other material
confidence high
sentiment neutral
materiality 0.55
FingerMotion reduces private placement price 40% to $1.50 after stock drop; increases share count
FingerMotion, Inc.
- Board authorized reducing subscription price from $2.50 to $1.50 per share due to stock price decline since June 2024.
- Offering size increased from 800,000 to up to 1,333,333 shares to maintain $2M gross proceeds target.
- 310,000 shares previously subscribed at $2.50 will be adjusted to the new $1.50 price.
- Offering relies on Regulation S; shares not registered, only sold to non-U.S. persons offshore.
- Trading price on Nasdaq is currently below original subscription price, prompting the adjustment.