---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-000080"
form_type: "8-K"
ticker: "FGNX"
cik: "0001591890"
company_name: "FG Nexus Inc."
filed_at: "2025-03-20T23:59:59+00:00"
generated_at: "2026-05-24T10:12:24.519350+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Fundamental Global sells FG RE Corporate Member for $0.3M, expects $2.1M impairment

## Summary
- Sale of entire share capital of FG RE Corporate Member Ltd by subsidiary FG Reinsurance Holdings.
- Total consideration $5.6M: $0.3M for corporate member + $5.3M Lloyd's funds held commuted.
- Company expects non-cash impairment of ~$2.1M on deferred acquisition cost intangible assets.
- Intends to commute three Lloyd's treaties: UHA25122, B1868HT2300259, B1868HT2400259.
- Closing subject to customary approvals and consents.

## SEC filing metadata
- accession: 0001641172-25-000080
- form_type: 8-K
- ticker: FGNX
- cik: 0001591890
- company_name: FG Nexus Inc.
- filed_at: 2025-03-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591890/000164117225000080/0001641172-25-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591890/000164117225000080/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-000080
- JSON: https://secwatch.observer/filing/0001641172-25-000080.json
- Plain text: https://secwatch.observer/filing/0001641172-25-000080.txt

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