FingerMotion, Inc. Announces $4.0M Registered Offering and ATM Termination

What Happened

• FingerMotion, Inc. (FNGR) announced on August 31, 2026 that it entered a securities purchase agreement for a registered direct offering with an institutional investor. The offering included 3,958,055 shares of common stock at $0.24 per share and 12,708,611 pre-funded warrants to purchase common stock. The company issued the common stock on August 31, 2026 and expects to have netted approximately $4.0 million in proceeds after estimated offering expenses.
• Each pre-funded warrant is immediately exercisable for one share, has an exercise price of $0.0001 per share, and was sold at $0.2399 (the $0.24 share price minus $0.0001). The securities were issued under the Company’s Form S-3 registration statement (File No. 333-274456). The company also confirmed termination of its at-the-market (ATM) sales agreement with R.F. Lafferty & Co., Inc., originally dated October 23, 2025, effective August 31, 2026.

Key Details

• Offering: 3,958,055 common shares sold at $0.24 per share.
• Pre-funded warrants: 12,708,611 issued; purchase price $0.2399 each; exercise price $0.0001; immediately exercisable.
• Net proceeds: approximately $4.0 million (after estimated offering expenses).
• ATM termination: ended relationship with R.F. Lafferty & Co., Inc. as of August 31, 2026.

Why It Matters

• The financing provides FingerMotion with roughly $4.0M in cash for general corporate and working capital needs, which supports near-term operations and liquidity.
• The large number of pre-funded warrants creates potential future dilution when exercised (they are immediately exercisable at a nominal price), so investors should monitor changes in shares outstanding and related filings.
• Termination of the ATM program removes an existing avenue for raising capital via at-the-market sales, indicating the company pursued a negotiated registered deal instead of incremental ATM financings.