FingerMotion Signs Definitive $2.3M Deal to Acquire Newbit, Securing 9.9 MW Alberta Power Site
FNGR sits 16% above its 52-week low of $0.131.
Summary
FingerMotion signed a definitive agreement to acquire Newbit Technology for US$2.3 million, securing the 9.9 MW Alberta power site central to its AI data center pivot. Closing is targeted by October 29, 2026, subject to gas supply and consent conditions.
Key Events · M&A and Partnerships · FNGR
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Definitive Agreement Signed
FingerMotion executed a Share Purchase Agreement dated September 23, 2026 to acquire 100% of Newbit Technology Inc. for US$2,300,000 in cash on a cash-free, debt-free basis.
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Secures 9.9 MW Alberta Site
Newbit holds the surface lease, development permits, pipeline and metering infrastructure, and AUC Rule 007 registration for the 9.9 MW behind-the-meter site in the County of Newell, Alberta (Brooks Campus #1).
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Payment Structure
US$230,000 deposit was previously paid; a further US$230,000 is due on execution; the remaining US$1,840,000 is payable at closing with no indemnity holdback or escrow.
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Closing Conditions and Timeline
Closing is targeted for the third business day after conditions are satisfied, with an outside date of October 29, 2026. Conditions include a new gas supply agreement with Pivotal Energy Partners and Eastern Irrigation District consent.
Analysis · FNGR · Technology
FingerMotion has converted its previously announced binding commitment into a definitive share purchase agreement to acquire Newbit Technology Inc. for US$2.3 million in cash. The deal secures the surface tenure, permits, pipeline infrastructure, and AUC registration for the 9.9 MW behind-the-meter site in Alberta — the first physical asset in the company's pivot to AI data centers. Closing is targeted by October 29, 2026, but remains subject to a new gas supply agreement with Pivotal Energy Partners and Eastern Irrigation District consent. For a company with a market cap near $10 million and a going-concern warning, committing $2.3 million in cash is a material capital allocation decision that signals management is betting the pivot on real infrastructure.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, FNGR was trading at $0.15 on NASDAQ in the Technology sector, with a market capitalization of approximately $10.5M. The 52-week trading range was $0.13 to $2.20. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.