FG Nexus board approves $10M investment in FG Communities for ~10% stake, renaming to FG Communities Holdings ($FGC)

Posts claim the board of FG Nexus ($FGNX) approved a $10M investment in FG Communities for roughly a 10% stake, alongside a strategy to acquire affordable housing communities, and that the company is renaming itself FG Communities Holdings with the ticker $FGC. FG Communities is described as owning or having pending 96 communities with more than 4,000 home sites.

Detected & updated continuously · Source: Nebula