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AI brief of an SEC Form 8-K · FingerMotion, Inc. (FNGR)

FingerMotion to buy Newbit for $2.3 million to secure 9.9 MW Alberta power site

Neutral Impact 3 of 5 m&a Written later

FingerMotion agreed on September 23, 2026 to buy 100% of Newbit Technology Inc. for $2.3 million in cash, on a cash-free, debt-free basis, to acquire the Brooks Campus #1 site in Alberta. The company says closing is targeted on or before October 29, 2026, and the filing states the deal does not by itself create operating generation or contracted compute revenue.

Key points

  • Purchase price of $2.3 million in cash: $230,000 deposit already paid and held in trust, a further $230,000 due on signing, and about $1.84 million at closing
  • Closing targeted on or before October 29, 2026, conditional on a new gas supply agreement with Pivotal Energy Partners and written consent of the Eastern Irrigation District
  • Vendors' general representation claims subject to a $125,000 deductible and a $460,000 cap (20% of the purchase price); no indemnity holdback or escrow
  • Acquired assets include a surface lease, County of Newell Development Permit 2022055 and pipeline infrastructure; generating equipment is excluded and must be removed before closing

The filing

CompanyFingerMotion, Inc. (FNGR)
Form8-K, current report
Filed with the SECSep 29, 2026, 4:45 PM ET
Accession number0001493152-26-044880

Items reported: 1.01 Material Definitive Agreement8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 29, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.