Form 8-K

8-K — FG Nexus Inc.

Accession: 0001493152-26-015507

Filed: 2026-04-07

Period: 2026-04-07

CIK: 0001591890

SIC: 6199 (FINANCE SERVICES)

Item: Other Events

Documents

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UNITED

STATES

SECURITIES

AND EXCHANGE COMMISSION

Washington,

D.C. 20549

FORM

8-K

CURRENT

REPORT

Pursuant

to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date

of Report (Date of earliest event reported): April 7, 2026

NEXUS INC.

(Exact

name of registrant as specified in its charter)

Nevada

001-36366

46-1119100

(State

or other jurisdiction of

incorporation

or organization)

(Commission

File

Number)

(I.R.S.

Employer

Identification

Number)

6408

Bannington Road

Charlotte,

28226

(Address

of principal executive offices)

(Zip

Code)

Registrant’s

telephone number, including area code: (704) 994-8279

(Former

name or former address, if changed since last report)

Check

the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under

any of the following provisions:

☐

Written

communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting

material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement

communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement

communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities

registered pursuant to Section 12(b) of the Act:

Title

of each class

Ticker

symbol(s)

Name

of each exchange on which registered

Common

Stock, $0.001 par value per share

FGNX

The

Nasdaq Stock Market LLC

8.00%

Cumulative Preferred Stock, Series A, $25.00 par value per share

FGNXP

The

Nasdaq Stock Market LLC

Indicate

by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405

of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging

growth company ☐

an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying

with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item

8.01. Other Events.

Potential

Transaction

The

Board of Directors (the “Board”) of FG Nexus Inc. (the “Company”) recently convened to review and discuss potential

strategic alternatives to enhance long-term stockholder value and further the Company’s strategic objectives.

part of this review, the Board discussed a potential business combination transaction with FG Communities, Inc. (“FG Communities”).

FG Communities, which was established by the founders of Fundamental Global LLC, is committed to the preservation and improvement of

affordable housing with a focus on acquiring, developing and managing manufactured housing communities (the “Potential Transaction”).

The Board’s discussions were preliminary in nature and no decisions or agreements have been reached. There can be no assurance

that the Potential Transaction will be pursued or consummated.

Since

the Potential Transaction will be considered a related party transaction, the Board intends to establish a special committee composed

solely of independent directors (the “Special Committee”) to evaluate the Potential Transaction or other strategic alternatives

with FG Communities. The Special Committee is expected to retain an independent financial advisor to provide a fairness opinion for the

Potential Transaction and to assist in the Board’s evaluation and negotiation of the Potential Transaction.

The Company intends to advance its strategy

to become a leader in the tokenization of real-world assets (the “RWA Strategy”). With the potential transaction with FG

Communities, the Company believes that it will be able to accelerate its RWA Strategy with an initial focus on affordable housing in

the United States, particularly manufactured housing communities. The Company believes this strategy would align its digital asset platform

with durable, income-producing real estate sectors that address critical housing needs.

Preliminary

financial information as of March 31, 2026 and for the quarter ended March 31, 2026

The

Company is also providing the following preliminary financial information as of March 31, 2026 and for the quarter

ended March 31, 2026:

● Cash

and cash equivalents on hand totaled approximately $14.0 million,

● The

Company held digital assets, including 20,638 ETH and 7,659 WSTETH with a combined carrying

value of approximately $57.8 million and a combined estimated market value of

approximately $63.2 million,

● Total

debt outstanding of $1.9 million,

● Outstanding

shares of common stock of 6,530,207,

● Outstanding

shares of Series A Preferred Stock of 677,160,

● Net

asset value of approximately $11 per common share,

● Total

revenue of approximately $0.2 million,

●

Combined

realized losses on digital assets and unrealized losses on measurement of fair value of ETH digital assets of approximately $37.0 million,

and

●

Loss

from continuing operations of approximately $40.0 million - $45.0 million.

The above preliminary financial information

is subject to completion of the Company’s financial closing procedures and review by the Company’s independent public accounting

firm and may differ materially from the final results that will be reported in the Company’s Quarterly Report on Form 10-Q for

the quarter ended March 31, 2026.

For

daily updates on the Company’s ETH holdings and the Company’s NAV tracker and additional information please visit the

Company’s website at https://fgnexus.io/nav-tracker. The Company’s website and the

information contained therein, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the

Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that

section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the

Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Common

Stock Repurchase Program and Series A Preferred Stock Repurchase Program

Under

the previously announced share repurchase programs, through April 6, 2026, the Company has repurchased approximately 2.2

million shares of its common stock (Nasdaq: FGNX) at an average price, including commissions, of approximately $16.04 per

share, and approximately 220 thousand shares of its Series A Preferred Stock (Nasdaq: FGNXP) at an average price, including

commissions, of approximately $24.88 per share. As of April 6, 2026, there were 6,530,207 shares of common stock outstanding

and 674,856 shares of Series A Preferred Stock outstanding.

The

Company plans to resume purchases under its previously authorized share repurchase program for its common stock, effective immediately,

subject to market conditions and other considerations. The Company plans to also continue purchases under its previously authorized

share repurchase program for its Series A Preferred Stock, effective immediately, subject to market conditions and other considerations.

SIGNATURES

Pursuant

to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by

the undersigned hereunto duly authorized.

NEXUS INC

Date:

April 7, 2026

By:

/s/

Mark D. Roberson

Name:

Mark

D. Roberson

Title:

Chief

Financial Officer

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Entity Incorporation, State or Country Code

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Security Exchange Name

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Cumulative Preferred Stock Series A [Member]

Title of 12(b) Security

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Security Exchange Name

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