Workflow
ETH treasury strategy
icon
Search documents
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 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 CEO of Digital Assets Maja Vujinovic to Participate in the 2025 Clear Street Disruptive Technology Conference
Globenewswire· 2025-11-19 12:30
Core Insights - FG Nexus is focused on building a digital asset treasury and a platform for the tokenization of real-world assets [3] - The company plans to enhance the yield on its treasury by staking ETH and implementing additional yield strategies [3] - CEO Maja Vujinovic will participate in a panel discussion at the Clear Street Disruptive Technology Conference on November 20, 2025 [1][2] Company Overview - FG Nexus (Nasdaq: FGNX, FGNXP) aims to position itself as a strategic gateway into digital-asset-powered finance, including tokenized real-world assets (RWAs) and stablecoin-based yield solutions [3] - The company is actively engaging with investors through one-on-one meetings during the conference [2]
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]