{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-012189","form_type":"8-K","ticker":"FGNX","cik":"0001591890","company_name":"FG Nexus Inc.","filed_at":"2026-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.573859+00:00","generated_at":"2026-05-15T09:22:08.391921+00:00","sec_items":["2.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"FG Nexus completes FG Reinsurance Division sale with $1M cash payment","bullets":["Devondale tendered $1.0M cash to FGRH on March 23, 2026, completing the sale of FG Reinsurance Division.","Devondale funded the $1.0M via a loan from Saltire Capital Ltd (TSX-listed), giving Saltire a promissory note and 40% of Devondale's Class A voting units.","Previously, at First Closing (Jan 2, 2025), FGRH received release of $3.3M collateral and 40% of Devondale units."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-012189","json":"https://secwatch.observer/filing/0001493152-26-012189.json","markdown":"https://secwatch.observer/filing/0001493152-26-012189.md","text":"https://secwatch.observer/filing/0001493152-26-012189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:22:08.391921+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"477ab2ad89b0a8ebf439a8d542a1ae582901eae7","claim":"FG Nexus Inc. completed a disposition involving Devondale Holdings, LLC for $1 million in cash (closed 2026-03-23).","evidence_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","confidence":0.9},{"claim_id":"7644d3808aae62837c9e25b1eb58dc8fc9f16f7d","claim":"FG Nexus Inc. completed a disposition involving Devondale Holdings, LLC for release of $3.3 million of collateral and 40% of the Class A voting units of Devondale (closed 2025-01-02).","evidence_excerpt":"the Company completed the sale of the equity of FG Re and FG Solutions to Devondale in exchange for (1) the release of $3.3 million of collateral that FGRH had posted in connection with certain reinsurance contracts of the FG Reinsurance Division; and (2) 40% of the Class A voting units of Devondale","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","confidence":0.9}],"comparable_filings":[{"accession":"0001437749-26-015616","ticker":"GTN","company_name":"GRAY MEDIA, INC","filed_at":"2026-05-07T23:59:59+00:00","headline":"Gray Media closes $171M station acquisition from Allen Media Group","event_type":"m_and_a","sec_items":["2.01","7.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-015616","json":"https://secwatch.observer/filing/0001437749-26-015616.json","markdown":"https://secwatch.observer/filing/0001437749-26-015616.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/gtn20260505c_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"On May 1, 2026, the Company acquired the assets of WAAY (ABC) in Huntsville, Alabama, WSIL (ABC) in Paducah, Kentucky, Cape Girardeau, Missouri, and Harrisburg, Illinois, WEVV (CBS/FOX) in Evansville, Indiana, WFFT (FOX) in Ft. Wayne, Indiana, WCOV (FOX) and WIYE (IND) in Montgomery, Alabama, KADN (FOX) and KLAF (NBC) in Lafayette, Louisiana, and WREX (NBC) in Rockford, Illinois (collectively, together with the Allen 3, the “Allen Media Stations”) from AMG for a purchase price of $115 million plus working capital adjustments, which was funded using the Company’s available cash on hand.","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/43196/000143774926015616/0001437749-26-015616-index.htm"}},{"accession":"0001914496-26-000076","ticker":null,"company_name":"Sculptor Diversified Real Estate Income Trust, Inc.","filed_at":"2026-05-07T23:59:59+00:00","headline":"Sculptor Diversified Real Estate acquires JW Marriott Marco Island for $835M via $690M loan, $87M equity","event_type":"m_and_a","sec_items":["1.01","2.01","2.03","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001914496-26-000076","json":"https://secwatch.observer/filing/0001914496-26-000076.json","markdown":"https://secwatch.observer/filing/0001914496-26-000076.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1914496/000191449626000076/0001914496-26-000076-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1914496/000191449626000076/sreit-20260501.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"in 1982 and renovated in 2016) and the Lanai Tower (built in 2019). The MIH JV acquired a fee simple interest in the Property. The aggregate purchase price for the Property was $835.0 million. The acquisition was funded with $690 million of proceeds from the Loan (defined below) and the remainder from equity contributions from the members of the MIH JV (approximately","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1914496/000191449626000076/0001914496-26-000076-index.htm"}},{"accession":"0001493152-26-021306","ticker":"OTLC","company_name":"Oncotelic Therapeutics, Inc.","filed_at":"2026-05-05T23:59:59+00:00","headline":"Oncotelic completes merger transferring patent portfolio to Lunai for $20M Series B Preferred stock","event_type":"m_and_a","sec_items":["1.01","2.01","3.02","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-021306","json":"https://secwatch.observer/filing/0001493152-26-021306.json","markdown":"https://secwatch.observer/filing/0001493152-26-021306.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/908259/000149315226021306/0001493152-26-021306-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908259/000149315226021306/form8-k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"greement and Plan of Merger (the “Merger Agreement”) with Lunai Bioworks, Inc., a Delaware corporation (“Lunai”),\nLunai Bioworks IP, Inc., a Delaware corporation and a wholly owned subsidiary of Lunai (“Merger Sub”), Neurobridge IP Holdings","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/908259/000149315226021306/0001493152-26-021306-index.htm"}},{"accession":"0000775215-26-000050","ticker":"HBT","company_name":"HBT Financial, Inc.","filed_at":"2026-04-29T23:59:59+00:00","headline":"HBT Financial files CNB audited financials and pro forma for completed acquisition","event_type":"m_and_a","sec_items":["2.