FingerMotion Inc (FNGR) has released an update to notify the public and investors about a regulation fd disclosure.
On January 24, 2024, the Company’s Board of Directors provisionally approved the issue of dividend warrants for purchasing common stock to its common stockholders. The specifics of the dividend warrants, including the record and payment dates, will be determined by a subsequent board resolution. The Company plans to register these dividend warrants and the associated common shares with the SEC and list them on the Nasdaq Capital Market, with the final declaration of the dividend contingent on SEC review and market conditions. The news release clarified that this is not an offer to sell securities and must comply with the U.S. Securities Act regulations.
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