FG Nexus Inc. filed a Form 8-K on September 23, 2026, disclosing that it entered into a subscription agreement on September 17, 2026, to acquire shares of privately held FG Communities, Inc. for approximately $10 million, with the transaction closing on September 21, 2026.

Key Highlights

  • Share purchase: FG Nexus agreed to purchase 1,818,182 shares of FG Communities, Inc. common stock at $5.50 per share.
  • Aggregate price: The total purchase price was $10,000,001, payable in cash.
  • Closing date: The acquisition of the FGC shares closed on September 21, 2026.
  • Related-party involvement: Kyle Cerminara, the Company's Chairman and CEO, also serves as President and Chairman of FGC and holds a significant equity position in FGC.
  • Board approval process: The transaction was reviewed and recommended by a Special Committee of independent directors and an independent financial advisor before Board approval.
  • FGC portfolio: According to the filing, FGC currently holds 96 manufactured housing communities with over 4,000 home sites either owned or pending acquisition.

FG Nexus Invests in Manufactured Housing Community Operator FG Communities

According to the Form 8-K filed with the SEC, FG Nexus Inc. (NASDAQ:FGNX) entered into a subscription agreement on September 17, 2026, with FG Communities, Inc. ("FGC"), a privately held, self-administered, self-managed real estate investment company headquartered in North Carolina. Under the agreement, the Company agreed to purchase 1,818,182 shares of FGC common stock, par value $0.001 per share, for an aggregate purchase price of $10,000,001, equal to $5.50 per share, payable in cash. The filing states that closing of the acquisition occurred on September 21, 2026.

The filing describes FGC as having a growing portfolio of manufactured housing communities that it owns and operates, currently consisting of 96 communities with over 4,000 home sites either owned or pending acquisition. The Company's Chairman and Chief Executive Officer, Kyle Cerminara, also serves as President and Chairman of FGC and holds a significant equity position in that entity, creating a related-party dimension to the transaction.

Because of the overlapping officers and directors between the two entities, the filing states that the Company's Board of Directors evaluated and approved the acquisition "following a review and recommendation by both the Special Committee of the Board, consisting solely of independent directors, and an independent financial advisor." The 8-K was signed by Mark D. Roberson, Chief Financial Officer of FG Nexus Inc., and filed on September 23, 2026.

What Was Disclosed

FG Nexus Inc. disclosed the terms, pricing, and closing of its $10,000,001 equity investment in FGC, a related-party transaction involving overlapping leadership, and described the independent review process the Board undertook prior to approving the purchase.