FG Nexus Inc. 8-K

What Happened FG Nexus Inc. (FGNX) filed an 8-K reporting it amended its Certificate of Change to effect a 1-for-5 reverse stock split of its common stock, effective at 9:30 a.m. Eastern Time on February 13, 2026. The company also reduced its authorized common shares from 900,000,000 to 180,000,000. Trading on Nasdaq began on a split-adjusted basis under the existing symbol "FGNX" and the new CUSIP is 30329Y403.

Key Details

• Reverse split ratio: 1-for-5, effective Feb 13, 2026 at 9:30 a.m. ET.
• Shares outstanding: approximately 32,776,218 before the split; expected to be approximately 6,550,000 after the split.
• No fractional shares will be issued; holders who would receive fractions will get cash in lieu.
• Par value of common stock and authorized preferred stock remain unchanged; outstanding options and warrants will be proportionally adjusted.
• Electronic brokerage holders need take no action; paper certificate holders may (but are not required to) submit certificates to transfer agent Broadridge to receive replacement certificates.

Why It Matters A reverse stock split reduces the number of shares outstanding and increases the per-share price proportionally; it does not change each investor’s percentage ownership (aside from minor rounding from fractional-share cash-outs). For investors, this can affect share liquidity, per-share price metrics, and how options/warrants are exercised going forward. The filing confirms the corporate action is complete and trading reflects the new share structure.