FG Nexus Buys $10 Million Stake in FG Communities for $5.50 Per Share

FG Nexus Inc. has completed the acquisition of a significant equity stake in FG Communities, Inc., purchasing 1,818,182 shares of common stock for an aggregate price of $10,000,001. The transaction, which closed on September 21, 2026, valued each share at $5.50 and was executed via a subscription agreement signed on September 17, 2026.

FG Communities is a privately held, self-administered real estate investment company headquartered in North Carolina. The firm owns and operates a portfolio of manufactured housing communities that currently includes 96 communities and over 4,000 home sites, with additional sites pending acquisition. FG Nexus, incorporated in Nevada and listed on The Nasdaq Stock Market LLC under the ticker symbol FGNX, disclosed the deal in a Form 8-K filed with the U.S. Securities and Exchange Commission.

The acquisition involves a direct conflict of interest due to overlapping leadership between the two entities. Kyle Cerminara serves as Chairman and Chief Executive Officer of FG Nexus while simultaneously holding the positions of President and Chairman at FG Communities. Several other officers and directors of FG Nexus also hold significant equity positions and serve in leadership roles at FG Communities. Given these affiliations, the transaction required specific governance procedures to ensure fair evaluation.

The Board of Directors of FG Nexus approved the acquisition following a review and recommendation from a Special Committee composed solely of independent directors. An independent financial advisor also participated in the review process before the Board gave its final approval. Mark D. Roberson, Chief Financial Officer of FG Nexus, signed the report on September 23, 2026. The company’s securities include common stock with a par value of $0.001 per share and 8.00% Cumulative Preferred Stock, Series A, with a par value of $25.00 per share.