News Archives - Page 3 of 13

WednesdayJan 24, 2024 12:10 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Preliminary Approval of Dividend Warrant

FingerMotion (NASDAQ: FNGR), a mobile services and data company, announced that its board of directors has preliminarily approved a dividend in kind of warrants (each, a “dividend warrant”) to purchase shares of the company's common stock to holders of the company’s common stock. According to the announcement, the terms of the dividend warrants, as well as the record and payment dates for the dividend, will be fixed by further resolution of the board. The dividend warrants are anticipated to be created and allotted per a warrant agreement to be entered into between FingerMotion and a suitably qualified institutional warrant agent.…

MondayJan 22, 2024 12:28 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Supplemental Quarterly Guidance

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has released a supplemental corporate update that outlines revenue mix, recognition of revenue and the transition to increasing gross margins. The information was released in a shareholder letter from FingerMotion CEO Martin Shen. According to the letter, the majority of FingerMotion revenue is currently derived from its Telecommunication Products and Services division, which has consisted primarily of Top-Up and Recharge services but is evolving to include other endeavors. The letter discussed the following service offerings within this category: Top Up and Recharge, which includes Top Up and Recharge services offered to…

TuesdayJan 16, 2024 2:50 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Third-Quarter 2024 Financial Report

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting on its financial results for the third quarter of fiscal 2024, the period ended Nov. 30, 2023. Numbers to note from the report include quarterly revenue of $6.14 million, which includes the company’s SMS & MMS, Telecommunications Products & Services businesses as well as Big Data, totaled $5.26 million, or 46% decrease, compared to Q3 2023; a quarterly decrease in Telecommunications Products & Services business revenue of $4.22 million or 41% compared to Q3 2023; quarterly Big Data revenue of $.01 million compared to $.19 million in Q3 2023;…

WednesdayJan 10, 2024 1:33 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Unveils New App Connecting Car Owners with Car Services

FingerMotion (NASDAQ: FNGR), a mobile services and data company, and its subsidiary, Shanghai JuiGe Information Technology Co. Ltd., have launched a new app. Called Da Ge, the consumer application links car owners with an array of key services, including car washing, detailing and maintenance and linking users with full-service independent service stations. According to the announcement, an estimated 18,000 car-care service stations have already been onboarded on the app, and the company projects that more than 25,000 service stations will be signed up by the end of 2024. In addition, the company noted that the national rollout generated a post-beta…

FridayJan 05, 2024 12:59 pm

ChineseNewsBreaks – Linkage Global Inc. (NASDAQ: LGCB) Closes $6M IPO

Linkage Global (NASDAQ: LGCB), a cross-border e-commerce integrated service company headquartered in Japan, recently announced the closing of its initial public offering of 1,500,000 ordinary shares, each at a public offering price of $4.00, for total gross proceeds of $6,000,000. In addition, the company granted the underwriters an option, exercisable within 45 days from the closing date of the offering, to purchase up to an additional 225,000 ordinary shares at the public offering price, less underwriting discounts and commissions, to cover the over-allotment option, if any. The ordinary shares began trading on the Nasdaq Capital Market under the ticker symbol…

WednesdayDec 20, 2023 2:20 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) ‘Just Scratching the Surface of What Is Possible’ in Big Data

FingerMotion (NASDAQ: FNGR), a mobile services and data company, today provided an update on its big data subsidiary branded Sapientus. Among the highlights, the company reported on the positive positioning of big data models and Sapientus’ expectations to engage more partners for commercial applications and expanded use cases. With proprietary analytic models collaboratively tested and validated with empirical insurance data, the past year has been transformative to Sapientus. Studies have demonstrated a high degree of accuracy in their predictive value in tracking substandard cases, which is pivotal in the enhancement of the overall insurance underwriting experience. Extending beyond insurance, the…

FridayNov 17, 2023 1:13 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Releases Update on Federal Lawsuit Filed Against Research Firm

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is reporting an update on the federal lawsuit it filed against Capybara Research last month; the lawsuit alleges that Capybara maliciously published a defamatory article in a premediated attempt to move the public market for FingerMotion's stock lower to benefit from its previously announced short position. According to the update, the company and its litigation counsel, with cooperation from third parties, has spent weeks of work investigating the allegations. As a result, the person responsible for the malicious article has been identified, and the company is taking steps to add that…

FridayOct 20, 2023 12:45 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Filing of Federal Lawsuit Against Research Firm

FingerMotion (NASDAQ: FNGR), a mobile services and data company, has filed a federal lawsuit against Capybara Research; the lawsuit alleges that Capybara maliciously published a defamatory article in a premediated attempt to move the public market for FingerMotion's stock lower to benefit from its previously announced short position. FingerMotion filed the complaint in the United States District Court for the Southern District of New York. FingerMotion is working with Mark R. Basile, Esq, and his securities and RICO litigation firm, the Basile Law Firm P.C., to investigate recent activities surrounding the company's stock performance as well as to take necessary…

MondayOct 16, 2023 1:56 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Announces Q2 2024 Results

FingerMotion (NASDAQ: FNGR), a mobile services and data company, today released its financial results for the second quarter of fiscal 2024 for the period ended Aug. 31, 2023. Among the highlights, the company reported quarterly revenue of $9.28 million (includes SMS & MMS, telecommunications products and services businesses, and big data), reflecting an increase of $4.30 million or 86% compared to Q2 of fiscal 2023. “As our results show, the company is making excellent progress toward our goal of profitability,” said Martin Shen, CEO of FingerMotion. “It is easy to see our trajectory towards positive earnings results and how our…

WednesdayOct 04, 2023 2:28 pm

ChineseNewsBreaks – FingerMotion Inc. (NASDAQ: FNGR) Issues Response to Short Seller Report

FingerMotion (NASDAQ: FNGR), a mobile services and data company, is responding to the Oct. 3, 2023, short seller report issued by Capybara Research, a short-selling research firm. According to the statement, FingerMotion management reviewed the report and believe that the report contains errors, unsupported speculations and inaccurate interpretations of events; management and the company’s board of directors are planning further review and examination of allegations and misinformation contained in the report. The company “will take whatever necessary and appropriate actions may be required to protect the interest of its shareholders,” the announcement stated. “The company is already in the process…

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