FingerMotion, BlueFlare Group to Merge into North American Business
Dow Jones10-30
FingerMotion has entered into a non-binding agreement with BlueFlare Group Holdings to create a combined North American computing infrastructure business.
The technology company, which provides service in China, on Thursday said it has signed a non-binding term sheet to change its name to BlueFlare, and trade on the Nasdaq. BlueFlare is a Canadian-based developer of computing infrastructure.
BlueFlare shareholders and certain management parties are expected to hold 80% of the combined company.
Jolie Kahn is expected to lead BlueFlare as chief executive, and Landon Ruszkowski is expected to continue as chief executive of BlueFlare Canada. Christopher Polimeni is expected to continue as chief financial officer.
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