Business UpdateJul 1, 2026, 09:31 AM
FG Nexus to Exit Digital Assets, Form Real Estate Unit; CEO Departs
AI Summary
FG Nexus Inc. announced a strategic decision to establish a new real estate operating subsidiary and exit its digital asset business. This move aims to build a leading platform for tangible assets, focusing on manufactured housing properties. In connection with this strategic shift, Maja Vujinovic, CEO of the Digital Assets Division, departed from her role and the Board, entering a 6-month consulting agreement for $325,000 and receiving a severance package.
Key Highlights
- FG Nexus to establish a new real estate operating subsidiary focused on land-lease manufactured housing.
- Company authorized to exit its digital asset business and reallocate capital to real estate.
- Maja Vujinovic, CEO - Digital Assets Division, ceased employment and resigned from the Board.
- Mrs. Vujinovic will serve as a strategic consultant for 6 months for a fee of $325,000.
- Severance includes $300,000 cash, $150,000 prorated 2026 bonus, and COBRA continuation.
- Mrs. Vujinovic will receive a warrant to purchase 25,000 shares of common stock.
Price Impact
More from FGNX