FG Nexus Forms Special Committee Of Board Of Directors Comprised Solely Of Independent Directors To Evaluate Strategic Alternatives To Enhance Long-Term Stockholder Value And Further Strategic Objectives

Potential Business Combination expected to integrate income-producing affordable housing assets with FG Nexus' real-world asset platform

Charlotte, NC, May 04, 2026 (GLOBE NEWSWIRE) -- FG Nexus (NASDAQ:FGNX, FGNXP))) (the "Company"), today announced the formation of a Special Committee of the Company's Board of Directors comprised solely of independent directors (the "Special Committee") to evaluate strategic alternatives to enhance long-term stockholder value and further the Company's strategic objectives. Initially, the Special Committee will evaluate the previously announced potential business combination (the "Potential Transaction") with FG Communities, Inc. ("FG Communities"), a self-administered, self-managed real estate investment company committed to the preservation and improvement of affordable housing with a focus on acquiring, developing and managing manufactured housing communities. The Proposed Transaction is considered a related party transaction because FG Communities was founded by our Chairman and CEO and is controlled by several persons, including Kyle Cerminara, who are affiliated with the Company.

The Company intends to advance its strategy to build a leading platform for real-world assets and believes that a potential combination with FG Communities would accelerate a strategic expansion into income-producing affordable housing, providing a durable foundation for long-term growth and scalable capital formation.