FingerMotion To Acquire Newbit Technology For $2.3 Mln In Cash

September 29, 2026 — 05:10 pm EDT

Written by RTTNews.com for RTTNews

(RTTNews) - Tuesday, FingerMotion, Inc (FNGR), a telecom services provider in China, announced that it has entered into a definitive Share Purchase Agreement dated as of September 23 with individual shareholders of Newbit and Newbit Technology Inc., a British Columbia corporation extra-provincially registered in Alberta.

Under the agreement, FingerMotion will acquire 100% of Newbit for $2.3 million in cash. The purchase is on a cash-free, debt-free basis, subject to customary adjustments.

Newbit holds the surface tenure, development and building permits, pipeline and metering infrastructure, environmental and Alberta Utilities Commission Rule 007 registration, and related rights associated with the company's previously disclosed 9.9 MW behind-the-meter site in the County of Newell, Alberta.

In after-hours trading on the Nasdaq, the shares of Fingermotion were trading 11.84 percent higher at $0.1540, after closing Tuesday's trading 2.69 percent down.

RTTNews

Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

FingerMotion To Acquire Newbit Technology For $2.3 Mln In Cash

Tags

Latest Articles