FG Nexus Inc. (NASDAQ:FGF) announced it plans to initiate its previously approved $200 million share repurchase program, entering an agreement with ThinkEquity to begin purchases immediately as of October 20, 2025.
The company stated its intention to purchase shares for less than Net Asset Value per share, which was estimated at approximately $5.10 per share as of October 20, 2025. Kyle Cerminara, CEO of FG Nexus, stated that buying back stock at current levels is "accretive to our net asset value per share" and "the right thing to do for shareholders", reflecting confidence in the company's ETH treasury strategy.
ThinkEquity will execute Rule 10b-18 purchases, limiting acquisitions to up to 25% of daily trading volume while the stock trades below $5.00 per share. The timing and amount of repurchases will depend on various factors including market conditions, the company's financial performance, and other investment opportunities. FG Nexus affirmed it will not utilize its At-the-Market facility while trading below Net Asset Value, as doing so would be dilutive on an ETH per share basis.
