FG Financial closes $1.6M public offering of 865,000 shares at $1.85 each

FG Nexus Inc.

Gross proceeds of $1,600,250; net proceeds of $1,388,232.50 after offering expenses.
865,000 shares sold; underwriters have 45-day option for up to 129,750 additional shares.
Proceeds to be used for working capital and general corporate purposes.
Terminated at-the-market sales agreement with ThinkEquity, effective May 26, 2023; 27,186 shares previously sold for $73,975.

item 1.01 item 1.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FG Nexus Inc. terminated Sales Agreement with ThinkEquity (effective 2023-05-26).

Action: termination
Agreement: atm program
Counterparty: ThinkEquity
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, the Company and ThinkEquity mutually agreed to terminate the Sales Agreement, dated as of November 3, 2022 (the “Sales Agreement”), between the Company and ThinkEquity, effective as of May 26, 2023

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

FG Nexus Inc. entered into Underwriting Agreement with ThinkEquity LLC (effective 2023-05-30).

Action: entry
Agreement: underwriting
Counterparty: ThinkEquity LLC
Effective: 2023-05-30

Exact text from the filing

On May 30, 2023, FG Financial Group, Inc. (the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with ThinkEquity LLC (“ThinkEquity”), as representative of the underwriters named therein

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38 material agreements filed in the last 30 days. Browse all material agreements →

FG Nexus Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-020017

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