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

Fundamental Global Inc. (FGF), a Nasdaq-listed company, has filed an S-3 registration statement with the US SEC for a proposed securities offering of up to $5 billion. The majority of the proceeds will be used to purchase Ethereum, with the remainder to fund operations. FGF plans to issue the securities in phases, with the ability to adjust the size, pricing, and terms based on future developments.