other material
confidence high
sentiment neutral
materiality 0.80
FG Nexus exits digital assets; establishes real estate division; digital assets CEO departs
FG Nexus Inc.
- Board authorized establishing real estate subsidiary focused on land-lease manufactured housing; plans to exit digital assets business.
- Maja Vujinovic, CEO of Digital Assets Division and board member, ceased employment June 30, 2026; will serve as strategic consultant for 6 months at $325,000 fee.
- Vujinovic severance: $300K cash (6 months base salary), $150K prorated bonus, warrant for 25,000 shares, COBRA coverage for 6 months.
- Company intends to reallocate all capital from digital assets to real estate; previously announced potential combination with FG Communities.