FG Nexus announces 1-for-5 reverse stock split

What: FG Nexus has announced a 1-for-5 reverse stock split to maintain its listing eligibility.
Why: The move aims to boost the company's stock price and meet listing requirements.
Signal: The reverse split may indicate a shift in the company's strategy or financial health.
Target: The company's market capitalization is expected to increase by a factor of **5**.
Risk: The split may negatively impact smaller shareholders who hold a large number of shares.