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On August 2, Nasdaq-listed company Fundamental Global announced the establishment of the trust fund FG CVR Trust after reaching a final agreement for a $200 million private sale financing. It is reported that the fund is registered in Delaware and aims to monetize and distribute various legacy assets and business liquidation proceeds. Previously, Fundamental Global announced the completion of the $200 million private sale financing and will be renamed FG Nexus, planning to use Ethereum (ETH) as the main reserve asset and carry out staking operations.