FingerMotion Board Approves Warrant Dividend for Shareholders

FingerMotion Inc. (NASDAQ: FNGR) announced that its Board of Directors has preliminarily approved a dividend in kind consisting of warrants to purchase common shares of the company. The final terms, record date, and payment date for this dividend distribution will be determined through a subsequent Board resolution, providing shareholders with additional investment opportunities in the evolving technology company.

The company plans to issue the Dividend Warrants under a new warrant agreement with an institutional agent, while simultaneously pursuing regulatory approvals necessary for the distribution. FingerMotion intends to file a Form S-3 registration statement with the Securities and Exchange Commission to register both the warrants and the underlying common shares, ensuring compliance with federal securities regulations. Additional information about the company's regulatory filings can be found at https://ibn.fm/FNGR.

This dividend declaration represents a strategic move by FingerMotion to return value to shareholders while maintaining its focus on expanding its core mobile payment and recharge platform solutions in the Chinese market. The company's primary business continues to experience user base growth, creating opportunities for developing additional value-added technologies to market to its expanding customer base. The full press release detailing this announcement is available at https://ibn.fm/Ij19G.

FingerMotion's corporate vision centers on rapidly growing its user base through organic means and developing this growth into an ecosystem of highly engaged users utilizing its innovative applications. The company's strategic positioning aims to onboard larger customer bases by creating this engaged ecosystem, with ambitions to eventually serve over one billion users in the China market before expanding the business model to other regional markets.

The timing of the actual dividend declaration is anticipated to occur following completion of the SEC review process, subject to market conditions and other factors. FingerMotion also plans to seek Nasdaq listing approval for the warrants, ensuring they meet the exchange's stringent listing requirements. This dividend distribution comes as the company continues to evolve its technology offerings beyond its core competency in mobile payment solutions.

For investors, this warrant dividend represents an opportunity to participate in FingerMotion's growth trajectory while the company expands its technological capabilities and market reach. The preliminary approval demonstrates the Board's confidence in the company's strategic direction and its commitment to shareholder value creation through innovative financial instruments.