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FingerMotion Inc. Warrant Dividend FAQ
TL;DR
FingerMotion's dividend warrants offer investors potential equity upside while the company expands its mobile payment ecosystem in China's massive market.
FingerMotion will issue dividend warrants through SEC registration and Nasdaq approval, with final terms determined by subsequent board resolution after regulatory review.
FingerMotion's growth in mobile payment technology aims to serve over one billion users, improving financial accessibility and digital inclusion across China.
FingerMotion is evolving from mobile payments to building an entire technology ecosystem, planning to serve China's massive population with innovative applications.
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FingerMotion's Board of Directors has preliminarily approved a dividend in kind of warrants to purchase common shares, with final terms and record and payment dates to be set by a subsequent Board resolution.
The company is planning to issue a dividend in kind consisting of warrants that will allow shareholders to purchase common shares of the company.
The dividend declaration is anticipated to occur following completion of the SEC review process, subject to market and other conditions.
FingerMotion plans to file a Form S-3 to register the warrants and underlying shares with the SEC and will also seek Nasdaq listing approval for the warrants.
The Company expects the Dividend Warrants to be issued under a new warrant agreement with an institutional agent.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China, and is developing additional value-added technologies for its growing user base.
The company aims to rapidly grow its user base organically, develop an ecosystem of highly engaged users utilizing its innovative applications, and eventually serve over 1 billion users in the China market before expanding to other regional markets.
The latest news and updates relating to FNGR are available in the company's newsroom at https://ibn.fm/FNGR
This is a preliminary approval by the Board, and the dividend is subject to SEC review, market conditions, and final Board resolution setting the specific terms and dates.
The full press release can be viewed at https://ibn.fm/Ij19G
Curated from InvestorBrandNetwork (IBN)
