On August 8, PANews reported, according to Coincentral, that Nasdaq-listed Fundamental Global Inc. (FGF) has submitted an S-3 registration to the SEC, proposing to issue securities worth up to $5 billion. Most of the raised funds will be used to purchase Ethereum, while the remaining funds will support company operations. FGF plans to issue securities in batches and will flexibly adjust the scale, pricing, and terms based on future circumstances.
This submission of the prospectus includes a base prospectus and an at-the-market (ATM) prospectus, proposing to issue common stock worth up to $4 billion. These issuances will be conducted under a new agreement with ThinkEquity, LLC. The company may sell shares in installments or batches depending on market dynamics. If no shares are sold under the ATM agreement, a full issuance of $5 billion can be made through other means. All sales must comply with SEC guidelines and are subject to the latest market capitalization thresholds.
