Fundamental Global raises $200M in private placement to launch Ethereum treasury strategy; to rebrand as FG Nexus

FG Nexus Inc.

$200M gross proceeds from sale of 40M pre-funded warrants at $5.00/warrant; closing expected Aug 1, 2025.
Proceeds to purchase ETH as primary treasury reserve; Galaxy Digital will manage the Ethereum treasury for a minimum $1M annual fee.
Strategic investors include Galaxy Digital, Kraken, Hivemind, Syncracy, DCG, and Kenetic.
Company to be renamed FG Nexus Inc. (tickers FGNX, FGNXP); shareholders of record Aug 8 get CVRs from legacy asset trust.
Joe Moglia named Executive Advisor; Maja Vujinovic, Theodore Rosenthal, Jose Vargas join digital asset leadership team.

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