Breaking News: FingerMotion Secures $5 Million in Registered Direct Offering!
Singapore, Singapore–(Newsfile Corp. – December 20, 2024) –
FingerMotion, Inc. (NASDAQ: FNGR) (the “Company” or “FingerMotion”), a mobile services and data company, today announced that it has entered into a definitive securities purchase agreement with certain institutional investors for the purchase and sale of 3,333,336 shares of the Company’s common stock (or common stock equivalents) and warrants to purchase up to an aggregate of 5,000,004 shares of its common stock at a combined public offering price of $1.50 per share of common stock (or common stock equivalent) and associated warrant in a registered direct offering. The common warrants will have an exercise price of $1.50 per share, are exercisable immediately, and have a term of exercise equal to five years from the date of initial exercise.
FingerMotion’s successful securing of $5 million in a registered direct offering is a significant milestone for the company. This infusion of capital will allow FingerMotion to expand its mobile services and data business, explore new opportunities, and enhance its offerings to customers.
The Company’s partnership with institutional investors demonstrates confidence in FingerMotion’s business model and growth potential. This investment will enable FingerMotion to accelerate its growth trajectory and solidify its position in the mobile services industry.
With the purchase of common stock and warrants, investors are showing their belief in FingerMotion’s ability to deliver value and generate returns. The terms of the offering, including the exercise price and term of the warrants, indicate a long-term commitment to the company’s success.
Overall, FingerMotion’s successful securing of $5 million in a registered direct offering is a positive development that will fuel the company’s growth and expansion in the mobile services and data sector.
How Will This Affect Me?
As a shareholder or potential investor, FingerMotion’s secured funding can potentially lead to increased stock value and returns on your investment. The company’s growth and expansion plans supported by this capital infusion may translate to improved financial performance and shareholder value over time.
How Will This Affect the World?
FingerMotion’s successful registered direct offering indicates investor confidence in the company’s business model and potential impact in the mobile services and data industry. The growth and expansion facilitated by this funding can contribute to innovation, job creation, and economic development in the global mobile technology sector.
Conclusion:
In conclusion, FingerMotion’s $5 million secured in a registered direct offering marks a significant milestone for the company, paving the way for growth, innovation, and expansion in the mobile services and data industry. The partnership with institutional investors highlights confidence in FingerMotion’s potential and sets the stage for future success in the evolving digital landscape.
