IPO - FingerMotion, Inc.

Form Type: 424B5

Filing Date: 2024-12-23

Corporate Action: Ipo

Type: New

Accession Number: 000152013824000463

Filing Summary: FingerMotion, Inc. is offering up to 3,333,336 shares of its common stock along with warrants to purchase 5,000,004 shares of common stock. This offering is made pursuant to a purchase agreement signed on December 20, 2024, with the shares and warrants being priced at $1.50 each. The common warrants are exercisable at the same price and will expire five years post-issuance. The company will receive an estimated $4,650,003.72 in proceeds before expenses after the placement agent's fee, which is set at 7.0%. The company has engaged Roth Capital Partners, LLC as the exclusive placement agent. Notably, the common warrants have no expected public trading market and are offered alongside common stock to increase liquidity and attract investors. There is also a planned issuance of placement agent warrants as compensation to the placement agent. The company operates primarily in mobile data services and telecommunications, leveraging contracts with major telecom providers in China. This prospectus details significant risks associated with the investments and provides an overview of the company's operational model and market strategies. Expected delivery of the offered securities is slated for December 23, 2024, subject to customary closing conditions.

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