FingerMotion签署收购Telforge的协议

2026-03-18 21:40

FingerMotion (FNGR) will acquire Telforge, against which the company has entered a share exchange agreement.
Pursuant to the agreement, the shareholders have agreed to exchange all of their outstanding shares of Telforge in exchange for up to 7.33M shares of FingerMotion.
At the closing of the agreement, the company shall issue the shareholders on a pro rata basis an aggregate of 7.33M shares of common stock, of which 2.33M shares of common stock will be released to the shareholders, and 5M shares of common stock will be placed in escrow and shall not be released until they are earned as a result of certain achievements.
If the cumulative revenue plus secured contract value for the first earnout period is equal to or greater than $2.50M, the shareholders shall have earned 2M milestone shares. If the cumulative revenue plus secured contract value for the second earnout period is equal to or greater than $5M, the shareholders will have earned 3M milestone shares.
FNGR +6.54% premarket to $1.4383.
Source: Press Release

More on FingerMotion