FingerMotion issues $5M convertible note; net proceeds of $3.3M with additional $1M subject to SEC effectiveness

FingerMotion, Inc.

Senior secured convertible note with $5M principal and $700K OID; net $3.3M received at closing; additional $1M upon SEC registration effectiveness.
Initial fixed conversion price $0.94/share; monthly redemption conversion at 90% of lowest 7-day VWAP, subject to floor price at 20% of Nasdaq Minimum Price.
First-priority security interest granted on substantially all personal property assets of the company.
Weild & Co. placement agent commission of $200,000 on initial proceeds.
Conversion restricted by 9.99% beneficial ownership cap and 12,256,260 share exchange cap unless stockholder approval obtained.

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