Ethereum treasury company FG Nexus announces 1:5 reverse stock split

According to Odaily, Nasdaq-listed Ethereum treasury company FG Nexus has announced a 1-for-5 reverse stock split, meaning every 5 shares of common stock will automatically be consolidated into 1 share. The company expects the split to take effect at 9:30 AM EST on February 13, 2026, and will also adopt a new CUSIP number 30329Y403. After the split, its shares will continue to trade on Nasdaq under the ticker "FGNX." Based on the current approximately 32.7762 million shares outstanding, the number of shares in circulation is expected to decrease to about 6.5552 million after the split. The number of authorized common shares will be reduced from 90 billion to 18 billion. (Globenewswire)