FG Nexus Announces Agreement to Sell FG Reinsurance Division to Devondale Holdings, Led by Tom Heise
FG Nexus Inc. (FGNX)
Company Research
Source: GlobeNewswire
Strategic Transaction Accelerates FG Nexus ETH Treasury Strategy Positions FG Reinsurance as a Pioneer in Tokenized Reinsurance Charlotte, NC, Oct. 23, 2025 (GLOBE NEWSWIRE) -- FG Nexus Inc. (Nasdaq: FGNX, FGNXP) (the “Company” or “FG Nexus”), today announced an agreement to sell a majority stake in FG Reinsurance Ltd. and FG Re Solutions Limited (the “FG Reinsurance Division”) to Devondale Holdings LLC (“Devondale”) led by industry veteran Tom Heise. Through the transaction, FG Nexus will receive approximately $3.0 million cash, a $1.25 million note and 40% equity ownership of Devondale. “This transaction sharpens our focus on Ethereum and reallocates resources toward ETH accumulation. FG Nexus is building long-term ETH per share growth and reinforcing our conviction that Ethereum is the backbone of tomorrow’s financial system,” said Maja Vujinovic, CEO of Digital Assets at FG Nexus. "We are excited to sell the majority of our FG Reinsurance Division to focus our efforts on fur
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FGNX
News
- FG Nexus (NASDAQ:FGNX) had its "buy" rating reaffirmed by analysts at B. Riley.MarketBeat
- FG NEXUS ANNOUNCES THIRD QUARTER HIGHLIGHTS AND SHAREHOLDER UPDATEGlobeNewswire
- FG Nexus CEO of Digital Assets Maja Vujinovic to Participate in the 2025 Clear Street Disruptive Technology ConferenceGlobeNewswire
- FG Nexus Inc. Declares Cash Dividend on Its 8.00% Cumulative Preferred Stock, Series AGlobeNewswire
- FG Nexus (NASDAQ:FGNX) is now covered by analysts at Litchfield Hills Research. They set a "buy" rating and a $12.00 price target on the stock.MarketBeat
FGNX
Sec Filings
- 10/14/25 - Form 8-K
- 10/14/25 - Form S-3ASR
- 10/10/25 - Form 8-K
- FGNX's page on the SEC website