Item 7.01 Regulation FD Disclosure
On April 12, 2023, FingerMotion, Inc. (the "Company" or "FingerMotion") issued a
news release to report that the Company has recently eliminated its remaining
convertible debt with the Company's primary lender, Lind Global Fund II LP
("Lind Global"), as a result of conversions by Lind Global and payments by the
Company, which in the aggregate totaled over $5 million.
Martin Shen, CEO of FingerMotion, Inc., commented, "We have retired all of our
outstanding institutional convertible debt, strengthening our balance sheet
while maintaining a strong cash position. Eliminating the remaining convertible
debt and related obligations to issue any additional common stock to our primary
lender eradicates any further dilutive impact of this convertible debt on our
stockholders. We are well poised for future growth, and eliminating such
convertible debt only reinforces our commitment towards building shareholder
value."
A copy of the news release is attached as Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit Description
99.1 News Release dated April 12, 2023
104 Cover Page Interactive Data File (the cover page XBRL tags are embedded
within the inline XBRL document)
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