FG Nexus Provides Update on Common Share Buyback Program, ETH Holdings and NAV per Share

Rhea-AI Summary

FG Nexus (Nasdaq: FGNX, FGNXP) reported updates to its common share buyback, ETH holdings and net asset value as of Dec 17, 2025.

Key figures: the company repurchased approximately 7.0 million common shares from Oct 23–Dec 17, 2025 at an average price of $3.17 per share; reported holdings of 40,088 ETH and $25.2 million in cash and USDC; total debt of $11.9 million; outstanding common shares of 36.5 million (including 0.5 million underlying pre-funded warrants); and a reported NAV per share of $3.53.

The company said it repurchased over 16% of outstanding shares at prices below NAV and intends to continue buying shares below NAV while staking ETH and pursuing additional yield strategies. Daily ETH and NAV updates are available on the company website.

Positive

• 7.0M shares repurchased from Oct 23–Dec 17, 2025
• Repurchases at an average price of $3.17 versus NAV of $3.53
• 40,088 ETH plus $25.2M in cash and USDC reported

Negative

• None.

Key Figures

Shares repurchased 7.0 million shares Common stock buyback from Oct 23, 2025 to Dec 17, 2025

Average repurchase price $3.17 per share Average price paid under buyback program

ETH holdings 40,088 ETH ETH held as of Dec 17, 2025

Cash and USDC $25.2 million Cash and USDC holdings as of Dec 17, 2025

Total debt $11.9 million Total debt outstanding as of Dec 17, 2025

Common shares outstanding 36.5 million shares Includes 0.5 million shares underlying pre-funded warrants

NAV per share $3.53 per share Net asset value as of Dec 17, 2025

Pre-funded warrant shares 0.5 million shares Shares of common stock underlying outstanding pre-funded warrants

Market Reality Check

$3.21 Last Close

Volume Volume 1,422,010 is above the 20-day average of 1,056,776 (relative volume 1.35). normal

Technical Shares traded below the 200-day MA of 6.69, indicating a weak longer-term trend pre-announcement.

Peers on Argus 1 Down

Peers showed mixed moves: BENF up 24.3%, PWM down 16.43%, RCG down 2.64%, CWD down 0.62%, WCEXF flat. Momentum scan flagged only ATON, down 11.82% without news. This points to stock-specific rather than sector-wide drivers for FGNX.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 09	Preferred buyback plan	Positive	+8.9%	Authorized repurchase of up to 894,580 preferred shares under Rule 10b-18.
Dec 08	Governance change	Positive	+3.2%	Appointed Scott D. Wollney as Lead Independent Director to support ETH strategy.
Nov 20	Q3 update & strategy	Positive	-7.3%	Outlined ETH-focused treasury, $200M raise, $200M buyback and balance sheet metrics.
Nov 19	Conference participation	Positive	-5.1%	Management presenting on tokenization and meeting investors at tech conference.
Nov 17	Preferred dividend	Positive	-7.3%	Declared $0.50 quarterly cash dividend on 8.00% Series A preferred stock.

Pattern Detected

Recent positive corporate actions (capital raises, buybacks, governance changes, dividends) often saw mixed or negative next-day price reactions, suggesting a tendency for divergence on good news.

Recent Company History

Over the last two months, FG Nexus has executed a strategic pivot toward a digital asset treasury and RWA tokenization, including a $200 million capital raise and a $200 million common share buyback program reported on Nov 20, 2025. Subsequent updates added a preferred share repurchase program on Dec 9, 2025 and governance enhancements on Dec 8, 2025, plus a preferred dividend declared on Nov 17, 2025. This buyback/NAV update fits an ongoing capital-return and balance-sheet repositioning theme centered on ETH and digital assets.

Market Pulse Summary

The stock moved +6.3% in the session following this news. A strong positive reaction aligns with the company’s ongoing capital-return narrative. Recent history shows investors responding well to repurchase announcements, as seen with the preferred share buyback news that coincided with a +8.9% move. However, past events like the Q3 update and dividend saw negative follow-through despite constructive fundamentals, suggesting enthusiasm has faded before. The scale of buybacks relative to 36.5 million shares and evolving ETH exposure could influence the durability of any advance.

