FingerMotion (NASDAQ: FNGR), a mobile services and data company, announced that its board of directors has preliminarily approved a dividend in kind of warrants (each, a “dividend warrant”) to purchase shares of the company’s common stock to holders of the company’s common stock. According to the announcement, the terms of the dividend warrants, as well as the record and payment dates for the dividend, will be fixed by further resolution of the board. The dividend warrants are anticipated to be created and allotted per a warrant agreement to be entered into between FingerMotion and a suitably qualified institutional warrant agent. FingerMotion intends to file a registration statement on Form S-3 with the United States Securities and Exchange Commission for the purpose of registering the dividend warrants and underlying common shares under the United States Securities Act of 1933, as amended, and to apply to the Nasdaq Stock Market LLC for the listing of the dividend warrants and the underlying common shares on the Nasdaq Capital Market.
To view the full press release, visit https://ibn.fm/Zzyqa
About FingerMotion Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the company is developing additional value-added technologies to market to its users. The vision of the company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets. For more information about the company, visit https://fingermotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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