Ethereum Treasury Company FG Nexus announces a 1:5 reverse stock split

Odaily Planet Daily reports that NASDAQ-listed Ethereum treasury company FG Nexus announced a 1-for-5 reverse stock split, meaning every 5 common shares will automatically consolidate into 1 share. The company expects this to take effect at 9:30 AM Eastern Time on February 13, 2026, and will also activate a new CUSIP number 30329Y403. After the split, its stock will still be traded on NASDAQ under the ticker “FGNX.” It is estimated that based on the current circulating shares of approximately 32.7762 million, the number of shares outstanding will decrease to about 6.5552 million; the authorized common shares will be reduced from 900 billion to 180 billion. (Globenewswire)