FG Nexus Inc. (Nasdaq: FGNX) announced on September 15, 2026, that it has continued progress under its previously authorized common and preferred stock repurchase programs. The company reported that through September 14, 2026, it has repurchased approximately 4.0 million shares of common stock for an aggregate purchase price of approximately $48.0 million, including commissions. These repurchases represent approximately 46% of the Company's common shares outstanding immediately before the program began.
As of September 14, 2026, the Company had 4,707,615 shares of common stock outstanding. Additionally, the company repurchased approximately 275,000 shares of its preferred stock for an aggregate purchase price of approximately $6.9 million, including commissions. These preferred stock repurchases represent approximately 31% of the Company's shares of preferred stock outstanding immediately before the program began. As of the same date, the Company had 619,357 shares of preferred stock outstanding.
The repurchase programs remain authorized and open-ended. The timing and amount of future repurchases will depend on market conditions, available liquidity, applicable legal requirements, the Company's capital-allocation priorities, and other considerations. Kyle Cerminara, Chairman and Chief Executive Officer of FG Nexus, stated that the repurchases reflect the Company's confidence in its capital-allocation strategy and its commitment to delivering long-term value to stockholders.
