FG Nexus discusses potential business combination with FG Communities; reports preliminary Q1 loss of ~$40-45M

FG Nexus Inc.

Potential related-party transaction with FG Communities to accelerate tokenization of real-world assets (RWA) strategy in affordable housing.
Preliminary Q1 loss from continuing ops ~$40M-$45M, including ~$37M realized/unrealized losses on digital assets.
Cash $14M; digital assets 20,638 ETH + 7,659 WSTETH, market value ~$63.2M; NAV ~$11 per share.
Board plans to form a special committee of independent directors and retain an independent financial advisor for fairness opinion.
Repurchased ~2.2M common shares at avg $16.04 and ~220k Series A preferred at avg $24.88; plans to resume purchases.

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