secwatch.observer — SEC 8-K summary
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Issuer:     FingerMotion, Inc. (FNGR)
CIK:        0001602409
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001520138-24-000409
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FingerMotion subsidiary enters SGD 250K loan agreement at 1.67% monthly interest
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- Finger Motion Company Ltd borrowed SGD 250,000 from Rita Chou Phooi Har for working capital; full amount drawn on Nov 7, 2024.
- Loan bears interest at 1.67% per month (~20% annual), payable monthly; due one year from drawdown unless extended by lender.
- Borrower restricted from major structural changes, asset sales, loans, or charter amendments without lender consent.
- Prepayment allowed only in SGD 50,000 increments with 3 business days' notice and accrued interest.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602409/000152013824000409/0001520138-24-000409-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602409/000152013824000409/fngr-20241108_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000409

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