FingerMotion Signs Term Sheet for Business Combination with BlueFlare Group Holdings to Form a North American Power-First Digital Infrastructure Company
Key Highlights
- ➤BlueFlare shareholders and affiliates expected to own approximately 80% of combined company
- ➤FingerMotion signs non-binding term sheet for potential BlueFlare business combination
- ➤Combined company will target behind-the-meter power and modular computing infrastructure
- ➤BlueFlare targets 500 MW of generation capacity in permitting across Alberta
- ➤FingerMotion plans Nasdaq ticker change from FNGR to BFLR after closing
Expert Statements
Jolie Kahn, Chief Executive Officer of FingerMotion
“Today FingerMotion becomes strategically changes direction, by choice and with conviction”
Jolie Kahn, Chief Executive Officer of FingerMotion
“We intend to build a clean, North American company in the one part of the computing economy where demand is clearly outrunning supply, which is power.”
Jolie Kahn, Chief Executive Officer of FingerMotion
“BlueFlare has a team that builds and a disciplined model.”
Jolie Kahn, Chief Executive Officer of FingerMotion
“Our stockholders deserve a company with a clear purpose, and BlueFlare Inc. will be that company.”
Landon Ruszkowski, President and Chief Executive Officer of BlueFlare
“Our clients don’t need another promise of capacity in 2030. They need firm power on a timeline they can plan a business around,”
Landon Ruszkowski, President and Chief Executive Officer of BlueFlare
“That is what BlueFlare delivers.”
Landon Ruszkowski, President and Chief Executive Officer of BlueFlare
“Joining with FingerMotion would give us access to U.S. capital markets to scale our program, while we keep building in Alberta, with Alberta energy and with respect for the communities that host us.”
Landon Ruszkowski, President and Chief Executive Officer of BlueFlare
“Our team and headquarters stay right here in Calgary.”
Combined company intended to focus on firm, behind-the-meter power and modular high-performance computing capacity initiatives commenced in June 2026
WEST PALM BEACH, Fla. and CALGARY, Alberta, Oct. 29, 2026 (GLOBE NEWSWIRE) -- FingerMotion, Inc. (Nasdaq: FNGR) (“FingerMotion” or the “Company”) today announced that it has entered into a non-binding term sheet with BlueFlare Group Holdings Inc. (“BlueFlare”), a Calgary-based developer of behind-the-meter power generation and modular high-performance computing infrastructure, regarding a potential business combination. The combined company will be a pure-play North American infrastructure business focused on delivering firm power, quickly, to enterprises that need high-performance computing capacity. Under the terms of the non-binding term sheet, BlueFlare shareholders and certain management and advisory parties are expected to hold approximately 80% of the combined company on a fully diluted basis. Jolie Kahn is expected to lead BlueFlare Inc. as Chief Executive Officer, President and Chair of the Board. Landon Ruszkowski is expected to continue as President and Chief Executive Officer of BlueFlare Canada Inc. Christopher V. Polimeni is expected to continue as Chief Financial Officer. Upon completion of the proposed business combination, FingerMotion will change its name to BlueFlare Inc. and trade on Nasdaq under the ticker symbol “BFLR”.
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