Recent Updates — FNGR
FingerMotion, Inc. announced a non-binding memorandum of understanding with Lyken AI Computing Inc. and BlueFlare Energy Solutions Inc. to establish a demand-to-capacity matching framework for modular behind-the-meter compute capacity in Western Canada. The agreement outlines roles where FingerMotion acts as project sponsor, BlueFlare handles development and construction, and Lyken provides enterprise AI demand. This builds on an August 27 strategy and FingerMotion's prior acquisition of a 9.9% stake in Lyken. The company is also discussing firm natural gas supply arrangements for corridor sites but has not executed definitive agreements or committed to funding. FingerMotion operates in the mobile payment, recharge, and data-analytics markets in China while expanding into enterprise AI infrastructure.
FingerMotion, Inc. entered into a securities purchase agreement on August 31, 2026, for a registered direct offering of 3,958,055 shares of common stock at $0.24 per share and pre-funded warrants to purchase 12,708,611 additional shares. The company issued the common stock on August 31, 2026, and netted approximately $4.0 million in proceeds after deducting offering expenses. Proceeds are intended for general corporate purposes and working capital. Concurrently, FingerMotion terminated its at-the-market issuance sales agreement with R.F. Lafferty & Co., Inc. The company operates in the technology sector, developing motion capture solutions.
FingerMotion, Inc. entered into a securities purchase agreement on August 31, 2026, for a registered direct offering of 3,958,055 shares of common stock at $0.24 per share and pre-funded warrants to purchase 12,708,611 additional shares. The company expects net proceeds of approximately $4.0 million after estimated expenses, which will be used for general corporate purposes and working capital. FingerMotion, Inc. operates in the technology sector, developing motion capture solutions.
FingerMotion, Inc. issued a press release outlining a strategic pivot toward becoming an owner-operator of behind-the-meter AI and high-performance computing infrastructure in North America, leveraging a partnership with BlueFlare Energy Solutions for site development and power generation. The company completed its first executed step on August 17, 2026, by acquiring a 9.9% equity interest in Lyken.AI Computing Inc. for 1,674,480 restricted common shares, providing access to enterprise inference demand. FingerMotion intends to continue its existing mobile payment and data-analytics operations in China while building this new infrastructure business. The company operates in the technology sector, specifically serving mobile payment, recharge, and data-analytics markets.
FingerMotion, Inc. issued a letter from newly appointed CEO Jolie Kahn outlining a strategic pivot toward modular AI and high-performance computing infrastructure in North America while maintaining its existing mobile payment business in China. The company recently acquired a 9.9% interest in Lyken AI Computing Inc. to access cloud-compute capacity and enterprise offerings. CFO Chris Polimeni joined the firm to support financial controls for this expansion. FingerMotion operates in the technology sector, providing mobile payment, recharge, and data analytics services in China.
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.