Fundamental Global plans to issue up to $5 billion in securities to buy more Ethereum

PANews August 8th news, according to Coincentral, Nasdaq listed company Fundamental Global Inc. (FGF) has submitted an S-3 registration to the US SEC and plans to issue up to US$5 billion in securities. Most of the funds raised will be used to purchase Ethereum, and the rest will be used to support the company's operations. FGF plans to issue securities in batches and flexibly adjust scale, pricing and terms based on future circumstances.

The prospectus submitted this time includes a basic prospectus and a market price (ATM) prospectus, and plans to issue common stock worth up to US$4 billion. These distributions will be conducted under a new agreement with ThinkEquity, LLC. The company may sell shares in installments or batches based on market dynamics. If no shares are sold under the ATM agreement, a full $5 billion can be issued through other channels. All sales are subject to US SEC guidelines and are subject to the latest market value threshold.

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