FNGR - FingerMotion retires convertible debt totaling over $5M

2023-04-12 12:24:48 ET

• FingerMotion ( NASDAQ: FNGR ) has recently eliminated its remaining convertible debt with the Co.'s primary lender, Lind Global Fund II, as a result of conversions by Lind Global and payments by the Co., which in the aggregate totaled over $5M .
• Eliminating the remaining convertible debt and related obligations to issue any additional common stock to the primary lender eradicates any further dilutive impact of this convertible debt on the stockholders.
• "We are well poised for future growth, and eliminating such convertible debt only reinforces our commitment towards building shareholder value." said Martin Shen, CEO.

For further details see: