FingerMotion (NASDAQ: FNGR), a mobile services, data and technology company, announced that it has entered into a non-binding term sheet with a voice and messaging telecom service provider regarding a potential acquisition. The term sheet outlines preliminary terms and allows the parties to proceed with mutual due diligence and negotiations toward a definitive agreement, though no binding agreement has been executed and there is no assurance that a transaction will be completed, as any potential acquisition remains subject to due diligence, customary conditions, board approval and execution of final transaction documents.
To view the full press release, visit https://ibn.fm/dyNHL
About FingerMotion, Inc.
FingerMotion is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market and eventually expand the model to other regional markets.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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