors may regi ...

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]

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]

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]

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]

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]