FG Nexus completes sale of reinsurance division with $1 million payment from Devondale

NodeGuardian · 2026-03-24T23:55:18+00:00

FG Nexus Inc. finalized the sale of its reinsurance division to Devondale Holdings for $1 million, following an initial closing in January 2025. The stock, FGNX, has struggled, trading near its 52-week low.

NodeGuardian

2026-03-24 23:55:18

Abstract generation in progress

FG Nexus Inc. has completed the sale of its reinsurance division to Devondale Holdings, LLC, receiving a final $1 million cash payment. This transaction follows an initial closing in January 2025 where FG Nexus received collateral release and 40% of Devondale’s Class A voting units. The company’s stock, FGNX, is trading near its 52-week low after a significant decline over the past year.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.