---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-018733"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2025-10-21T23:59:59+00:00"
generated_at: "2026-05-17T03:01:47.979512+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FG Nexus initiates $200M share buyback program; purchases below NAV per share

## Summary
- Board-approved $200M repurchase program; will buy shares below ~$5.10 NAV per share as of Oct 20, 2025.
- ThinkEquity to execute Rule 10b-18 purchases up to 25% of daily volume while stock trades below $5.00.
- Company will not use ATM facility while trading below NAV to avoid dilution on an ETH per share basis.
- CEO Kyle Cerminara cites discount to ETH value and confidence in treasury strategy as rationale.

## SEC filing metadata
- accession: 0001493152-25-018733
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2025-10-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000149315225018733/0001493152-25-018733-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000149315225018733/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-018733
- JSON: https://secwatch.observer/filing/0001493152-25-018733.json
- Plain text: https://secwatch.observer/filing/0001493152-25-018733.txt

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