News & Events zu FingerMotion Inc (FNGR)FNGRFingerMotion Inc

FingerMotion Signs MOU with Lyken AI and BlueFlare

FingerMotion announced that it has entered into a non-binding memorandum of understanding with Lyken AI Computing and BlueFlare Energy Solutions. The company also provided an update on its working relationship with BlueFlare Group and its affiliates and on discussions concerning natural gas supply for planned behind-the-meter generation at certain Alberta development sites. The MOU is intended to establish a preferred, non-exclusive demand-to-capacity matching framework that connects Lyken's enterprise artificial intelligence and high-performance computing client pipeline and Platform-as-a-Service requirements with potential modular BTM capacity evaluated or developed under FingerMotion's existing BlueFlare alliance. The initial geographic focus is Alberta, British Columbia and Saskatchewan, Canada. The parties may consider other jurisdictions by written agreement. Further to the company's August 27 announcement of its owner-operator strategy, the MOU is intended solely to supplement and support the existing FingerMotion-BlueFlare development framework by adding a coordinated process for evaluating qualified Lyken demand. It does not amend, replace, supersede, expand or otherwise affect any existing agreement among any of the parties, including any rights, restrictions, approval requirements or exclusivity provisions. Those existing agreements continue to control their subject matter. Over the past several months, FingerMotion and BlueFlare have continued to coordinate on site development. BlueFlare serves as engineering, procurement and construction partner on the program and is expected to bring compute demand to campuses it develops. The BlueFlare relationship has progressed from a single-project discussion to a multi-site development program. The parties have not announced a new definitive commercial agreement in connection with this update. FingerMotion is in discussions with more than one natural gas supplier and midstream counterparty regarding possible firm supply arrangements to support generation at its corridor sites. Topics under discussion include terms, volume, delivery points, and pricing mechanics suitable for long-dated behind-the-meter generation. No definitive supply agreement has been executed.

Alset AI Ventures Signs Strategic MOU with BlueFlare

Alset AI Ventures announced that its 90.1%-owned cloud compute business, Lyken AI Computing entered into a non-binding strategic memorandum of understanding dated September 2, with BlueFlare Energy Solutions and FingerMotion. Further to FingerMotion's August 27, announcement of its strategic plan with BlueFlare, the MOU establishes an indicative implementation framework for the demand side of that plan. It is intended to connect Lyken's enterprise AI and high-performance computing client opportunity pipeline and Platform-as-a-Service requirements with potential modular behind-the-meter capacity evaluated or developed under FingerMotion's existing BlueFlare alliance, initially in Western Canada and in other jurisdictions the parties may agree upon. Subject to the existing FingerMotion-BlueFlare framework, other existing obligations, third-party rights, technical fit and project-specific definitive agreements, the parties intend to provide Lyken with early visibility into potential future BTM capacity being evaluated or developed through FingerMotion's BlueFlare alliance and a preferred opportunity to present and match qualified enterprise workloads to that capacity. Lyken would be able to present prospective client requirements - including jurisdiction, workload, power density, deployment timing, networking, storage, security and service-level needs - so that the parties can assess whether an opportunity within the existing development platform may provide an appropriate deployment path. The preferred framework relates to demand matching and project evaluation only. It does not reserve, allocate or guarantee capacity, grant Lyken exclusivity or create a right of first refusal, option or ownership interest in any site, power asset or project. Any priority, capacity allocation, commercial right or project commitment would arise only under a definitive agreement for the applicable site or customer opportunity.

Selling Stockholders Plan to Sell 25.52M Shares of Common Stock

This filing relates to the offer and sale from time to time by the selling stockholders of up to 25.52M shares of common stock. The company is not selling any shares under this prospectus and will not receive any of the proceeds from the sale of shares by the selling stockholders.