FG Nexus (FGNX) Company Report

FG Nexus Inc. provided an update on its common and preferred share buyback programs and ETH holdings as of January 20, 2026.
Through January 20, 2026, the company repurchased approximately 9.9 million shares of common stock at an average price of approximately $3.24 per share, and approximately 53 thousand shares of preferred stock at an average price of approximately $24.16 per share.
As of January 20, 2026, FG Nexus held 37,594 ETH, with $1.9 million in total debt outstanding, 33.6 million outstanding common shares, 0.8 million outstanding preferred shares, and a net asset value of approximately $3.58 per share.
Chairman & CEO Kyle Cerminara stated that over 23% of outstanding common stock has been repurchased since the program's announcement, at a substantial discount to net asset value.

Jan 21, 2026, 9:30 PM

8-K

FG Nexus Provides Update on Share Buyback Program, ETH Holdings, and NAV per Share

FGNX

Share Buyback

New Projects/Investments

Guidance Update

FG Nexus Inc. repurchased approximately 7.0 million shares of its common stock at an average price of approximately $3.17 per share between October 23, 2025, and December 17, 2025, representing over 16% of outstanding shares.
As of December 17, 2025, the company reported holdings of 40,088 ETH and approximately $25.2 million in cash and USDC.
The company's net asset value per share was approximately $3.53 as of December 17, 2025, with total debt outstanding of $11.9 million and 36.5 million common shares outstanding.

Dec 19, 2025, 10:25 PM

8-K

FG Nexus Announces Preferred Share Repurchase Program

FGNX

Share Buyback

FG Nexus Inc. announced on December 9, 2025, that its Board of Directors approved a preferred share repurchase program.
The program authorizes the company to acquire up to 894,580 shares of its outstanding preferred shares.
This repurchase program is open-ended and allows the company to buy back shares from time to time in the open market and through negotiated transactions.
The company's Chairman & CEO, Kyle Cerminara, stated that this initiative provides flexibility to optimize the capital structure and return value to shareholders.

Dec 10, 2025, 9:30 PM

8-K

FG Nexus Announces Third Quarter Highlights and Shareholder Update

FGNX

Earnings

Share Buyback

New Projects/Investments

FG Nexus Inc. launched a new strategy in Q3 2025 focusing on digital asset treasury and real-world asset (RWA) tokenization, supported by a $200 million capital raise and the announcement of a $200 million common share buyback program.
As of September 30, 2025, the company held 50,778 ETH and reported $7.5 million in cash and cash equivalents, with a book value per common share of $5.80.
By November 19, 2025, FG Nexus had repurchased 3.4 million common shares at an average price of approximately $3.45 per share, and its holdings included 40,005 ETH and approximately $37 million in cash and USDC, with a net asset value per share of approximately $3.94.

Nov 21, 2025, 1:12 PM

8-K

FG Nexus Inc. Secures $10 Million Digital Currency Loan

FGNX

Debt Issuance

New Projects/Investments

FG Nexus Inc. entered into a Master Digital Currency Loan Agreement on October 29, 2025, to facilitate borrowing digital currency or dollars.
A specific Loan Term Sheet was executed on October 30, 2025, for a $10,000,000 evergreen loan with a 7.9% borrow fee.
The loan is secured by Staked ETH with an initial collateral level of 170% and a margin call rate of 140%.
An Account Control Agreement was also established on October 29, 2025, granting the lender a security interest in the company's ETH holdings maintained by a custodian.

Nov 4, 2025, 10:30 PM

8-K

FG Nexus Lists Common Stock on Deutsche Börse

FGNX

New Projects/Investments

Delisting/Listing Issues

FG Nexus Inc. (FGNX) announced on October 30, 2025, that its common stock is now listed for trading on the Deutsche Börse in Germany.
The company's common stock trades under the ticker symbol "LU51" on the Deutsche Börse, while its U.S. NASDAQ ticker is FGNX.
This international listing is intended to expand global accessibility, increase access to capital, provide direct access for European investors, and enhance share liquidity.
CEO Kyle Cerminara stated that this listing is a significant step in their global expansion, supporting their mission to become the dominant corporate stakeholder of Ethereum.

Oct 30, 2025, 12:20 PM

8-K

FG Nexus Announces Sale of Reinsurance Division

FGNX

M&A

New Projects/Investments

FG Nexus Inc. (FGNX) announced an agreement on October 23, 2025, to sell a majority stake in its FG Reinsurance Division (FG Reinsurance Ltd. and FG Re Solutions Limited) to Devondale Holdings LLC, led by industry veteran Tom Heise.
The consideration for FG Nexus includes approximately $3.0 million cash, a $1.25 million note, and 40% equity ownership of Devondale. Additionally, $3.3 million of collateral that FG Nexus's subsidiary FGRH had posted on behalf of the FG Reinsurance Division will be released.
This strategic transaction aims to sharpen FG Nexus's focus on Ethereum and reallocate resources toward ETH accumulation, with the goal of becoming the largest corporate holder of ETH.
The closing of the sale transaction is subject to regulatory approval and other closing conditions, and is anticipated to occur in the fourth quarter of 2025.
Upon closing, Devondale Holdings LLC will be owned 40% by FG Nexus's subsidiary FGRH, 40% by Saltire Capital Ltd, and 20% by Tom Heise.

Oct 28, 2025, 12:31 PM

8-K

FG Nexus Initiates $200 Million Share Buyback Program

FGNX

Share Buyback

FG Nexus Inc. announced on October 20, 2025, the initiation of its Board-approved $200 million share repurchase program.
The company has engaged ThinkEquity to immediately begin buyback purchases, targeting shares for less than its estimated Net Asset Value of approximately $5.10 per share as of October 20, 2025.
Purchases will adhere to Rule 10b-18, limiting buys to 25% of daily trading volume when the stock trades below $5.00 per share.
FG Nexus confirmed it will not use its At-the-Market (ATM) facility while trading below Net Asset Value to prevent dilution.

Oct 21, 2025, 12:30 PM

8-K

FG Nexus to Ring Nasdaq Closing Bell

FGNX

New Projects/Investments

FG Nexus Inc. is scheduled to ring the Nasdaq closing bell on Monday, October 13, 2025, at 4:00 PM ET.
The company's core mission is to become the largest corporate holder of ETH in the world.
To enhance its ETH yield, FG Nexus plans to stake and implement other yield strategies, positioning itself as a strategic gateway into Ethereum-powered finance, including tokenized RWAs and stablecoin yield.

Oct 10, 2025, 1:28 PM

8-K

FG Nexus Increases Authorized Shares to 1 Trillion

FGNX

Proxy Vote Outcomes

Convertible Preferred Issuance

New Projects/Investments

FG Nexus Inc. announced on October 8, 2025, that the Nevada Secretary of State declared effective an amendment to its articles of incorporation on October 7, 2025.
This amendment increases the total authorized shares to 1 trillion, consisting of 900 billion shares of common stock and 100 billion shares of preferred stock.
The amendment, which was previously approved by a majority of shareholders by written consent on September 4, 2025, provides the company with "maximum flexibility to increase ETH per share and deliver long-term shareholder value" according to CEO Kyle Cerminara.