---
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"
generated_at: "2026-06-21T14:10:18.127877+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FingerMotion triggers default on $4.8M note, raises $15.55M in private placements; offers 110% payout

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.04, 3.02, 7.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001520138-22-000532
- JSON: https://secwatch.observer/filing/0001520138-22-000532.json
- Plain text: https://secwatch.observer/filing/0001520138-22-000532.txt

## Key facts
- Debt Financings
  FingerMotion, Inc. reported a default on convertible notes of $4,800,000 with Lind Global Fund II LP at interest free.
  - Instrument: convertible notes
  - Principal: $4,800,000
  - Counterparty: Lind Global Fund II LP
  - Rate: interest free
  - Event: default
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1602409/000152013822000532/0001520138-22-000532-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.