Recent Updates — FGCPP
FG Communities Holdings Inc. closed the acquisition of a manufactured housing community in Garner, North Carolina, on October 8, 2026, and another in Mars Hill, North Carolina, on October 9, 2026. The Garner property includes 49 homesites on 59 acres, while the Mars Hill site comprises 29 homesites on 19 acres. Both transactions were funded using cash on hand from unaffiliated third parties. These acquisitions expand the company's portfolio in the Raleigh and Asheville metropolitan areas as it continues its strategy of acquiring land-lease affordable housing communities. FG Communities Holdings Inc. is a real estate-focused operating company dedicated to the acquisition, ownership, and operation of land-lease affordable housing communities.
FG Nexus Inc. entered into a subscription agreement on September 17, 2026, to acquire 1,818,182 shares of FG Communities, Inc. for an aggregate purchase price of $10,000,001, or $5.50 per share. The transaction closed on September 21, 2026. FG Communities is a privately held real estate investment company operating a portfolio of 96 manufactured housing communities with over 4,000 home sites in North Carolina. The deal was approved by an independent special committee due to conflicts of interest involving shared officers and directors. FG Nexus Inc. operates in the financial services sector, focusing on investments in alternative assets.
FG Nexus Inc. announced a strategic pivot into affordable housing, approving an investment of $10 million in FG Communities, Inc., representing approximately 10% of its outstanding common stock. The company also outlined plans to acquire land-lease affordable housing communities directly using cash, debt, and equity proceeds. Concurrently, FG Nexus intends to change its corporate name to FG Communities Holdings, Inc., with ticker symbols changing from FGNX/FGNXP to FGC/FGCPP. This transaction involves related parties, including CEO Kyle Cerminara, who holds significant positions in both entities. The company operates as a merchant bank and real estate focused operating company.
FG Nexus Inc. announced a strategic pivot to establish a new real estate operating subsidiary and exit its digital asset business. Consequently, the Board eliminated the CEO of the Digital Assets Division position. Maja Vujinovic resigned as CEO of the Digital Assets Division and from the Board effective June 30, 2026, transitioning to a six-month consulting role for a $325,000 fee. Her separation package includes $300,000 in cash severance, a $150,000 prorated 2026 bonus, and a warrant to purchase 25,000 shares of common stock. The company is FG Nexus Inc., a real estate and digital asset services provider.