FG Nexus Inc. 8-K

What Happened

• FG Nexus Inc. (FGNX) filed an 8-K reporting the Board approved forming a new real estate operating subsidiary and authorized management to continue exiting the Company’s digital asset business.
• In connection with that strategic shift, the Board eliminated the position of CEO — Digital Assets Division. Effective June 30, 2026, Maja Vujinovic’s employment ended and she resigned from the Board to enter a six‑month consulting arrangement with the Company.

Key Details

• Board approval of strategic change: June 24, 2026; position elimination and separation effective June 30, 2026.
• Consulting arrangement: 6 months for $325,000.
• Separation payments (subject to execution/non‑revocation of a general release and terms of her Employment Agreement): $300,000 cash severance (six months base salary) and a prorated 2026 bonus of $150,000.
• Equity consideration: Company will issue a warrant to purchase 25,000 shares at an exercise price equal to the closing price on the trading day immediately preceding issuance; Ms. Vujinovic’s existing warrants remain outstanding.
• Other: payment for accrued unused PTO and Company‑paid COBRA coverage for six months (subject to law and agreement terms). The separation agreement is filed as Exhibit 10.1; a press release was filed as Exhibit 99.1.

Why It Matters

• The company is shifting away from digital assets and toward real estate operations, which materially changes its business focus and risk profile.
• Known near‑term cash obligations tied to the separation and consulting arrangement total at least $775,000 (consulting $325K + severance $300K + prorated bonus $150K), plus potential costs for PTO and COBRA and potential shareholder dilution from the 25,000‑share warrant.
• The filing does not include financial results; investors should watch for further disclosures about the new real estate subsidiary, the timeline and scope of the digital asset exit, and any additional costs or strategic updates.