FingerMotion to acquire Telforge in share exchange for up to 7,333,333 shares

Reuters03-25

FingerMotion to acquire Telforge in share exchange for up to 7,333,333 shares

FingerMotion entered a share exchange agreement to acquire Telforge in exchange for up to 7,333,333 FingerMotion common shares.
At closing, 2,333,333 shares are to be released to Telforge shareholders and 5,000,000 shares are to be placed in escrow tied to earnout targets.
Earnout terms include 2,000,000 shares if cumulative revenue plus secured contract value reaches USD 2.5 million over the first three months after closing.
Additional earnout terms include 3,000,000 shares if cumulative revenue plus secured contract value reaches USD 5 million over the first six months after closing.
FingerMotion agreed to pursue a resale registration statement within 60 days after closing, with 80,000 additional shares per month payable if that filing is delayed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FingerMotion Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001520138-26-000083), on March 24, 2026, and is solely responsible for the information contained therein.

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