FG NEXUS ANNOUNCES THIRD QUARTER HIGHLIGHTS AND SHAREHOLDER UPDATE
Rhea-AI Summary
FG Nexus (Nasdaq: FGNX) provided third-quarter 2025 highlights and a shareholder update for the period ended September 30, 2025. Key corporate moves include a new strategy focused on digital asset treasury and RWA tokenization, a partnership with Securitize to tokenize FGNX and FGNXP, a completed $200 million capital raise, and a announced $200 million common share buyback program.
Balance-sheet snapshots: 50,778 ETH held as of Sept 30, cash $7.5 million, total debt $1.9 million, shareholders' equity $231.0 million and book value per common share $5.80. Subsequent activity: sold 10,922 ETH, borrowed ~$10 million, repurchased 3.4 million common shares at an average of ~$3.45, and as of Nov 19, 2025 holds 40,005 ETH, cash/USDC ~$37 million, total debt $11.9 million, common shares outstanding 40.1 million and NAV per share ~$3.94.
Positive
- $200 million common share buyback program announced
- Repurchased 3.4 million common shares at average $3.45 per share
- Holds 40,005 ETH and cash/USDC of ~$37 million as of Nov 19, 2025
- Completed $200 million capital raise and Securitize partnership
Negative
- Total debt rose to $11.9 million after ~$10 million borrowing
- Net asset value per share declined to ~$3.94 from book value $5.80 (Sept 30, 2025)
- Sold 10,922 ETH, reducing ETH holdings from 50,778 to 40,005
News Market Reaction
On the day this news was published, FGNX declined 7.31%, reflecting a notable negative market reaction. Argus tracked a trough of -17.2% from its starting point during tracking. Our momentum scanner triggered 7 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $8M from the company's valuation, bringing the market cap to $104M at that time.
Data tracked by StockTitan Argus on the day of publication.
Charlotte, NC, Nov. 20, 2025 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company” or “FG Nexus”), today provided key highlights for the period ended September 30, 2025.
Key Operational Highlights During the Third Quarter of 2025
- Launched strategy focused on digital asset treasury and RWA tokenization
- Completed
$200 million capital raise - Signed partnership with Securitize to natively tokenize FGNX and FGNXP
- Completed
- Streamlined operations to facilitate new strategy
- Distributed legacy operations and assets to CVR Trust
- Announced plans to sell remaining portion of reinsurance business and Quebec real estate
- Implemented actions to increase NAV and enhance shareholder value
- Announced
$200 million common share buyback program
- Announced
Key Balance Sheet Metrics (all amounts as of September 30, 2025):
| ● | Total ETH Holdings: | 50,778 ETH |
| ● | Cash and Cash Equivalents: | |
| ● | Total Debt: | |
| ● | Total Shareholders’ Equity: | |
| ● | Book Value per common share: |
Subsequent Updates
On October 23, 2025, the Company commenced repurchasing its common shares under its previously announced share buyback program. To support this activity, the Company borrowed approximately
To date, these actions have resulted in the repurchase of 3.4 million common shares at an average price of approximately
As of November 19, 2025, the Company holds 40,005 ETH and cash and USDC holdings of approximately
“Since commencing the buyback, we have repurchased
About FG Nexus
FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company”) is focused on building a digital asset treasury and a leading platform for the tokenization of real-world assets. To enhance the yield on its treasury, the Company will stake its ETH and implement additional yield strategies while positioning itself as a strategic gateway into digital-asset-powered finance, including tokenized RWAs and stablecoin-based yield solutions. The FGNX® logo is a registered trademark.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). These statements are therefore entitled to the protection of the safe harbor provisions of these laws. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “budget,” “can,” “contemplate,” “continue,” “could,” “envision,” “estimate,” “expect,” “evaluate,” “forecast,” “goal,” “guidance,” “indicate,” “intend,” “likely,” “may,” “might,” “outlook,” “plan,” “possibly,” “potential,” “predict,” “probable,” “probably,” “pro-forma,” “project,” “seek,” “should,” “target,” “view,” “will,” “would,” “will be,” “will continue,” “will likely result” or the negative thereof or other variations thereon or comparable terminology. In particular, discussions and statements regarding the Company’s future business plans and initiatives are forward-looking in nature. We have based these forward-looking statements on our current expectations, assumptions, estimates, and projections. While we believe these to be reasonable, such forward-looking statements are only predictions and involve a number of risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance, or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements and may impact our ability to implement and execute on our future business plans and initiatives. Management cautions that the forward-looking statements in this press release are not guarantees of future performance, and we cannot assume that such statements will be realized or the forward-looking events and circumstances will occur. Factors that might cause such a difference include, without limitation, fluctuations in the market price of ETH and any associated impairment charges that the Company may incur as a result of a decrease in the market price of ETH below the value at which the Company’s ETH are carried on its balance sheet, changes in the accounting treatment relating to the Company’s ETH holdings, the Company’s ability to achieve profitable operations, government regulation of cryptocurrencies and online betting, changes in securities laws or regulations such as accounting rules as discussed below, customer acceptance of new products and services including the Company’s ETH treasury strategy, general conditions in the global economy; risks associated with operating in the merchant banking and managed services industries, including inadequately priced insured risks and credit risk; risks of not being able to execute on our asset management strategy and potential loss of value of our holdings; risk of becoming an investment company; fluctuations in our short-term results as we implement our business strategies; risks of not being able to attract and retain qualified management and personnel to implement and execute on our business and growth strategy; failure of our information technology systems, data breaches and cyber-attacks; our ability to establish and maintain an effective system of internal controls; the requirements of being a public company and losing our status as a smaller reporting company or becoming an accelerated filer; any potential conflicts of interest between us and our controlling stockholders and different interests of controlling stockholders; and potential conflicts of interest between us and our directors and executive officers.
Our expectations and future plans and initiatives may not be realized. If one of these risks or uncertainties materializes, or if our underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. You are cautioned not to place undue reliance on forward-looking statements. Under U.S. generally accepted accounting principles, entities are required to measure certain crypto assets at fair value, with changes reflected in net income each reporting period. Changes in the fair value of crypto assets could result in significant fluctuations to the income statement results. The forward-looking statements are made only as of the date hereof and do not necessarily reflect our outlook at any other point in time. We do not undertake and specifically decline any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect new information, future events or developments.
Investor Contact
invest@fgnexus.io
Media Contact
media@fgnexus.io
FAQ
What did FG Nexus (FGNX) announce about a share buyback on November 20, 2025?
How many shares has FG Nexus (FGNX) repurchased and at what price?
What is FG Nexus's (FGNX) NAV and book value per share as reported in the update?
How has FG Nexus's (FGNX) debt and cash position changed after the buyback actions?
How many ETH does FG Nexus (FGNX) hold after recent transactions?
How much of the company has FG Nexus (FGNX) repurchased relative to shares outstanding?