Key Terms

eth technical

"As of December 17, 2025, the Company held 40,088 ETH and cash..."

ETH is the native digital currency of the Ethereum blockchain, used to pay for transactions and to run programs on that network. For investors it matters because owning ETH is both a way to access and use the platform (like buying fuel to run an app) and a speculative asset whose price reflects demand for the network, changes to its supply rules, and broader crypto market sentiment.

usdc financial

"held 40,088 ETH and cash and USDC holdings of approximately $25.2 million."

USDC is a digital token designed to hold the same value as one U.S. dollar, acting like a digital dollar you can use on the internet. Investors care because it provides a quick, low-cost way to move and store value, reduce price swings common in cryptocurrencies, and park cash in trading or payments without converting to traditional bank deposits, though its safety depends on how and where the backing dollars are held.

net asset value financial

"the net asset value of the Company per share was approximately $3.53 per share."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

tokenization technical

"a leading platform for the tokenization of real-world assets."

Tokenization is the process of converting real-world assets or rights into digital tokens stored on a computer network. This allows assets, such as property or investments, to be divided into smaller parts, making them easier to buy, sell, or transfer electronically. For investors, tokenization can increase access to a wider range of investments and make transactions faster and more efficient.

real-world assets technical

"platform for the tokenization of real-world assets."

Real-world assets are physical or financial things of value—like property, commodities, loans, or art—that exist outside digital markets and can be bought, sold, or used as collateral. For investors, they matter because they often provide steady income, reduce reliance on volatile paper markets, and can add diversification much like owning a rental property beside stock holdings. Treat them like tangible building blocks that can stabilize a portfolio and back the value of financial products.

stablecoin financial

"including tokenized RWAs and stablecoin-based yield solutions."

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

AI-generated analysis. Not financial advice.

Charlotte, NC, Dec. 18, 2025 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company”), today announced the current status of its common stock buyback program and ETH holdings.

Under the previously announced share purchase program, from October 23, 2025 through December 17, 2025, the Company has repurchased approximately 7.0 million shares of its common stock at an average price of approximately $3.17 per share.

As of December 17, 2025, the Company held 40,088 ETH and cash and USDC holdings of approximately $25.2 million. The Company’s total debt outstanding was $11.9 million, the outstanding shares of common stock are 36.5 million (which includes 0.5 million shares of common stock underlying outstanding pre-funded warrants), and the net asset value of the Company per share was approximately $3.53 per share. For daily updates on the Company’s ETH holdings and the NAV tacker please visit the Company’s website at https://fgnexus.io/nav-tracker for additional information.

“Since we announced our common stock buyback program, we have repurchased over 16% of our outstanding shares of common stock at a substantial discount to net asset value. We plan to continue buying back shares below NAV, all while maintaining a strong ETH and cash balance,” said Kyle Cerminara, Chairman & CEO of FG Nexus.

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

How many FGNX shares did FG Nexus repurchase through Dec 17, 2025?

The company repurchased approximately 7.0 million common shares from Oct 23–Dec 17, 2025.

What was FG Nexus's average buyback price and NAV per share on Dec 17, 2025?

Average repurchase price was $3.17 per share and reported NAV per share was $3.53.

How much ETH and cash did FG Nexus report holding as of Dec 17, 2025?

The company reported holding 40,088 ETH and approximately $25.2 million in cash and USDC.

What percentage of FGNX outstanding shares has FG Nexus repurchased?

FG Nexus stated it repurchased over 16% of its outstanding common shares.

Where can investors see daily updates on FGNX ETH holdings and NAV?

Daily ETH holdings and the NAV tracker are available at https://fgnexus.io/nav-tracker.

How many FGNX shares remain outstanding after the repurchase and do warrants affect share count?

The company reported 36.5 million outstanding common shares, which includes 0.5 million shares underlying outstanding pre-funded warrants.