FingerMotion, Inc. entered into a securities purchase agreement on August 16, 2026, issuing a senior secured convertible note with a $5 million principal amount and a $700,000 original issue discount to an institutional investor. The company received $4.3 million in proceeds, with $1.3 million immediately available and $3.3 million held in a DACA account subject to release conditions. The note matures one year after closing and converts at an initial price of $0.35 per share, accompanied by a warrant for 4,092,993 shares exercisable over five years. Concurrently, FingerMotion completed the acquisition of a 9.9% interest in Lyken AI Computing Inc. for $500,000 payable via 1,674,480 restricted common stock shares. The company also appointed Chris Polimeni as Chief Financial Officer effective August 17, 2026, succeeding Lee Yew Hon. FingerMotion operates in the mobile data and telecommunications services industry.
