Fundamental Global Inc. Announces Formation of FG CVR Trust and $10.00 Per Share Special Distribution

Fundamental Global Inc. has announced the formation of FG CVR Trust and a $10.00 per share special distribution to shareholders of record as of August 8, 2025. The CVR Trust will receive various legacy assets and businesses, with an estimated book value exceeding $30.00 per common share. The company will retain approximately $5.00 per share in net asset value and change its name to FG Nexus Inc. to implement an Ethereum Treasury Strategy.

Fundamental Global Inc. (FGI) has announced significant developments that will reshape its corporate structure and strategic focus. The company has formed FG CVR Trust and initiated a $10.00 per share special distribution to shareholders of record as of August 8, 2025. This move is part of a broader plan to transition the company into FG Nexus Inc., which will implement an Ethereum Treasury Strategy.

The FG CVR Trust will receive various legacy assets and businesses, with an estimated book value exceeding $30.00 per common share. FGI will retain approximately $5.00 per share in net asset value. This strategic shift is aimed at leveraging the potential of cryptocurrencies, particularly Ethereum (ETH), to drive growth and innovation.

The announcement comes amidst a period of significant activity for FGI, including the recent private placement offering of pre-funded warrants to purchase up to 40,000,000 shares of common stock. The proceeds from this offering will be used to fund the acquisition of cryptocurrency, establish the company's cryptocurrency treasury operations, and cover transaction fees and other related expenses [1].

The formation of FG CVR Trust and the special distribution are part of FGI's broader strategy to enhance shareholder value and position itself as a leader in the cryptocurrency space. The company has also entered into an Asset Management Agreement with Galaxy Digital Capital Management LP to manage its cryptocurrency assets, including ETH, using a long-only investment strategy that includes staking and liquid staking [1].

The transition to FG Nexus Inc. reflects FGI's commitment to leveraging blockchain technology and cryptocurrencies to drive growth and innovation. The company's strategic moves are designed to create value for shareholders and position itself for long-term success in the rapidly evolving cryptocurrency market.

References:
[1] United States Securities and Exchange Commission. (2025, July 29). Form 8-K: Fundamental Global Inc. Retrieved from https://www.sec.gov/Archives/edgar/data/0001591890/000164117225021498/form8-k.htm