{"schema_version":"secwatch.filing_event.v1","accession":"0001520138-22-000532","form_type":"8-K","ticker":"FNGR","cik":"0001602409","company_name":"FingerMotion, Inc.","filed_at":"2022-11-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.370115+00:00","generated_at":"2026-06-21T14:10:18.127877+00:00","sec_items":["2.04","3.02","7.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"FingerMotion triggers default on $4.8M note, raises $15.55M in private placements; offers 110% payout","bullets":["Default triggered under $4.8M convertible note with Lind Global after private placement of 2.89M shares at $4.00 for $11.55M gross proceeds.","Mandatory Default Amount is 110% of principal ($5.28M); company offered to pay but investor has not declared it due.","Section 5.7 requires 25% of equity proceeds over $10M to repay note; company awaits investor waiver decision.","Company issued additional 1M shares at $4.00 for $4M gross proceeds in a separate private placement on November 21.","Issued 10,000 warrants to Benchmark at $6.70, expiring Nov 2025; investigating stock price manipulation."],"urls":{"canonical":"https://secwatch.observer/filing/0001520138-22-000532","json":"https://secwatch.observer/filing/0001520138-22-000532.json","markdown":"https://secwatch.observer/filing/0001520138-22-000532.md","text":"https://secwatch.observer/filing/0001520138-22-000532.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1602409/000152013822000532/0001520138-22-000532-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1602409/000152013822000532/fngr-20221121_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T14:10:18.127877+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b8cad615c0aaf5c74493a9c6735736d1e0e0ed43","claim":"FingerMotion, Inc. reported a default on convertible notes of $4,800,000 with Lind Global Fund II LP at interest free.","evidence_excerpt":"partnership (the “ Investor ”), pursuant to which the Company issued to the Investor a secured, two-year, interest free convertible promissory note in the principal amount of $4,800,000 (the “ Note ”) and a common stock purchase warrant (the “ Warrant ”) to acquire 3,478,261 shares of common stock of the Company (each, a “ Warrant Share ”). A total of $4,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1602409/000152013822000532/0001520138-22-000532-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$4,800,000"},{"label":"Counterparty","value":"Lind Global Fund II LP"},{"label":"Rate","value":"interest free"},{"label":"Event","value":"default"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}