---
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"
generated_at: "2026-05-15T09:22:08.391921+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# FG Nexus completes FG Reinsurance Division sale with $1M cash payment

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-012189
- JSON: https://secwatch.observer/filing/0001493152-26-012189.json
- Plain text: https://secwatch.observer/filing/0001493152-26-012189.txt

## 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_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm
- 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_url: https://www.sec.gov/Archives/edgar/data/1591890/000149315226012189/0001493152-26-012189-index.htm

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