FingerMotion Inc. Board Preliminarily Approves Warrant Dividend for Common Shareholders

FingerMotion Inc. (NASDAQ: FNGR) has announced that its Board of Directors has preliminarily approved a dividend in kind of warrants to purchase common shares. The final terms, record date, and payment date for this dividend will be established through a subsequent Board resolution. This corporate action represents a significant development for current shareholders of the technology company.

The company expects the Dividend Warrants to be issued under a new warrant agreement with an institutional agent. 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. Additional information about this filing will be available through the SEC's public database at https://www.sec.gov/edgar/searchedgar/companysearch once submitted.

Concurrent with the SEC registration process, FingerMotion will seek listing approval for the warrants from Nasdaq. The dividend declaration is anticipated to occur following completion of the SEC review process, subject to market conditions and other factors. This timing ensures regulatory compliance while providing transparency to investors throughout the process.

For investors seeking additional information about FingerMotion's corporate developments, the company maintains a newsroom at https://ibn.fm/FNGR where updates are regularly posted. The preliminary nature of this board approval means that shareholders should monitor subsequent announcements for definitive terms and implementation timelines. This warrant dividend approach represents an alternative method of returning value to shareholders while maintaining the company's financial flexibility for ongoing operations and strategic initiatives in the competitive mobile technology sector.