Form 8-K - Current report
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UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
January 10, 2024
Date of Report (Date of earliest event reported)
FINGERMOTION, INC.
(Exact name of registrant as specified in its
charter)
| Delaware |
|
001-41187 |
|
46-4600326 |
| (State
or other jurisdiction of incorporation) |
|
(Commission
File Number) |
|
(IRS
Employer Identification No.) |
111 Somerset Road, Level 3
Singapore |
|
238164 |
| (Address
of principal executive offices) |
|
(Zip
Code) |
(347)
349-5339
Registrant’s telephone number, including area code
Not
applicable.
(Former name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
| Title
of each class |
Trading
Symbol (s) |
Name
of each exchange on which registered |
| Common
Stock |
FNGR |
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933
(Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
SECTION
7 – REGULATION FD
Item
7.01 Regulation FD Disclosure
On
January 10, 2024, FingerMotion, Inc. (the “Company” or “FingerMotion”) issued a news release to announce its
subsidiary, Shanghai JuiGe Information Technology Co., Ltd., has launched a new consumer application called “Da Ge” introducing
subscribers to services such as car washing, detailing and maintenance, linking automobile owners with full service independent service
stations. Da Ge has already onboarded 18,000 car care service stations and anticipates over 25,000 service stations by the end of 2024.
The
national rollout had generated a post-beta engagement of 200,000 active subscribers and anticipates 2,000,000 subscribers by the end
of 2024, targeting the first and second tier cities throughout China. The current services available to subscribers include car detailing
and maintenance, with future product offerings to possibly incorporate our current top up business, car accessories, and potentially
health and auto insurance. We anticipate the Da Ge business segment to rapidly run cash flow positive and to be reflected in the financials
of Q4 2024.
“Da
Ge” is a testament to FingerMotion’s entrepreneurial spirit that builds on our core competencies and our ability to adapt
to changing market conditions,” said Martin Shen, CEO of FingerMotion. “This application is highly scalable and is the first
step in leveraging our newly developed automotive relationships and giving them a product that facilitates rewards from the car dealerships.
We were able to leverage our technology and relationships to create a new market in automotive care that does not currently exist in
the Chinese market. This is a case study of what is possible by leveraging and monetizing client relationships.”
A
copy of the news release is attached as Exhibit 99.1 hereto.
SECTION
9 – FINANCIAL STATEMENTS AND EXHIBITS
| Item
9.01 | Financial
Statements and Exhibits |
(d) Exhibits
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
FINGERMOTION,
INC. |
| |
|
|
| DATE: January 10, 2024 |
By: |
/s/
Martin J. Shen |
| |
|
Martin
J. Shen |
| |
|
CEO |
FingerMotion
Launches New Lifestyle Consumer App
SINGAPORE
/ ACCESSWIRE / January 10, 2024 / FingerMotion, Inc. (NASDAQ:FNGR) (the “Company” or “FingerMotion”),
a mobile services and data company, today announces its subsidiary, Shanghai JuiGe Information Technology Co., Ltd., has launched a new
consumer application called “Da Ge” introducing subscribers to services such as car washing, detailing and maintenance, linking
automobile owners with full service independent service stations. Da Ge has already onboarded 18,000 car care service stations and anticipates
over 25,000 service stations by the end of 2024.
The
national rollout had generated a post-beta engagement of 200,000 active subscribers and anticipates 2,000,000 subscribers by the end
of 2024, targeting the first and second tier cities throughout China. The current services available to subscribers include car detailing
and maintenance, with future product offerings to possibly incorporate our current top up business, car accessories, and potentially
health and auto insurance. We anticipate the Da Ge business segment to rapidly run cash flow positive and to be reflected in the financials
of Q4 2024.
“Da
Ge” is a testament to FingerMotion’s entrepreneurial spirit that builds on our core competencies and our ability to adapt
to changing market conditions,” said Martin Shen, CEO of FingerMotion. “This application is highly scalable and is the first
step in leveraging our newly developed automotive relationships and giving them a product that facilitates rewards from the car dealerships.
We were able to leverage our technology and relationships to create a new market in automotive care that does not currently exist in
the Chinese market. This is a case study of what is possible by leveraging and monetizing client relationships.”
About
FingerMotion, Inc.
FingerMotion
is an evolving technology company with a core competency in mobile payment and recharge platform solutions in China. As the user base
of its primary business continues to grow, the Company is developing additional value-added technologies to market to its users. The
vision of the Company is to rapidly grow the user base through organic means and have this growth develop into an ecosystem of users
with high engagement rates utilizing its innovative applications. Developing a highly engaged ecosystem of users would strategically
position the Company to onboard larger customer bases. FingerMotion eventually hopes to serve over 1 billion users in the China market
and eventually expand the model to other regional markets.”
For
further information on FingerMotion, visit https://fingermotion.com/
Company
Contact:
FingerMotion,
Inc.
For
further information e-mail: info@fingermotion.com
Phone:
718-269-3366
Investor
Relations Contact:
Skyline
Corporate Communications Group, LLC
Scott
Powell, President
One
Rockefeller Plaza, 11th Floor
New
York, NY 10020
Office:
(646) 893-5835
Email: info@skylineccg.com
Safe
Harbor Statement
Except
for the statements of historical fact contained herein, the information presented in this news release constitutes “forward-looking
statements” as such term is used in applicable United States securities laws. These statements relate to analysis and other information
that are based on forecasts or future results, estimates of amounts not yet determinable and assumptions of management. Any other statements
that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or
future events or performance (often, but not always, using words or phrases such as “expects”, or “does not expect”,
“is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”,
or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will”
be taken, occur or be achieved) are not statements of historical fact and should be viewed as “forward-looking statements”.
We have based these forward-looking statements on our current expectations about future events or performance, including expected revenues.
While we believe these expectations are reasonable, such forward-looking statements are inherently subject to risks and uncertainties,
many of which are beyond our control. Our actual future results may differ materially from those discussed or implied in our forward-looking
statements for various reasons. Factors that could contribute to such differences include, but are not limited to: international, national
and local general economic and market conditions; demographic changes; the ability of the Company to sustain, manage or forecast its
growth; the ability of the Company to manage its VIE contracts; the ability of the Company to maintain its relationships and licenses
in China; adverse publicity; competition and changes in the Chinese telecommunications market; fluctuations and difficulty in forecasting
operating results; business disruptions, such as technological failures and/or cybersecurity breaches; and the other factors discussed
in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov).
There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially
from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained
in this news release and in any document referred to in this news release. The forward-looking statements included in this release are
made only as of the date hereof. For forward-looking statements in this news release, the Company claims the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation Report Act of 1995. The Company assumes no obligation to
update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. This news release
shall not constitute an offer to sell or the solicitation of any offer to our securities.
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