FingerMotion Acquires Newbit Technology for $2.3 Million to Expand Infrastructure

Key Facts

1FingerMotion signed a definitive agreement to acquire 100% of Newbit Technology Inc.

2The cash consideration for the deal is US$2.3 million on a cash-free, debt-free basis.

3The closing of the acquisition is targeted on or before October 29, 2026.

FingerMotion signed a definitive agreement to acquire 100% of Newbit Technology Inc. for a cash consideration of $2.3 million. GlobeNewswire reported that the deal is on a cash-free, debt-free basis, with the closing targeted on or before October 29, 2026.

The acquisition implements a previously announced binding commitment for the Brooks Campus #1 site to expand the company's infrastructure capabilities. Shares of FNGR closed at $0.1415 on September 28, 2026, after reaching a day high of $0.1459 and a low of $0.14 during that session.