The listed company FGF plans to issue $5 billion in securities, mainly for the purchase of Ethereum.

[Chain News] PANews, August 8th - Nasdaq-listed company Fundamental Global Inc. (FGF) has submitted an S-3 registration to the SEC, intending to issue up to $5 billion in securities. The majority of the raised funds will be used to purchase Ethereum, while the remaining funds will support the company’s operations. FGF plans to issue the securities in batches and will flexibly adjust the scale, pricing, and terms based on future circumstances.

The submitted prospectus includes a base prospectus and a market price (ATM) prospectus, proposing the issuance of common stock valued at up to $4 billion. These issuances will be conducted under a new agreement reached with ThinkEquity, LLC. The company may sell shares in tranches or in batches depending on market dynamics. If no shares are sold under the ATM agreement, a full issuance of $5 billion can be achieved through other means. All sales must comply with SEC guidelines and are subject to the latest market capitalization thresholds.

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