FG Nexus Inc. will change its corporate name to FG Communities Holdings Inc. and swap its Nasdaq ticker symbols, a move the company says aligns its public identity with its focus on affordable housing. The company filed a Certificate of Amendment with the Nevada Secretary of State to effectuate the name change.
The ticker symbols for the company's securities on The Nasdaq Stock Market will change effective at market open on Monday, September 28, 2026. The common stock symbol will change from FGNX to FGC. The Series A Preferred Shares symbol will change from FGNXP to FGCPP.
Kyle Cerminara, Chairman and CEO of FG Nexus, stated that the new name reflects the company's transformation into a leading owner and operator of land-lease affordable housing communities. Cerminara added that the company has made significant progress in evolving its business model and looks forward to driving long-term value for shareholders.
FG Nexus describes itself as a merchant bank and real estate focused operating company. The press release notes that the FGNX logo is a registered trademark.
The announcement includes forward-looking statements regarding the company's proposed investment in FG Communities, its strategy for direct investments in affordable housing communities, and the acquisition and operation of manufactured housing communities. These statements cover plans for using cash, debt financing, and proceeds from common-stock issuances to fund acquisitions, as well as future share repurchases and the company's acquisition pipeline.
Management bases these statements on current expectations, assumptions, estimates, and projections. The release notes that actual results could differ materially from those expressed or implied due to risks and uncertainties beyond the company's control.
Specific risks cited include the ability to complete the proposed investment on anticipated terms, obtaining required corporate, regulatory, and Nasdaq approvals, and successfully identifying and financing property acquisitions. Other risks involve obtaining debt or equity financing on acceptable terms, managing leverage and potential dilution from equity issuances, and realizing anticipated operating benefits. The company also cites risks related to maintaining adequate liquidity and managing potential conflicts of interest arising from related-party transactions.
Additional risks are detailed in the company's filings with the Securities and Exchange Commission. These forward-looking statements speak only as of the date of the release, and the company undertakes no obligation to update them except as required by law.