Led By Visionary Team Bridging Wall Street, DeFi and Web3
Fundamental Global Inc. to be Renamed FG Nexus Inc.
Co-Founder Joe Moglia transitions to Executive Advisor
Maja Vujinovic, a Blockchain Pioneer, to Direct Digital Asset Operations
Investors like Galaxy Digital and Kraken join the initiative
Charlotte, NC, July 30, 2025 (GLOBE NEWSWIRE) — Fundamental Global Inc. (Nasdaq: FGF, FGFPP) has announced the execution of a private placement for 40,000,000 prefunded common stock warrants priced at $5.00 each, aiming for total gross proceeds of $200 million before expenses. This funding will initiate the Company’s Ethereum treasury strategy, utilizing both cash and cryptocurrencies.
Fundamental Global provides an investment vehicle focused on Ethereum, which underpins much of the digital finance landscape, including stablecoins, DeFi, and tokenized assets. Its structure offers investors various value opportunities beyond the appreciation of ETH, including staking rewards that enhance network security and access to tokenized real-world assets.
Key participants in the private placement include Galaxy Digital, a leading digital asset investment firm, which will act as a strategic advisor, managing the Ethereum treasury and offering asset management support. Other investors include Kraken, Hivemind Capital, Syncracy Capital, Digital Currency Group (DCG), and Kenetic.
