FG Nexus completes sale of FG Reinsurance Division after USD 1 million payment

Reuters03-24 05:01

<a href="https://laohu8.com/S/FGNX">FG Nexus</a> completes sale of FG Reinsurance Division after USD 1 million payment

FG Nexus completed the sale of its FG Reinsurance Division to Devondale, including 100% of the equity of FG Re and FG Solutions.
Consideration at the initial closing included the release of USD 3.3 million in collateral and 40% of Devondale’s Class A voting units.
An additional USD 1.0 million cash payment to FG Reinsurance Holdings was made to complete the sale.
The transaction also included a USD 1.25 million promissory note bearing 6% annual interest, due June 30, 2027.

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: 0001493152-26-012189), on March 23, 2026, and is solely responsible for the information contained therein.

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