FingerMotion signs non-binding term sheet to combine with BlueFlare
FNGR•FingerMotion signed a non-binding term sheet for a potential business combination with BlueFlare Group Holdings. BlueFlare shareholders and certain management and advisory parties would own about 80% of the combined company, subject to a definitive agreement, approvals, funding requirements and third-party valuations.
1. Potential combination
FingerMotion signed a non-binding term sheet for a potential business combination with Calgary-based BlueFlare Group Holdings. The combined business would focus on North American on-site power generation and modular high-performance computing infrastructure. BlueFlare shareholders and certain management and advisory parties would hold approximately 80% of the combined company on a fully diluted basis. The company would become BlueFlare, trade on Nasdaq as BFLR, and have Jolie Kahn as CEO, president and chair; completion depends on a definitive merger agreement, shareholder approvals, funding requirements and third-party valuations.
