FingerMotion Sets October 6 Vote on Toxic Note Conversion and 500M Share Authorization
FNGR sits 42% above its 52-week low of $0.15 on elevated volume (2.7× avg).
Summary
FingerMotion's definitive proxy sets an October 6 special meeting to approve converting two toxic convertible notes into over 19.99% of shares outstanding and to increase authorized shares from 200M to 500M.
Key Events · Corporate Governance and Compliance · FNGR
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Special Meeting Set for October 6
Stockholders of record as of August 21, 2026 will vote on the share issuance proposal and authorized share increase at 8:00 a.m. ET in West Palm Beach, FL.
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Toxic Note Conversion Approval Sought
Approval would allow conversion of two $5.0M senior secured convertible notes (May and August 2026) into shares exceeding the 12,256,260 exchange cap, at 90% of lowest VWAP with a floor price of 20% of Nasdaq minimum price.
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Authorized Shares to Triple
Proposal increases authorized common stock from 200M to 500M shares. Currently 66.5M outstanding, 18.4M reserved, leaving 115.1M available for future issuance.
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Cash Redemption Risk if Rejected
If stockholders reject the proposal, the investor can require cash redemption of monthly conversion amounts at a 7.5% premium — a burden the company likely cannot bear given its going concern status.
Analysis · FNGR · Technology
FingerMotion's definitive proxy sets an October 6, 2026 special meeting for stockholders to approve converting two $5.0 million senior secured convertible notes into shares exceeding 19.99% of outstanding common stock, and to increase authorized shares from 200 million to 500 million. The company has 66.5 million shares outstanding and only 115.1 million authorized shares remaining after reserving 18.4 million for existing obligations. Approval would unlock the exchange cap on the toxic notes, allowing the investor to convert at 90% of the lowest VWAP with a floor price of 20% of Nasdaq minimum price — terms that could massively dilute existing holders given the stock trades at $0.213. If stockholders reject the proposal, the company faces cash redemption obligations at a 7.5% premium, which it likely cannot afford given its going concern status and 92% revenue collapse.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.5% of the 1996 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.21%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FNGR was trading at $0.21 on NASDAQ in the Technology sector, with a market capitalization of approximately $13.7M. The 52-week trading range was $0.15 to $2.20. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.