secwatch.observer — SEC 8-K summary
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Issuer:     FG Nexus Inc. (FGNX)
CIK:        0001591890
Form:       8-K
Filed at:   2026-06-09T20:50:26+00:00
Accession:  0001493152-26-027949
Event type: other_material
Sentiment:  negative
Materiality: 0.60
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FG Nexus reduces two digital asset execs base salaries from $150k to $30k
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- Head of BD Jose Vargas and President Theodore Rosenthal base salary cut from $150k to $30k annually effective May 11, 2026 due to scaled-down digital asset ops.
- Repurchased ~2.98M common shares (35% of outstanding) at avg $13.62/share and 264,465 Series A Preferred (30%) at avg $24.97/share.
- As of June 5, 2026: 5.74M common shares, 630k Preferred outstanding; held $36.1M cash and $20.3M digital assets (3,375 ETH and 7,569 Wrapped stETH).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591890/000149315226027949/0001493152-26-027949-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591890/000149315226027949/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-027949

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