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FG Nexus (Nasdaq: FGNX) put out a release this morning that basically completes the pivot they telegraphed back in July. Quick rundown: * Board approved a strategy to acquire affordable housing communities (land-lease / manufactured housing). * $10M investment in FG Communities, Inc. for roughly a 10% stake. FG Communities is a private, self-managed operator with 96 communities and 4,000+ homesites owned or pending acquisition. * Two-track approach going forward: FG Nexus buys properties directly, and also holds the FG …
— ORIGINAL POST ·
$FGNX – FG Nexus board approves affordable housing acquisition strategy + $10M stake in FG Communities, renaming to FG Communities Holdings ($FGC)
· r/pennystocks
· Sep 16, 2026