FG Nexus Inc. announced the approval of a Share Repurchase Program to acquire up to $200 million of the Company's outstanding common stock.
The open-ended program allows repurchases in the open market and negotiated transactions.
The timing and amount of repurchases will depend on market conditions and the Company's financial performance.
Share Repurchase Program Approval
The Board of Directors approved the Share Repurchase Program to demonstrate confidence in long-term prospects.
Repurchase Conditions
Repurchases will be made in compliance with Rule 10b-18 of the Exchange Act and applicable laws.
No Obligation to Repurchase
The Company is not obligated to repurchase a specific number of shares and can suspend, modify, or discontinue the program.
- FG Nexus aims to enhance their Ethereum Yield by staking and restaking, focusing on becoming a significant corporate holder of ETH.
- The Share Repurchase Program reflects the Company's commitment to delivering value to shareholders and capitalizing on investment opportunities.
The Share Repurchase Program highlights FG Nexus' confidence in its future and commitment to shareholder value. The strategic focus on Ethereum position the Company for growth in the digital asset landscape.