secwatch.observer — SEC 8-K summary
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Issuer:     FingerMotion, Inc. (FNGR)
CIK:        0001602409
Form:       8-K
Filed at:   2024-08-09T23:59:59+00:00
Accession:  0001520138-24-000268
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

FingerMotion reduces private placement price 40% to $1.50 after stock drop; increases share count
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602409/000152013824000268/0001520138-24-000268-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602409/000152013824000268/fngr-20240805_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000268

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer