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3w ago

FG Nexus Readies August Trading as $200M Ether Fundraise Nears Close

FG Nexus will begin trading under FGNX/FGNXP as it finalizes a $200 million Ether reserve with focused staking operations

Fg nexus debuts with $200m raise and ether treasury strategy on ethereum's 10th birthday
Nasdaq
Fundamental global inc. announces $200 million private placement and launches ethereum treasury strategy on ethereum’s 10th birthday

Overview

  • The private placement of 40 million prefunded $5 warrants is set to close around August 1, raising $200 million for FG Nexus’s digital asset strategy.
  • Proceeds will build an Ether-centric treasury to generate staking yields and enable exposure to tokenized real-world assets.
  • Galaxy Digital will oversee the company’s treasury and staking infrastructure while Kraken manages on-chain staking operations.
  • Joe Moglia joins FG Nexus as executive advisor and Maja Vujinovic leads the company’s digital asset strategy team.
  • Shares surged in premarket trading but closed July 30 down 13.7% as investors weighed the firm’s strategic shift toward Ethereum.