---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-000516"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2024-01-04T23:59:59+00:00"
generated_at: "2026-06-07T03:57:29.707170+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# FG Financial and FG Group Holdings sign definitive merger; combined company to be renamed Fundamental Global Inc.

## Summary
- Each FGH common share will convert into one share of FGF common stock; legacy FGH stockholders to own 72% of combined entity.
- Combined company expected to have over $110M total assets and over $65M annual revenue; over $3M expense savings targeted in first year.
- Kyle Cerminara to serve as CEO of combined company; transaction expected to close in early 2024 subject to FGH stockholder approval.
- FG Group Holdings includes Strong Global Entertainment (SGE) and other holdings; FG Financial includes reinsurance and merchant banking.
- Merger approved by independent directors of both companies and by majority stockholder of FG Financial; FGH stockholder vote required.

## SEC filing metadata
- accession: 0001493152-24-000516
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2024-01-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315224000516/0001493152-24-000516-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315224000516/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-000516
- JSON: https://secwatch.observer/filing/0001493152-24-000516.json
- Plain text: https://secwatch.observer/filing/0001493152-24-000516.txt

## Key facts
- Material Agreements
  FG Nexus Inc. entered into Plan of Merger with FG Group Holdings Inc. (effective 2024-01-03).
  - Action: entry
  - Agreement: merger
  - Counterparty: FG Group Holdings Inc.
  - Effective: 2024-01-03
  source text: On January 3, 2024, FG Financial Group, Inc., a Nevada corporation (the "Company," "FGF" or "FG Financial") entered into a definitive plan of merger (the "Plan of Merger") with FG Group Holdings Inc., a Nevada corporation ("FGH" or " FG Group Holdings"), and FG Group LLC, a Nevada limited liability company and wholly-owned subsidiary of the Company (the "Merger Sub").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315224000516/0001493152-24-000516-index.htm

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