FG Nexus Inc. (FGNX) announced on September 16, 2026, that its Board of Directors has approved a strategic shift to acquire affordable housing communities. This decision was made following a review and recommendation from the Company’s Special Committee, which consists solely of independent directors, and an independent financial advisor.
The strategy involves two components: direct acquisitions of real property by FG Nexus and an indirect investment in FG Communities, Inc. The Company plans to invest $10 million in FG Communities, representing approximately 10% of the privately held company’s outstanding common stock. FG Communities is a self-administered and self-managed real estate firm focused on manufactured housing communities. It currently has a portfolio of 96 communities with over 4,000 home sites either owned or pending acquisition. Following the investment, FG Communities will remain a separately operated entity.
FG Nexus intends to fund direct property acquisitions through a combination of cash on hand, debt financing, and proceeds from the issuance of its common stock. The structure and financing of each acquisition will depend on the specific characteristics of the property and prevailing market conditions.
FG Nexus also disclosed that certain officers and directors, including Chairman and CEO Kyle Cerminara, hold significant equity positions in and serve as officers of FG Communities. Because of these affiliations, the proposed investment was subject to heightened scrutiny by the Special Committee and an independent financial advisor.
In connection with the strategic transformation, the Company plans to change its corporate name to FG Communities Holdings, Inc. The Company also intends to change its Nasdaq ticker symbol for common stock from FGNX to FGC and the ticker symbol for its 8.00% Cumulative Preferred Stock, Series A, from FGNXP to FGCPP. These changes are expected to become effective soon, subject to the completion of applicable corporate filings and confirmation by Nasdaq.
