FG Nexus Inc.

FG Communities Holdings Inc. (formerly FG Nexus Inc.) filed its Form 10-Q for the period ending September 30, 2026. The company reported a net loss of $355,000 for the three months ended September 30, 2026, with total revenue of $232,000. Significant decreases in total assets, liabilities, and stockholders' equity were observed compared to the previous fiscal year-end. The company also completed a 1-for-5 reverse stock split effective February 13, 2026, and has been transitioning its business focus towards real estate, exiting its digital asset business.

FG Nexus Inc. reported a net loss attributable to common shareholders of $18.6 million for the second quarter of 2026 and $57.6 million for the six months ended June 30, 2026. The company completed its exit from the digital asset business in June 2026 to focus on real estate, including a potential business combination with FG Communities. A 1-for-5 reverse stock split became effective in February 2026.

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.

FG Nexus announced a significant strategic shift, with its Board of Directors authorizing the establishment of a new real estate operating subsidiary focused on land-lease manufactured housing properties. The company plans to exit its digital asset business and reallocate capital towards real estate acquisitions, aiming to build a leading platform for tangible assets and income-producing affordable housing. As part of this transition, Maja Vujinovic, Co-Founder and CEO of the Digital Assets Division, will step down from her role and the Company’s Board of Directors.

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.