FingerMotion Enters Definitive Agreement to Acquire 100% of Newbit Technology Inc., Securing the 9.9 MW County of Newell Powered Site
Globe Newswire•29/09/2026•16:05 ET
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Key Highlights
- ➤FingerMotion (FNGR) agrees to acquire 100% of Newbit for US$2.3 million cash
- ➤Newbit holds permits and infrastructure for a 9.9 MW Alberta powered site
- ➤Closing targeted by October 29, 2026, subject to conditions and consents
- ➤New gas supply agreement and change-of-control consent required before closing
- ➤Generating equipment excluded; fixed improvements acquired as-is, where-is
Definitive share purchase agreement implements the previously announced binding commitment for Brooks Campus #1; cash consideration of US$2.3 million on a cash-free, debt-free basis; closing targeted on or before October 29, 2026
WEST PALM BEACH, Fla., Sept. 29, 2026 (GLOBE NEWSWIRE) -- FingerMotion, Inc. (Nasdaq: FNGR) (“FingerMotion” or the “Company”) today announced that it has entered into a definitive Share Purchase Agreement dated as of September 23, 2026 (the “Agreement”) with individual shareholders of Newbit (the “Vendors”) and Newbit Technology Inc. (“Newbit” or the “Target”), a British Columbia corporation extra-provincially registered in Alberta.
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