secwatch.observer — SEC 8-K summary
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Issuer:     FingerMotion, Inc. (FNGR)
CIK:        0001602409
Form:       8-K
Filed at:   2026-03-24T23:59:59+00:00
Accession:  0001520138-26-000083
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FingerMotion to acquire Telforge in stock deal; up to 7.33M shares, earnouts tied to revenue milestones
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- FingerMotion issues up to 7,333,333 shares (2,333,333 at closing, 5,000,000 milestone shares) for all Telforge shares.
- Closing condition: FNGR must raise ≥$1M net equity; Telforge must have ≥$2M cash at close.
- Earnout: 2M shares if Cumulative Revenue+Secured Contract Value ≥$2.5M in 3 months; 3M shares if ≥$5M in 6 months.
- Registration rights granted; failure to file S-1/S-3 within 60 days triggers 80,000 additional shares per month liquidated damages.
- Outside date for closing: April 15, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602409/000152013826000083/0001520138-26-000083-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602409/000152013826000083/fngr-20260318_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-26-000083

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