According to Foresight News, Ethereum-focused asset management company Fundamental Global has announced a rebranding to FG Nexus Inc. The company has submitted a provisional registration application valued at $5 billion to the U.S. Securities and Exchange Commission (SEC). This move aims to establish one of the largest capital frameworks in the Ethereum digital asset management sector.
The registration document includes an 'at-the-market' (ATM) prospectus, which covers the issuance, offering, and sale of $4 billion worth of common stock. These shares may be issued and sold periodically. The registration is intended to provide FG Nexus with financial flexibility to pursue opportunistic financing strategies.
