other material
confidence high
sentiment neutral
materiality 0.65
FingerMotion raises $5.0M in registered direct offering of stock and warrants
FingerMotion, Inc.
- Sold 3,333,336 shares plus warrants for 5,000,004 shares at $1.50/unit; net proceeds $4.44M.
- Common warrants exercisable immediately at $1.50, expire in 5 years.
- Roth Capital received 7% cash fee and 250,000 placement agent warrants at $1.88.
- Directors, officers, and 10% holders subject to 60-day lock-up.
- Proceeds to be used for general corporate and working capital purposes.