FG Nexus Inc.

FG Nexus Inc. announced updates to its share repurchase programs and executive compensation, reflecting a reduced scale of operations in its digital asset business. The company repurchased 35% of its outstanding common stock and 30% of its Series A Preferred Stock. Additionally, the annual base salaries for Jose Vargas, Head of Business Development, and Theodore Rosenthal, President of the Digital Assets Division, were significantly reduced from $150,000 to $30,000. As of June 5, 2026, FG Nexus held $36.1 million in cash and $20.3 million in digital assets.

FG Nexus Inc. announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. The dividend is for the period from March 15, 2026, to June 14, 2026, and is payable on June 15, 2026, to shareholders of record as of June 1, 2026. This marks the 33rd consecutive quarter the company has paid a dividend on its Preferred Stock, demonstrating a consistent return of capital to preferred shareholders.

FG Nexus Inc. announced a quarterly cash dividend of $0.50 per share on its 8.00% Cumulative Preferred Stock, Series A. This marks the 33rd consecutive quarter the company has paid a dividend on its Preferred Stock. The dividend is payable on June 15, 2026, to shareholders of record as of June 1, 2026, demonstrating the company's ongoing commitment to returning capital to its preferred shareholders.

FG Nexus Inc. reported a net loss of $(38.6) million for the first quarter of 2026, a significant increase from $(9.7) million in Q1 2025, primarily due to realized and unrealized losses on digital assets. Total revenue slightly decreased to $232 thousand. The company is actively reviewing strategic alternatives, including a potential business combination with FG Communities, Inc., to advance its real-world asset tokenization strategy. Additionally, FG Nexus completed the sale of its reinsurance business and implemented a 1-for-5 reverse stock split.

FG Nexus Inc. announced the formation of a Special Committee of its Board of Directors to evaluate strategic alternatives. This includes a previously announced potential business combination with FG Communities, Inc., a related party focused on manufactured housing communities. The company aims to accelerate its strategic expansion into income-producing affordable housing, providing a durable foundation for long-term growth. The Special Committee has engaged an independent financial advisor, but discussions are preliminary, and there is no assurance the transaction will be pursued or consummated.

FG Nexus announced the formation of a Special Committee of its Board of Directors, comprised solely of independent directors, to evaluate strategic alternatives for enhancing long-term stockholder value. Initially, the committee will assess a previously announced potential business combination with FG Communities, Inc., a real estate investment company focused on affordable manufactured housing. This proposed transaction is considered a related party transaction due to affiliations with FG Nexus's Chairman and CEO. The company believes this combination could accelerate its expansion into income-producing affordable housing, providing a durable foundation for long-term growth.

FG Nexus Inc. filed an amendment to its annual report on Form 10-K/A for the fiscal year ended December 31, 2025. The company confirmed its status as a non-accelerated filer and a smaller reporting company. As of June 30, 2025, the aggregate market value of its common stock held by non-affiliates was approximately $13.2 million.

FG Nexus Inc. (FGNX) announced that its Board of Directors is reviewing a potential business combination with FG Communities, Inc., a company established by the founders of Fundamental Global LLC. This strategic move aims to accelerate FGNX's real-world asset (RWA) tokenization strategy, with an initial focus on affordable housing, particularly manufactured housing communities in the United States. Given the related party nature of the potential transaction, the Board intends to establish a special committee of independent directors to evaluate the proposal and secure a fairness opinion from an independent financial advisor. While the company believes this strategy aligns its digital asset platform with durable assets, discussions are preliminary, and there is no assurance that the transaction will be pursued or consummated.