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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 CEO of Digital Assets Maja Vujinovic to Participate in the 2025 Clear Street Disruptive Technology Conference
Globenewswire· 2025-11-19 12:30
Charlotte, NC, Nov. 19, 2025 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company” or “FG Nexus”), today announced that CEO of Digital Assets Maja Vujinovic will participate in the panel “Tokenizing the Future: Bridging Traditional and Digital Markets” at the Clear Street Disruptive Technology Conference on November 20, 2025 at 9:05 AM ET. Ms. Vujinovic and Kyle Cerminara, Chairman & CEO of FG Nexus, will also be available for one-on-one meetings during the conference. Investors may register for ...
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 to Present at the 2025 ThinkEquity Conference
Globenewswire· 2025-10-28 11:30
Core Viewpoint - FG Nexus is positioning itself as a significant player in the Ethereum market, aiming to become the largest corporate holder of ETH globally and focusing on yield strategies related to Ethereum [3]. Group 1: Company Overview - FG Nexus Inc. is listed on Nasdaq under the symbols FGNX and FGNXP [3]. - The company is focused on enhancing its ETH yield through staking and other yield strategies, while also acting as a gateway into Ethereum-powered finance [3]. Group 2: Upcoming Events - Management will present at the ThinkEquity Conference on October 30, 2025, discussing the ETH treasury strategy and the long-term impact of Ethereum on global financial markets [2]. - One-on-one meetings will be available for investors during the conference [2].
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]
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. 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]