FingerMotion signs agreement to acquire Telforge for up to 7.33 million shares

Reuters

Mar 18

FingerMotion signs agreement to acquire Telforge for up to 7.33 million shares

FingerMotion entered into a share exchange agreement to acquire Telforge, a Nevada-based voice and messaging telecom service provider. Under the terms, Telforge shareholders would receive up to 7.33 million FingerMotion shares, including 2.33 million shares issued at closing. An additional 5 million shares would be held in escrow and released based on revenue and secured contract value targets over two earnout periods. The earnout provides 2 million shares if the first period reaches at least USD 2.5 million and 3 million shares if the second period reaches at least USD 5 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FingerMotion Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202603180915NEWSFILECNPR____20260318_288958_1) on March 18, 2026, and is solely responsible for the information contained therein.

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Under the terms, Telforge shareholders would receive up to 7.33 million FingerMotion shares, including 2.33 million shares issued at closing. An additional 5 million shares would be held in escrow and released based on revenue and secured contract value targets over two earnout periods. The earnout provides 2 million shares if the first period reaches at least USD 2.5 million and 3 million shares if the second period reaches at least USD 5 million.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4132":"无线电信业务","FNGR":"FingerMotion, Inc."},"translate_title":"FingerMotion签署协议以最多733万股收购Telforge","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FNGR":0.9},"content_text":"FingerMotion signs agreement to acquire Telforge for up to 7.33 million shares\n    \n\n        FingerMotion entered into a share exchange agreement to acquire Telforge, a Nevada-based voice and messaging telecom service provider. 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