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Ethereum Treasury Company FG Nexus announces a 1:5 reverse stock split
Deep Tide TechFlow News, February 9th, according to Globenewswire, Nasdaq-listed Ethereum treasury company FG Nexus announced a 1:5 reverse stock split, meaning every 5 common shares will automatically consolidate into 1 share. Based on the current circulating shares of approximately 32,776,200, the number of shares outstanding after the split is expected to decrease to about 6,555,200; the authorized common shares will be reduced from 900 billion to 180 billion. FG Nexus expects the reverse split to take effect officially on February 13, 2026, at 9:30 AM Eastern Time, and will also activate a new CUSIP number 30329Y403. After the split, its stock will continue trading on Nasdaq under the ticker symbol “FGNX.”