secwatch.observer — SEC 8-K summary
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Issuer:     FingerMotion, Inc. (FNGR)
CIK:        0001602409
Form:       8-K
Filed at:   2026-05-13T21:39:18+00:00
Accession:  0001520138-26-000163
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1602409/000152013826000163/0001520138-26-000163-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1602409/000152013826000163/fngr-20260313_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-26-000163

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