Business
FG Nexus Announces Formation of Special Committee to Evaluate Strategic Alternatives including a Potential Business Combination to Build a Leading Platform in Affordable Housing
Potential Business Combination expected to integrate income-producing affordable housing assets with FG Nexus’ real-world asset platform Charlotte, NC, May
About this update from Fg Nexus Inc.
[{"type":"text","content":"Potential Business Combination expected to integrate income-producing affordable housing assets with FG Nexus’ real-world asset platform Charlotte, NC, May 04, 2026 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the “Company”), today announced the formation of a Special Committee of the Company’s Board of Directors comprised solely of independent directors (the “Special Committee”) to evaluate strategic alternatives to enhance long-term stockholder value and further the Company’s strategic objectives. Initially, the Special Committee will evaluate the previously announced potential business combination (the “Potential Transaction”) with FG Communities, Inc. (“FG Communities”), a self-administered, self-managed real estate investment company committed to the preservation and improvement of affordable housing with a focus on acquiring, developing and managing manufactured housing communities. The Proposed Transaction is considered a related party transaction because FG Communities was founded by our Chairman and CEO and is controlled by several persons, including Kyle Cerminara, who are affiliated with the Company. The Company intends to advance its strategy to build a leading platform for real-world assets and believes that a potential combination with FG Communities would accelerate a strategic expansion into income-producing affordable housing, providing a durable foundation for long-term growth and scalable capital formation. “We believe, manufactured housing represents one of the most compelling combinations of durable cash flow, intrinsic asset value, and long-term demand tailwinds in the United States,” said Kyle Cerminara, Chairman & CEO of FG Nexus. “As we evaluate our strategic alternatives, we are focused on aligning the Company with assets that offer strong downside protection and the potential for sustained value creation over time. FG Communities has built a high-quality portfolio in a sector characterized by supply constraints and consistent rent growth. We believe that the Potential Transaction has the potential to provide our real-world assets platform with immediate exposure to income-producing real-world assets and could establish a durable foundation for long-term growth.” The Special Committee has retained an independent financial advisor to assist in its and the Board's evaluation and negotiation of the ...