FG Nexus board approves $10M stake in FG Communities, plans rebrand

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Go back to FG Nexus board approves $10M stake in FG Communities, plans rebrand

FG Nexus Board of Directors Approves Affordable Housing Real Estate Acquisition Strategy and $10 Million Investment in FG Communities

September 16, 2026 8:30 AM EDT

Company plans to change its name to FG Communities Holdings, Inc.

Charlotte, NC, Sept. 16, 2026 (GLOBE NEWSWIRE) -- FG Nexus (Nasdaq: FGNX, FGNXP) (the Company) today announced that its Board of Directors has approved a strategy to acquire affordable housing communities and make a $10 million investment in FG Communities, Inc. (FG Communities), representing approximately 10% of FG Communities outstanding common stock. FG Communities, a privately held self-administered and self-managed real estate company focused on preserving and improving affordable housing through the acquisition and operation of manufactured housing communities, has a growing portfolio of 96 communities with... More