other material
confidence high
sentiment neutral
materiality 0.60
FG Nexus effects 1-for-5 reverse stock split, reduces authorized common shares to 180M
FG Nexus Inc.
- 1-for-5 reverse stock split effective 9:30 a.m. ET on Feb 13, 2026; common stock begins trading split-adjusted under FGNX.
- Authorized common shares reduced from 900M to 180M; outstanding shares expected to shrink from ~32.8M to ~6.55M.
- No fractional shares issued; cash paid in lieu; proportionate adjustments made to options/warrants.
- Par value of common stock unchanged; no effect on preferred stock (FGNXP) authorized shares or par value.
- Stockholders holding shares in brokerage accounts need no action; paper certificate holders may exchange with transfer agent.