⚡ Fundamental Global’s $5B Ethereum Play — Treasury Launch on the Horizon

Fundamental Global submitted an S-3 filing to the SEC to fund $5 billion for an Ethereum strategy.

To meet its treasury objective, the corporation will sell shares in phases.

Fundamental Global raised $200 million to launch its Ethereum reserve strategy.

On Thursday, Fundamental Global (FGF) filed an S-3 registration statement with the SEC to construct an Ethereum-focused (ETH) treasury via a $5 billion shelf offering.

Fundamental Global to launch $5 billion Ethereum treasury

Fundamental Global, a Nasdaq-listed holding company, filed an S-3 with the SEC to undertake a $5 billion shelf offering. The firm plans to buy ETH with most of the IPO funds and utilize the balance for commercial activities.

It will issue shares in stages to adjust size, price, and terms to market circumstances. The document said that Fundamental Global will use an ATM sales arrangement with ThinkEquity to raise $4 billion from the transaction.

We may offer and sell up to $4,000,000,000 shares of our common stock via ThinkEquity from time to time under the market offering agreement, the document noted.

The corporation might sell shares gradually or separately depending on market circumstances.

The filing follows Fundamental Global's $200 million private placement to establish its Ethereum treasury a few days earlier. It also rebranded as FG Nexus Inc. and may alter its NASDAQ ticker to FGNX and FGNXP.

CEO Kyle Cerminara stated the corporation wants a 10% Ethereum investment.

Fundamental Global joins SharpLink Gaming, BitMine, and Bit Digital in adopting an Ethereum-focused treasury.

SharpLink Gaming also announced a Thursday purchase agreement with four institutional investors. To fund its Ethereum purchase, the transaction seeks $200 million via a $19.50 per share ATM offering. The business filed a $6 billion shelf offering in July, up from its $1 billion SEC registration.

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