TechFlow, Oct 20 — According to GLOBE NEWSWIRE, FG Nexus (Nasdaq: FGNX, FGNXP), a U.S.-listed Ethereum treasury company, announced the launch of its previously board-approved $200 million stock repurchase program and has entered into an agreement with ThinkEquity to begin repurchases immediately.
Under the agreement, ThinkEquity will conduct purchases in accordance with Rule 10b-18, buying up to 25% of the daily trading volume when the share price is below $5.00. The timing and amount of repurchases will depend on various factors including market conditions, the company's financial performance, and other investment opportunities.
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