Fundamental Global Announces FG CVR Trust and $10.00 Special Distribution

Fundamental Global Inc. has announced the formation of FG CVR Trust, a Delaware statutory trust, for the benefit of shareholders of record as of August 8, 2025. Approximately 1.3 million common shareholders will receive a non-transferable Contingent Value Right (CVR) as a special distribution. The CVR will entitle holders to a potential payment of $10.00 per share, contingent on the trust's assets exceeding $40 million and $30 per common share.

Fundamental Global Inc. (Nasdaq: FGF, FGFPP), soon to be renamed FG Nexus Inc., has announced the formation of FG CVR Trust, a Delaware statutory trust, designed to benefit its common shareholders. Approximately 1.3 million shareholders of record as of August 8, 2025, will receive a non-transferable Contingent Value Right (CVR) as a special distribution [1].

The CVR entitles holders to a potential payment of $10.00 per share, contingent on the trust's assets exceeding $40 million and $30 per common share. The initial cash distribution is expected to be paid in September 2025, subject to final approval and customary conditions [1].

In addition to the initial cash distribution, the CVR Trust is expected to make additional distributions, either in cash or in-kind securities, as it monetizes and distributes the proceeds from the liquidation of various legacy assets and businesses. The strategic transformation includes a $200 million private placement, expected to close on August 1, 2025, to support the new Ethereum Treasury Strategy [1].

Upon closing, FG Nexus will retain approximately $5.00 per share in net asset value (NAV) through retained holdings and the launch of the new strategy. The company aims to position itself as a leader in blockchain innovation and the tokenization of real-world assets (RWAs) [1].

The assets being transferred to the CVR Trust include cash and cash equivalents, the net assets of the Strong Technical Services operating business, and the majority of the Company’s current equity holdings and other interests, such as FG Merchant Partners, Firefly Systems Inc., GreenFirst Forest Products Ltd., FG Communities Inc., Craveworthy Brands, FG Merger II Corp., Aldel Financial II Inc., Greenland Exploration Limited, and other holdings [1].

This strategic pivot represents a significant financial restructuring that will immediately return substantial capital to shareholders while repositioning the company for a completely new strategic direction. The company's announcement unlocks $40M+ in value while pivoting to blockchain strategy with fresh $200M funding [2].

References:
[1] https://finance.yahoo.com/news/fundamental-global-inc-announces-formation-134500923.html
[2] https://www.stocktitan.net/news/FGF/fundamental-global-inc-announces-formation-of-fg-cvr-trust-and-10-00-6abtnxmrmnuz.html