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.

item 1.01item 5.02item 7.01item 8.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.