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0000775215-26-000050","json":"https://secwatch.observer/filing/0000775215-26-000050.json","markdown":"https://secwatch.observer/filing/0000775215-26-000050.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/775215/000077521526000050/0000775215-26-000050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/775215/000077521526000050/hbt-20260301.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"On March 1, 2026, HBT Financial, Inc. (“HBT Financial”) completed its previously announced acquisition (the “Merger”) of CNB Bank Shares, Inc., an Illinois corporation (“CNB”), pursuant to an Agreement and Plan of Merger, dated October 20, 2025 between HBT Financial, CNB, and HB-CNB Merger, Inc., a Delaware corporation (“MergerCo”) and wholly-owned subsidiary of HBT Financial (the “Merger Agreement”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/775215/000077521526000050/0000775215-26-000050-index.htm"}},{"accession":"0001683168-26-003177","ticker":"MDLK","company_name":"ModuLink Inc.","filed_at":"2026-04-24T23:59:59+00:00","headline":"ModuLink completes 60% acquisition of ASA Robotics for HKD 5M in preferred stock","event_type":"m_and_a","sec_items":["2.01","7.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003177","json":"https://secwatch.observer/filing/0001683168-26-003177.json","markdown":"https://secwatch.observer/filing/0001683168-26-003177.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1611046/000168316826003177/0001683168-26-003177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1611046/000168316826003177/modulink_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"for the acquisition, the Company issued 6,500 shares of its Series A Convertible Preferred Stock to Mr. Lam, representing\nan aggregate consideration of approximately HKD 5,000,000 (approximately USD 641,026). Following completion of the transaction, ASA Robotics\nbecame a majority-owned subsidiary of the Company. The remaining 40% equity interest in ASA","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1611046/000168316826003177/0001683168-26-003177-index.htm"}},{"accession":"0001683168-26-003159","ticker":"IVHI","company_name":"Invech Holdings, Inc.","filed_at":"2026-04-23T23:59:59+00:00","headline":"Invech buys sportypick.com sports betting platform for 5M restricted shares of IVHI stock","event_type":"m_and_a","sec_items":["1.01","2.01","3.02","8.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-26-003159","json":"https://secwatch.observer/filing/0001683168-26-003159.json","markdown":"https://secwatch.observer/filing/0001683168-26-003159.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/invech_8k.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"has agreed to sell and the Company has agreed to purchase the website and total code of the sports betting platform\nwww.sportypick.com owned by Day (the “Assets”) in exchange for 5,000,000 restricted shares of common stock of the Company\n(the “Shares”). The foregoing information is a summary of the\nAPA involved in the transaction described above, is not complete,","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1009919/000168316826003159/0001683168-26-003159-index.htm"}},{"accession":"0001213900-26-042313","ticker":"DFNS","company_name":"T3 Defense Inc.","filed_at":"2026-04-10T23:59:59+00:00","headline":"T3 Defense subsidiary Water IO sells Zorronet to BiomX for 1.3M shares and $1.25M note","event_type":"m_and_a","sec_items":["2.01","9.01"],"materiality_score":0.6,"calibrated_materiality_score":0.6,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-042313","json":"https://secwatch.observer/filing/0001213900-26-042313.json","markdown":"https://secwatch.observer/filing/0001213900-26-042313.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1787518/000121390026042313/0001213900-26-042313-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1787518/000121390026042313/ea0285348-8k_t3defense.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"with\nElbit Systems Ltd (TASE/Nasdaq: ESLT) and other top Israel’s preeminent defense prime contractors. As consideration for the Zorronet shares, BiomX\nissued to Water IO: (i) 1,300,000 shares of BiomX common stock; and (ii) a non-convertible promissory note in the principal amount of\n$1,250,000, bearing interest at the short-term applicable federal rate,","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1787518/000121390026042313/0001213900-26-042313-index.htm"}},{"accession":"0001437749-26-011299","ticker":"LSF","company_name":"Laird Superfood, Inc.","filed_at":"2026-04-06T23:59:59+00:00","headline":"Laird Superfood completes acquisition of Navitas for $38.5M; acquired co. had $45.3M sales in 2025","event_type":"m_and_a","sec_items":["2.01","9.01"],"materiality_score":0.55,"calibrated_materiality_score":0.55,"match_reasons":["same fact type: ma_transaction","same SEC item: 2.01","same event type: m_and_a","similar materiality"],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-011299","json":"https://secwatch.observer/filing/0001437749-26-011299.json","markdown":"https://secwatch.observer/filing/0001437749-26-011299.md","edgar_index":"https://www.sec.gov/Archives/edgar/data/1650696/000143774926011299/0001437749-26-011299-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1650696/000143774926011299/lsf20260325_8ka.htm"},"side_by_side_evidence":{"fact_type":"ma_transaction","source_excerpt":"Devondale tendered a cash payment of $1.0 million to FGRH to complete the sale of the FG Reinsurance Division.","source_evidence_url":"https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm","comparable_excerpt":"the Company completed its previously announced acquisition (the “ Navitas Acquisition ”) of (i) all of the issued and outstanding units of Navitas LLC (“ Navitas ”) and (ii) all of the issued and outstanding capital stock of Global Superfoods Corp. (“ GSC ”).","comparable_evidence_url":"https://www.sec.gov/Archives/edgar/data/1650696/000143774926011299/0001437749-26-011299-index.htm"}}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}