FingerMotion, Inc. to acquire Newbit Technology Inc.

FingerMotion, Inc. has agreed to acquire Newbit Technology Inc. in a strategic acquisition announced on 29 September 2026. The US-based buyer will pay a headline offer of 2.3 million USD in cash for the Canadian target. This transaction involves the purchase of a company operating within the energy sector. The deal structure is defined by a straightforward cash consideration, with no equity components reported. Both parties have confirmed their firm intention to proceed with the transaction. The acquisition is expected to consolidate FingerMotion’s position in the energy market, although specific strategic details remain undisclosed. The target company, Newbit Technology Inc., is based in Canada, while the acquirer is headquartered in the United States. No completion date has been provided, and the deal remains in the firm intention stage. Regulatory approvals and other standard closing conditions are anticipated to be required before the transaction can be finalized. The parties have not disclosed any additional terms or contingencies beyond the initial cash offer. This summary reflects the current status of the deal as reported, with no further updates available at this time.