FG Nexus Reports Continued Progress Under Common and Preferred Stock Repurchase Programs

FG Nexus has retired large portions of its common and preferred shares while keeping both repurchase programs open-ended.

Rhea-AI Summary

FG Nexus (FGNX) reports substantial progress on its common and preferred stock repurchase programs through September 14, 2026.

The company has repurchased approximately 4.0 million common shares for about $48.0 million, representing roughly 46% of common shares outstanding immediately before the program. It has also repurchased approximately 275,000 preferred shares for about $6.9 million, equal to around 31% of preferred shares outstanding before the program began. Both repurchase programs remain authorized and open-ended, with future activity dependent on market conditions, liquidity, legal requirements, and capital-allocation priorities. The company describes these actions as aligned with its long-term value and capital-return strategy.

Positive

• 4.0 million common shares repurchased for about $48.0 million, 46% of pre-program common
• 275,000 preferred shares repurchased for about $6.9 million, 31% of pre-program preferred
• Repurchase programs remain authorized and open-ended, allowing continued capital return

Negative

• Aggregate cash outlay for repurchases totals about $54.9 million across common and preferred shares

Market Context

FGNX's December 9, 2025 preferred repurchase announcement was followed by a 8.9% 24-hour move; the c...

Analysis

FGNX's December 9, 2025 preferred repurchase announcement was followed by a 8.9% 24-hour move; the current update similarly reports continued repurchases under the open-ended programs, while the provided price remains pre-publication.

Key Figures

Common shares repurchased: 4.0 million shares Common repurchase cost: $48.0 million Common shares repurchased as percentage of pre-program shares: 46% +5 more

Common shares repurchased

4.0 million shares

Through September 14, 2026

Common repurchase cost

$48.0 million

Aggregate purchase price including commissions

Common shares repurchased as percentage of pre-program shares

46%

Immediately before implementation of the repurchase program

Common shares outstanding

4,707,615 shares

As of September 14, 2026

Preferred shares repurchased

275,000 shares

Through September 14, 2026

Preferred repurchase cost

$6.9 million

Aggregate purchase price including commissions

Preferred shares repurchased as percentage of pre-program shares

31%

Immediately before implementation of the repurchase program

Preferred shares outstanding

619,357 shares

As of September 14, 2026

Previous Buybacks Reports

3 past events · Latest: Dec 09

Same Type 3 events

1. Dec 09

   Preferred buyback

   24h Move

   +8.9%

   Board approved a preferred share repurchase program for up to 894,580 shares

2. Oct 20

   Share buyback

   24h Move

   +4.4%

   Company initiated a $200 million share repurchase program

3. Sep 09

   Share buyback

   24h Move

   +7.3%

   Board approved an open-ended $200 million share repurchase program

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Company Has Repurchased Approximately 46% of Common Shares Outstanding to Date

Charlotte, NC, Sept. 15, 2026 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the "Company") today announced continued progress under its previously authorized common and preferred stock repurchase programs.

Share Repurchase Programs

Through September 14, 2026, the Company has repurchased approximately 4.0 million shares of its common stock for an aggregate purchase price of approximately $48.0 million, including commissions. These repurchases represent approximately 46% of the Company’s common shares outstanding immediately before implementation of the repurchase program. As of September 14, 2026, the Company had 4,707,615 shares of common stock outstanding.

Through September 14, 2026, the Company has repurchased approximately 275,000 shares of its preferred stock for an aggregate purchase price of approximately $6.9 million, including commissions. These repurchases represent approximately 31% of the Company’s shares of preferred stock outstanding immediately before implementation of the repurchase program. As of September 14, 2026, the Company had 619,357 shares of preferred stock outstanding.

The repurchase programs remain authorized and open-ended. The timing and amount of any future repurchases will depend on market conditions, available liquidity, applicable legal requirements, the Company’s capital-allocation priorities and other considerations.

Kyle Cerminara, Chairman and Chief Executive Officer of the Company, stated: "These repurchases reflect our continued confidence in the Company’s capital-allocation strategy and our commitment to delivering long-term value to stockholders. We will continue to evaluate opportunities to return capital under both programs as we advance our broader strategic plan."

About FG Nexus

FG Nexus (Nasdaq: FGNX, FGNXP) is a merchant bank and real estate focused operating company.

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, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are entitled to the protection of the safe-harbor provisions of those laws.

Forward-looking statements include statements concerning future share repurchases under the Company’s common and preferred stock repurchase programs, including the timing, amount and funding of any such repurchases.

These statements are based on management’s current expectations, assumptions, estimates and projections and involve risks and uncertainties, many of which are beyond the Company’s control. Actual results could differ materially from those expressed or implied by these statements.

Relevant risks include, among others, market conditions, the Company’s available liquidity, applicable legal requirements, the Company’s capital-allocation priorities and other factors that could affect the timing and amount of future repurchases.

Additional risks are described in the Company’s filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date of this release. The Company undertakes no obligation to update or revise any forward-looking statement except as required by law.

Contacts
Media Contact
media@fgnexus.io

Investor Contact
invest@fgnexus.io

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many FG Nexus common shares are currently outstanding after the repurchases?

As of September 14, 2026, FG Nexus had 4,707,615 shares of common stock outstanding.

How many FG Nexus preferred shares are currently outstanding after the repurchases?

As of September 14, 2026, FG Nexus had 619,357 shares of preferred stock outstanding.