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$4.0 million in estimated net proceeds is what FingerMotion, Inc. (Nasdaq: FNGR) expects to clear from a registered direct offering it closed on August 31, 2026, per the 8-K filed with the SEC.
The structure pairs 3,958,055 shares of common stock at $0.24 per share with 12,708,611 pre-funded warrants at $0.2399 each.
Those 16,666,666 total securities generate gross proceeds that reconcile to roughly $4.0 million; after deducting estimated offering expenses, the company says net proceeds land at approximately $4.0 million.
Deal mechanics The warrant-to-share ratio runs more than three to one, a deliberate design.
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