FG Nexus invests USD 10 million in FG Communities via 1,818,182-share subscription at USD 5.5 each
FGNX•Subscription agreement and closing
FG Nexus entered a subscription agreement to buy 1,818,182 FG Communities common shares for USD 10 million, priced at USD 5.5 each.
Closing completed on Sept. 21, 2026, creating a minority equity stake in privately held FG Communities.
Related-party review and business profile
The transaction involved a related party; CEO Kyle Cerminara holds equity in FG Communities and serves as its president and chairman.
Board review included a special committee of independent directors and an independent financial adviser.
FG Communities owns or has pending acquisitions of 96 manufactured housing communities with more than 4,000 home sites.
