FingerMotion signs deal to buy Newbit Technology for US$2.3 million cash

Bitget2026/09/29 20:06

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FingerMotion agreed to buy Newbit Technology for US$ 2.3 million cash, securing a 9.9 MW behind-the-meter powered site in Alberta.
Structure covers 100% of shares on a cash-free, debt-free basis; price subject to customary leakage and debt adjustments.
US$ 230,000 deposit already in trust; another US$ 230,000 due on signing; about US$ 1.84 million payable at closing.
Closing targeted by Oct. 29, 2026; requires a new gas supply agreement with Pivotal Energy Partners plus key third-party consents.
Transaction includes site tenure, permits, pipeline and metering infrastructure; generating equipment excluded and to be removed before closing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FingerMotion Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609291605PRIMZONEFULLFEED9836209) on September 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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FingerMotion signs deal to buy Newbit Technology for US$2.3 million cash

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