FingerMotion Inc. Board Preliminarily Approves Dividend of Warrants to Common Shareholders

FingerMotion Inc. (NASDAQ: FNGR) announced that its Board of Directors has preliminarily approved a dividend in kind of warrants to purchase common shares of the company. The final terms, record date, and payment date for this dividend will be determined by a subsequent Board resolution, indicating that the company is moving forward with shareholder value distribution plans while maintaining flexibility in implementation timing.

The company expects the Dividend Warrants to be issued under a new warrant agreement with an institutional agent, demonstrating a structured approach to the distribution process. FingerMotion plans to file a Form S-3 registration statement with the Securities and Exchange Commission to register both the warrants and the underlying common shares, while also seeking approval from Nasdaq for listing the warrants. This dual regulatory approach shows the company's commitment to proper compliance and market transparency.

According to the announcement, the formal dividend declaration is anticipated to occur following completion of the SEC review process, subject to market conditions and other factors. This timing consideration reflects the company's prudent approach to capital markets activities and recognition of external factors that could influence the optimal timing for such corporate actions.

FingerMotion operates as a technology company with core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to expand, the company is developing additional value-added technologies to market to its growing customer base. The company's strategic vision involves rapidly growing its user base through organic means and developing this growth into an ecosystem of highly engaged users utilizing its innovative applications.

The development of a highly engaged ecosystem of users would strategically position FingerMotion to onboard larger customer bases. The company eventually hopes to serve over 1 billion users in the China market and potentially expand its business model to other regional markets. This ambitious growth strategy underscores the long-term potential that the warrant dividend may represent for current shareholders.

For investors seeking additional information about FingerMotion, the latest news and updates relating to FNGR are available in the company's newsroom at https://ibn.fm/FNGR. The preliminary approval of the warrant dividend represents a significant corporate development that could potentially enhance shareholder value while the company continues to execute on its core business strategy in the competitive Chinese mobile technology market.