FingerMotion, Inc. seeks approval on December 4, 2026 for one or more reverse splits over a twenty four month period at a cumulative ratio from one-for-ten to one-for-one hundred, addressing Nasdaq’s $1.00 minimum bid price requirement.
FNGR · FingerMotion, Inc. · Documents
Substantial doubt about the company's ability to continue as a going concern.
“These factors raise substantial doubt about the Company’s ability to continue as a going concern. ... management believes that there is substantial doubt in the Company’s ability to continue as a going concern for twelve months from the issuance of these interim financial statements.”View the 10-Q filed Oct 15, 2026
One customer — 29% of revenue (three months ended May 31, 2026)
“For the three months ended May 31, 2026, four customers each accounted for more than 10% of the Company’s total revenue, with individual contributions of 29% , 29%, 18% and 16%.”
One customer — 29% of revenue (three months ended May 31, 2026)
“For the three months ended May 31, 2026, four customers each accounted for more than 10% of the Company’s total revenue, with individual contributions of 29% , 29%, 18% and 16%.”
One customer — 18% of revenue (three months ended May 31, 2026)
“For the three months ended May 31, 2026, four customers each accounted for more than 10% of the Company’s total revenue, with individual contributions of 29% , 29%, 18% and 16%.”
One customer — 16% of revenue (three months ended May 31, 2026)
“For the three months ended May 31, 2026, four customers each accounted for more than 10% of the Company’s total revenue, with individual contributions of 29% , 29%, 18% and 16%.”
Key customers — 37% of receivables (as at May 31, 2025)
“As at May 31, 2025, amounts due from these customers represented approximately 37% of the Company’s total accounts receivable.”
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FingerMotion, Inc. will ask stockholders on December 4, 2026 to authorize reverse splits over twenty four months, at a cumulative ratio of no less than one-for-ten and up to one-for-one hundred, seeking Nasdaq compliance after its bid price fell below $1.00.
FingerMotion, Inc. reported revenue of $281,076 for the three months ended August 31, 2026, down 97%, a net loss attributable to stockholders of $4,932,239, and gross profit of $136,515 versus $38,740, as lower telecommunications transaction volume constrained revenue.
FingerMotion, Inc. filed an updated CT International LLP auditor consent dated October 14, 2026, relating to financial statements for the fiscal years ended February 28, 2026 and 2025; the report includes an explanatory paragraph about FingerMotion, Inc.’s ability to continue as a going concern.
FingerMotion, Inc.’s counsel opines that up to 25,521,564 shares issued upon conversion of a $5,000,000 note or exercise of a warrant will be validly issued, fully paid and non-assessable.
FINGERMOTION, INC. stockholders approved share issuance under NASDAQ RULE 5635(d) and an increase in authorized shares to 500 MILLION on October 6, 2026.
FingerMotion agreed to acquire 100% of Newbit for US$2,300,000 in cash, securing permits and infrastructure for its 9.9 MW County of Newell site; closing is targeted on or before October 29, 2026, subject to conditions.
FingerMotion, Inc. registered a shelf for up to $50,000,000 of common shares, warrants, subscription receipts and units. It separately agreed to sell 3,958,055 shares at $0.24 per share and issue pre-funded warrants for 12,708,611 shares.