- Business
- Fundamental Global Inc. (NASDAQ: FGF, FGNXP), now operating as FG Nexus Inc., is a diversified holding company focused on digital assets, merchant banking, reinsurance, and managed services. The company offers merchant banking services, including strategic, administrative, and regulatory support for newly formed SPACs, initial public offerings, advisory services, and equity holdings allocation; managed services through Strong Technical Services Inc., encompassing remote network operating center support, on-site field service, content delivery, installation, and other solutions for cinema and entertainment operators; specialty property and casualty reinsurance; investment advisory and asset management; as well as real estate and equity holdings. Founded in 1932 and headquartered in Mooresville, North Carolina, it primarily serves underserved markets in the United States, with a historical emphasis on weather-related property and casualty insurance in regions like Louisiana and Texas. Recent developments include a merger with FG Financial and FG Group Holdings in early 2024 to form the current entity; completion of a combination with Strong Global Entertainment in September 2024, acquiring the remaining 24% stake and streamlining operations for cost reduction and liquidity enhancement; acquisition of Strong/MDI Screen Systems by subsidiary FG Acquisition Corp. at a $30 million valuation in May 2024; filing of a $5 billion shelf registration and closing of a $200 million private placement to accelerate an Ethereum treasury and accumulation strategy under new leadership of blockchain pioneer Maja Vujinovic; formation of FG CVR Trust in July 2025 for shareholder distributions; and a strategic evolution toward a leading Ethereum treasury company with a rebranding to FG Nexus.