TechFlow News, February 9: According to GlobeNewswire, FG Nexus—a Nasdaq-listed Ethereum treasury company—announced a 1-for-5 reverse stock split, whereby every five shares of common stock will automatically consolidate into one share. Based on the current approximately 32.7762 million shares outstanding, the number of shares outstanding post-split is expected to decrease to approximately 6.5552 million. The authorized number of shares of common stock will be reduced from 90 billion to 18 billion. FG Nexus expects the reverse split to become effective at 9:30 a.m. Eastern Time on February 13, 2026, and a new CUSIP number (30329Y403) will also be assigned. Following the reverse split, the company’s shares will continue trading on the Nasdaq under the ticker symbol “FGNX.”
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