FingerMotion issues pre-funded warrants for 12,708,611 shares in registered direct offering
FNGR•Registered direct offering details
FingerMotion entered a registered direct offering to sell 3,958,055 common shares at USD 0.24 per share.
The deal includes the issuance of 12,708,611 pre-funded warrants to limit beneficial ownership above 4.99%.
The pre-funded warrants are priced at USD 0.24 each with a USD 0.0001 exercise price and are immediately exercisable until fully exercised.
Expected net proceeds are about USD 4 million for general corporate purposes.
