FG Nexus Sells Reinsurance Division to Devondale for Equity and Cash Consideration

Reuters01-09

<a href="https://laohu8.com/S/FGNX">FG Nexus</a> Sells Reinsurance Division to Devondale for Equity and Cash Consideration

FG Nexus Inc. has completed the sale of its FG Reinsurance Division, which includes FG Reinsurance Ltd. and FG Solutions Ltd., to Devondale Holdings, LLC. The transaction involved the release of $3.3 million in collateral and the receipt of 40% of Devondale’s Class A voting units. A second closing is expected in January 2026, with an additional $1 million cash payment to FG Nexus Inc.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FG Nexus Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-001002), on January 08, 2026, and is solely responsible for the information contained therein.

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