FingerMotion Agrees To Purchase 100% Of Issued And Outstanding Shares Of Newbit For $2.3M In Cash

FingerMotion, Inc. has entered into a definitive Share Purchase Agreement to acquire 100% of Newbit for $2.3 million in cash, on a cash-free, debt-free basis. The agreement, which follows a previously announced commitment, includes a deposit of $230,000 already paid and another $230,000 due upon execution. The remaining $1.84 million is to be paid at closing, which is targeted for on or before October 29, 2026. Newbit holds significant rights related to FingerMotion's Brooks Campus #1 site in Alberta.