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Fundamental Global Inc. (FGF, FGFPP) filed a $5 billion shelf registration statement with the Securities and Exchange Commission to support its Ethereum accumulation strategy, according to a company statement.
The filing includes an at-the-market offering prospectus covering $4 billion in common stock shares that may be issued and sold over time. The Charlotte, North Carolina-based company, which plans to rename itself FG Nexus Inc., positions itself as an Ethereum treasury company.
"This $5 billion shelf filing represents a significant step in our capital raising capabilities and positions us to move with speed and scale when capital deployment opportunities arise," said Kyle Cerminara, CEO and Chairman. The company targets acquiring a 10% stake in the Ethereum Network.
The shelf registration allows the company to offer and sell up to $5 billion of securities on a registered basis, subject to market conditions and capital needs. The registration statement has been filed but has not yet become effective.
Maja Vujinovic, CEO of the company’s Digital Assets Division, stated that the framework creates value drivers including ETH price appreciation, staking rewards, and access to tokenized real-world assets.
The company describes itself as focused on becoming the largest corporate holder of Ethereum globally. Its strategy includes staking and restaking ETH to enhance yield and serve as a gateway into Ethereum-powered finance.
Securities covered by the registration cannot be sold until the SEC declares the registration statement effective. The terms of any offerings will be established when the registration becomes effective and will depend on market conditions.