FingerMotion Terminates At-the-Market Issuance Sales Agreement with Univest Securities

On December 16, 2024, FingerMotion, Inc. (NASDAQ:FNGR) announced the mutual termination of the At-the-Market Issuance Sales Agreement with Univest Securities, LLC. The agreement, which had been in effect since September 11, 2023, was terminated effectively on the same date.

The termination of this agreement signals a change in the financial approach of FingerMotion, a company known for its innovative strategies in the tech industry. The decision to terminate the agreement with Univest Securities, LLC was a mutual understanding between both parties.

In a Form 8-K filed with the Securities and Exchange Commission on December 16, 2024, FingerMotion detailed the termination of the material definitive agreement. This move reflects the company’s focus on refining its financial arrangements and optimizing its resources in alignment with its operational objectives.

As of the date of the report, FingerMotion did not disclose any further details regarding the termination of the agreement. The company’s decision to end the At-the-Market Issuance Sales Agreement is a strategic step that may impact its financial standing and future operations.

Investors and market analysts are likely to observe the implications of this termination on FingerMotion’s market position and financial outlook. The company’s shares, traded on The Nasdaq Stock Market LLC under the symbol FNGR, may experience fluctuations as a result of this development.

For further updates and insights into FingerMotion’s financial strategies and operational activities, interested parties can refer to the official announcements and filings released by the company in compliance with regulatory requirements.

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This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read FingerMotion’s 8K filing here.

About FingerMotion

FingerMotion, Inc, a mobile data specialist company, provides mobile payment and recharge platform system in China. The company offers telecommunication products and services, including data plans, subscription plans, mobile phones, and loyalty points redemption services; bulk short message service and multimedia messaging services; and Rich Communication Services (RCS) platform, a proprietary business messaging platform that enables businesses and brands to communicate and service their customers on the 5G infrastructure.