10:21 AM EDT, 10/20/2025 (MT Newswires) -- FG Nexus ( FGNX ) said Monday it plans to start its $200 million share repurchase program.

The company said it will buy shares below its estimated net asset value of about $5.10 per share as of Oct. 20. Chief executive officer Kyle Cerminara said buying at a discount is accretive to the company's net asset value per share.

Repurchases will be made under Rule 10b-18, limited to 25% of daily trading volume while the stock trades below $5. FG Nexus ( FGNX ) said it will not use its at-the-market facility while trading below net asset value.

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