---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-020017"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:15:59.431758+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-23-020017
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315223020017/0001493152-23-020017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315223020017/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-020017
- JSON: https://secwatch.observer/filing/0001493152-23-020017.json
- Plain text: https://secwatch.observer/filing/0001493152-23-020017.txt

## Key facts
- Material Agreements
  FG Nexus Inc. terminated Sales Agreement with ThinkEquity (effective 2023-05-26).
  - Action: termination
  - Agreement: atm program
  - Counterparty: ThinkEquity
  - Effective: 2023-05-26
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315223020017/0001493152-23-020017-index.htm
- Material Agreements
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315223020017/0001493152-23-020017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.