FingerMotion, Inc. Announces Registered Offering with Pre‑Funded Warrants

What Happened

• On August 31, 2026, FingerMotion, Inc. announced a registered direct offering under its Form S-3. The company agreed to sell 3,958,055 shares of common stock and issue 12,708,611 pre‑funded warrants to a single institutional purchaser. The share purchase price is $0.24 per share; each pre‑funded warrant was priced at $0.2399 and has an exercise price of $0.0001. The pre‑funded warrants are immediately exercisable and expire upon full exercise. The offering is being made pursuant to the Registration Statement on Form S-3 (File No. 333-274456), declared effective September 29, 2023.

Key Details

• Offering date: August 31, 2026.
• Shares sold: 3,958,055 common shares at $0.24 each.
• Pre‑funded warrants: 12,708,611 units at $0.2399 each; exercise price $0.0001; immediately exercisable.
• Total potential new shares if all exercised: 16,666,666.
• Net proceeds to the company: approximately $4.0 million after estimated offering expenses.
• Pre‑funded warrants were used where the purchaser’s share purchase would otherwise cause beneficial ownership to exceed 4.99%.

Why It Matters

• This transaction provides FingerMotion with roughly $4.0M in additional cash for general corporate and working capital purposes. For investors, the issuance increases the company’s potential share count (up to 16,666,666 new shares if all pre‑funded warrants are exercised), which can dilute existing ownership. The use of pre‑funded warrants indicates the purchaser is being limited by a 4.99% beneficial ownership cap, but those warrants can be immediately exercised (at a nominal $0.0001 exercise price), effectively converting into shares when exercised.