FingerMotion, Inc. - common stock (FNGR)

FingerMotion (NASDAQ: FNGR) entered into a definitive share purchase agreement to acquire 100% of Newbit Technology Inc. for $2.3 million in cash. Newbit holds the surface tenure, permits, pipeline and metering infrastructure, environmental approvals, Alberta Utilities Commission Rule 007 registration and related rights associated with FingerMotion’s previously disclosed 9.9 MW behind-the-meter Brooks Campus #1 in the County of Newell, Alberta. FingerMotion previously paid a $230,000 deposit, with another $230,000 due upon execution and approximately $1.84 million payable at closing, which is targeted to occur no later than Oct. 29, 2026.

FingerMotion (NASDAQ: FNGR) announced it has received indications of interest totaling approximately 52.5 MW of capacity within its 99 MW Alberta behind-the-meter power and compute program. The program comprises ten 9.9 MW generation and data hall sites grouped into four campuses in the Brooks, Coronation, Fox Creek and Vulcan Zones, representing approximately 72 MW of aggregate continuous critical IT capacity. The company said two sites, Brooks Campus #1 and Hanna Campus #1, have been secured through binding letters of intent and are expected to close in October, while requests for proposals are in process for on-site generation equipment at both locations.

FingerMotion (NASDAQ: FNGR) announced that its wholly owned subsidiary, Hanna Campus #1 Inc., entered into a binding letter of intent to acquire approximately 20.2 acres of industrial land in Hanna, Alberta, for development of a planned 9.9 MW artificial intelligence (“AI”) and high-performance computing (“HPC”) site. Hanna Campus #1 is the second campus under FingerMotion’s previously announced Alberta program targeting approximately 99 MW across its Brooks, Coronation, Fox Creek and Vulcan Zones.

FingerMotion (NASDAQ: FNGR) provided an update on its Alberta power and compute development program, where it is advancing ten 9.9-megawatt behind-the-meter generation and data hall sites across four campuses in Brooks, Coronation, Fox Creek and Vulcan. The sites represent 99 megawatts of gross generation capacity in development and approximately 72 megawatts of aggregate continuous critical IT capacity. FingerMotion is the sole shareholder of the dedicated Alberta project company for each site, with each project company holding title to the land, permits and site agreements. BlueFlare Group Holdings Inc. performs development, construction and site operations but holds no title to the project assets.

FingerMotion (NASDAQ: FNGR) reported improvements completed during the first 30 days under new management, including approximately $5.1 million in cash and cash equivalents, a nearly 30% reduction in monthly cash burn and termination of its at-the-market issuance sales agreement with R.F. Lafferty & Co. The improved cash position reflects recent financing activity, including a registered direct offering completed Aug. 31, along with tighter working-capital management. The company said it is continuing to pursue cost and process improvements while reallocating resources toward its North American enterprise compute strategy.

FingerMotion (NASDAQ: FNGR) entered into a binding memorandum of understanding to acquire land rights and permitting for a 9.9 megawatt behind-the-meter power generation and compute site in the County of Newell, Alberta, approximately 185 kilometers southeast of Calgary. The site represents the first acquisition in the company’s planned Brooks Campus Zone, where FingerMotion intends to assemble separately owned and permitted 9.9 MW sites as demand for powered land develops. Adjacent to an operating third-party natural gas facility, the site is designed to generate and consume power behind the meter without requiring a grid interconnection request, transmission service arrangement or position in an interconnection queue. FingerMotion is targeting a fully permitted site within 120 days of release to work and plans to advance energization only against contracted demand backed by a take-or-pay agreement and funded customer deposit.

FingerMotion (NASDAQ: FNGR) entered into a non-binding memorandum of understanding with Lyken AI Computing Inc., operating as Lyken.AI, and BlueFlare Energy Solutions Inc. to establish a preferred, non-exclusive framework for matching enterprise artificial intelligence (“AI”) and high-performance computing (“HPC”) demand with potential modular behind-the-meter (“BTM”) capacity evaluated or developed under FingerMotion’s existing BlueFlare alliance. Initially focused on Alberta, British Columbia and Saskatchewan, the framework contemplates FingerMotion as owner-operator and project sponsor, BlueFlare as the Western Canadian development partner and Lyken as the customer-facing demand and managed-services layer. The company said its BlueFlare relationship has progressed from a single-project discussion to a multi-site development program and it is in discussions with multiple natural gas suppliers and midstream counterparties regarding potential firm supply arrangements for planned BTM generation. No definitive gas supply agreement, capacity commitment, customer contract, project financing or expected revenue has been established, and projects will be evaluated individually subject to financing, site control, supply, customer commitments, regulatory approvals and other conditions.

Framework positions Lyken as the customer-facing demand and managed-services layer for potential future capacity developed under FingerMotion's BlueFlare alliance

August 31, 2026 - Investors searching for emerging-growth opportunities near the $0.50 level are watching a group of NASDAQ-listed companies with catalysts spanning AI data centers, high-performance computing, military drones, Edge AI, cybersecurity, battery materials and medical diagnostics . FingerMotion, Inc. (NASDAQ: FNGR), E-Power Inc. (NASDAQ: EPOW), Peraso Inc. (NASDAQ: PRSO), Cyabra, Inc. (NASDAQ: CYAB), Bluejay Diagnostics, Inc. (NASDAQ: BJDX) and Fangdd Network Group Ltd. (NASDAQ: DUO) each have developments that could keep them in focus among microcap and small-cap investors.