FingerMotion Confirms Nasdaq Listing for Common Stock

TL;DR

**FNGR's Nasdaq listing is confirmed, business as usual.**

AI Summary

FingerMotion, Inc. filed an 8-K on January 22, 2024, to disclose that its Common Stock is registered on The Nasdaq Stock Market LLC under the trading symbol FNGR. This filing is a routine update, primarily indicating the company's compliance with SEC regulations regarding its listed securities. For investors, this filing confirms the continued listing of FingerMotion's stock on a major exchange, which is important for liquidity and visibility.

Why It Matters

This filing confirms FingerMotion's continued listing on Nasdaq, which is crucial for maintaining investor confidence, liquidity, and access to capital markets.

Risk Assessment

Risk Level: low — This 8-K is a routine administrative filing and does not indicate any new financial or operational risks for the company.

Analyst Insight

This filing is administrative and does not provide new information that would warrant immediate action. Investors should continue to monitor for operational or financial updates.

Key Players & Entities

• FingerMotion, Inc. (company) — the registrant filing the 8-K
• The Nasdaq Stock Market LLC (company) — the exchange where FingerMotion's Common Stock is registered
• FNGR (other) — the trading symbol for FingerMotion's Common Stock
• January 22, 2024 (date) — date of the earliest event reported and filing date

FAQ

Key Financial Figures

• $8.1 — loud Services, which represented 88% or $8.1 of the $9.2 million for Q2 of fiscal 20
• $9.2 million — s, which represented 88% or $8.1 of the $9.2 million for Q2 of fiscal 2024, is recognized on
• $6.1 million — In Q3 of fiscal 2024, nearly all of the $6.1 million in revenue was from Top Up and Recharge
• $1.1 million — s actually quite strong considering the $1.1 million baseline in Q2 of fiscal 2024. Revenue
• $27.6 million — hs ended November 30, 2023, revenue was $27.6 million which was an increase of 30% over the $
• $21.2 million — n which was an increase of 30% over the $21.2 million in the nine months ended November 30, 2
• $3.1 million — nine months ended November 30, 2023 was $3.1 million versus $1.7 million in the nine months
• $1.7 million — vember 30, 2023 was $3.1 million versus $1.7 million in the nine months ended November 30, 2
• $1.5 million — growth. This represents an increase of $1.5 million or 90% due to our introduction of the n

Filing Documents

• fngr-20240122_8k.htm (8-K) — 36KB
• fngr-20240122_8kex99z1.htm (EX-99) — 20KB
• image_01.jpg (GRAPHIC) — 20KB
• 0001520138-24-000036.txt ( ) — 263KB
• fngr-20240122.xsd (EX-101.SCH) — 3KB
• fngr-20240122_lab.xml (EX-101.LAB) — 33KB
• fngr-20240122_pre.xml (EX-101.PRE) — 22KB
• fngr-20240122_8k_htm.xml (XML) — 3KB

01

Item 7.01 Regulation FD Disclosure On January 22, 2024, the Company issued a news release to provide a supplemental corporate update in a letter from our CEO, Martin Shen, to our shareholders. To Our Shareholders, Overview In our continuing efforts to provide transparency regarding our financial status, I am providing more clarity as to the results of our most recent quarterly results. As most of you know, the majority of our revenue is currently derived from our Telecommunication Products and Services division. This consists primarily of our Top-Up and Recharge services, however, over the past year we have evolved this category to include more profitable endeavors. Thus, we want to outline the three other service offerings within this category besides Top Up as we seek to increase this division's gross margins: Top Up and Recharge - Top Up and Recharge services offered to consumers nationwide; Subscription Plans - New customer acquisition by offering packaged telecommunication subscription plans; Mobile Phone - Portal sales of mobile phones to online consumers. This business can be sporadic, as sales are driven by market demand, new model releases, and promotional activities; and Cloud Services – This is a new endeavour for us, providing data storage, processing servers and databases over the internet ("the cloud") to offer more efficient access and greater flexibility to our corporate customers while also offering economies of scale. Essentially, companies pay only for the cloud services they use, helping lower operating costs, run infrastructure more efficiently, and scale as business needs change. Similar to Mobile Phone sales, this service is also sporadic and largely dependent on market opportunities and client requirements, which can vary greatly from month to month. Each segment plays a crucial role in our diverse portfolio, addressing varied telecommunications needs. Effect of Revenue Recognition Given its sporadic nature, quarterly reve

Financial Statements and Exhibits

Financial Statements and Exhibits (d) Exhibits Exhibit Description 99.1 News Release dated January 22, 2024 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document) - 4 -

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FINGERMOTION, INC. DATE: January 22, 2024 By: /s/ Martin J. Shen Martin J. Shen CEO - 5 -

View Full Filing

View this 8-K filing on SEC EDGAR