Ethereum Treasury Company FG Nexus Announces 1:5 Reverse Stock Split

Odaily News: Nasdaq-listed Ethereum treasury company FG Nexus announced it will implement a 1:5 reverse stock split, meaning every 5 shares of common stock will be automatically combined into 1 share. The company expects this to take effect officially at 9:30 AM Eastern Time on February 13, 2026, and will also adopt a new CUSIP number 30329Y403. Following the split, its stock will continue to trade on Nasdaq under the ticker "FGNX". It is reported that based on the current outstanding shares of approximately 32.7762 million, the number of outstanding shares is expected to be reduced to approximately 6.5552 million post-split; the number of authorized common shares will be reduced from 900 billion to 180 billion. (Globenewswire)