FingerMotion acquires 9.9% stake in Lyken AI Computing in USD 500,000 share deal
FNGR•FNGR•FNGR•FNGR•Closing is set for the Aug. 12 agreement terms, subject to TSXV approval on behalf of seller Alset AI Ventures.
Consideration is set at 1,674,480 restricted shares, based on the prior-day Nasdaq close plus USD 0.01, with fractions rounded down.
No cash is payable at closing, and Alset AI is expected to retain 90.1% of Lyken after the transaction.
FingerMotion agreed to buy 99,000 Lyken AI Computing common shares for USD 500,000 in restricted common stock.
The stake equals 9.9% of Lyken’s 1,000,000 shares outstanding immediately before closing, marking FingerMotion’s entry into enterprise AI compute.
