Fundamental Global closes $200M PIPE, net $193M, for Ethereum treasury; renames to FG Nexus

FG Nexus Inc.

PIPE: 40M pre-funded warrants at $5 each closed, gross $200M, net ~$193M; proceeds to fund ETH treasury acquisition.
Investors include Galaxy Digital, Kraken, Hivemind Capital, DCG, Kenetic; 89% paid in USD, 10% ETH, rest BTC/USDC.
New digital assets leadership: Maja Vujinovic (CEO), Theodore Rosenthal (President), Jose Vargas (Head of BizDev); all also join board.
Company to rename to FG Nexus Inc., Nasdaq tickers change to FGNX and FGNXP.
Entered ATM sales agreement with ThinkEquity for up to shares on Form S-3; 3% commission plus expenses.

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