Fundamental Global completes US$200 million in private placement to accelerate Ethereum reserve strategy "
According to online reports, Fundamental Global (NASDAQ: FGF) today announced that it has completed a US$200 million private equity financing and will change its name to FG Nexus. The financing issued 40 million prepaid common stock warrants at US$5 each and was supported by institutional investors such as Galaxy Digital. The company plans to use the funds raised to build an Ethereum reserve, with the goal of gaining a 10% interest in the Ethereum network. At the same time, the company will participate in network operations through pledge and other means, and explore tokenized asset business.
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