Alset AI Completes Sale of 9.9% Interest in Lyken AI Computing to FingerMotion
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) completed the previously announced sale of 99,000 Lyken AI Computing shares to FingerMotion (Nasdaq:FNGR), representing 9.9% of Lyken’s 1,000,000 common shares.
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Rhea-AI Summary
Alset AI Ventures (TSXV:GPUS, OTCQB:GPUSF) completed the previously announced sale of 99,000 Lyken AI Computing shares to FingerMotion (Nasdaq:FNGR), representing 9.9% of Lyken’s 1,000,000 common shares. As consideration, FingerMotion issued 1,674,480 FNGR shares, valued at US$500,000 based on the Nasdaq closing price, implying an approximate US$5 million equity value for Lyken at the transaction price.
According to Alset AI, it now retains a 90.1% controlling interest in Lyken. The FNGR shares are subject to a six‑month trading restriction. The transaction was structured as an Exempt Transaction under TSXV Policy 5.3, required no TSXV acceptance, and closed on an arm’s length basis with no finder’s fees.
Positive
- US$500,000 consideration in 1,674,480 FNGR shares for 9.9% of Lyken
- Implied Lyken equity valuation of approximately US$5 million from transaction price
- Alset retains a 90.1% controlling interest in Lyken after the sale
- No cash paid and no finder’s fees incurred in the transaction
- Transaction completed as an Exempt Transaction under TSXV Policy 5.3
Negative
- Received FNGR shares are restricted from trading for six months
- Alset obtains no immediate cash proceeds from the Lyken stake sale
News Explained
The completed transaction issued 1,674,480 FingerMotion shares for the Lyken interest; under the supplied definition, that increases the share count and reduces existing holders’ percentage ownership absent offsetting changes.
Details
News Market Reaction – FNGR
On Aug 17, the day this news came out, FNGR closed 0.62% below the previous close. Argus tracked a peak move of +16.3% during that session. Argus tracked a trough of -11.0% from its starting point during tracking. Our momentum scanner recorded 16 alerts for this stock that day. Relative volume reached 10.4x the daily average during tracking.
Data tracked by StockTitan Argus for the Aug 17 session.
Key Figures
- Share consideration
- US$500,000
- Transaction consideration paid in FNGR shares
- Implied Lyken equity value
- Approximately US$5M
- Based on transaction price
- Lyken shares sold
- 99,000 shares
- Interest sold to FingerMotion
- Ownership sold
- 9.9%
- Of Lyken’s 1,000,000 issued and outstanding shares
- FNGR shares issued
- 1,674,480 shares
- Issued to Alset as transaction consideration
- Cash consideration
- No cash
- No cash consideration was paid
- Retained ownership
- 90.1%
- Alset’s remaining controlling interest in Lyken
- Trading restriction
- Six months
- Restriction on trading the FNGR shares following closing
Previous AI Reports
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Agreement announced to sell a 9.9% Lyken interest for restricted FNGR shares
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Advanced discussions continued for a proposed Alberta AI compute facility
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Non-binding MOU expanded FingerMotion’s planned edge AI compute strategy
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Mostly non-binding MOU outlined Western Canada AI infrastructure development
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Company announced plans to enter modular edge AI inference computing
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
exempt transaction regulatory
arm's length financial
controlling interest financial
cloud compute technical
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US
VANCOUVER, BC / ACCESS Newswire / August 17, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTCQB:GPUSF)(FSE:1R61)(WKN:A40M0J) ("Alset AI", "Alset" or the "Company"), an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has completed the previously announced sale to FingerMotion, Inc. (Nasdaq:FNGR) ("FingerMotion") of 99,000 common shares of Lyken AI Computing Inc., operating as Lyken.AI ("Lyken"), representing
As consideration for the Transaction, FingerMotion issued to Alset 1,674,480 FingerMotion common shares (the "FingerMotion Shares"). The number of FingerMotion Shares was determined under the share purchase agreement dated August 12, 2026, using US
The Transaction qualifies as an Exempt Transaction for the Company under TSX Venture Exchange (the "TSXV") Policy 5.3 - Acquisitions and Dispositions of Non-Cash Assets. Accordingly, the TSXV acceptance was not required, and the Transaction has closed. The Transaction was arm's length, and no finder's fees were payable in connection with the Transaction.
"Closing this transaction provides Alset with a meaningful third-party valuation marker for Lyken and adds a strategically aligned, Nasdaq-listed shareholder," said Adam Ingrao, Chief Executive Officer of Alset AI. "Alset retains a
About Lyken.AI
Lyken.AI is Alset AI's cloud compute business, providing access to outsourced cloud compute server capacity and related technical coordination and support services. Lyken is developing an integrated offering spanning compute infrastructure, secure storage, private low-latency networking and enterprise deployment support. For more information, please visit www.lyken.ai.
About FingerMotion, Inc.
FingerMotion, Inc. (Nasdaq:FNGR) is a technology company serving a growing base of users across the mobile payment, recharge, and data-analytics markets in the People's Republic of China. The Company continues to develop new tools and services for those users, with the long-term objective of expanding that base organically into a large and highly engaged community - scale the Company believes will support relationships with larger, higher-value customers over time. The Company also evaluates emerging technologies for adjacent opportunities.
FingerMotion has extended that strategy into the enterprise AI and cloud compute market through its equity position in Lyken AI Computing Inc.
About Alset AI Ventures Inc.
Alset AI is an AI-focused venture investment platform dedicated to sourcing, funding, and developing companies across the artificial intelligence value chain. The Company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.
For further information about Alset AI Ventures Inc., please contact:
Investor Relations
Adam Ingrao
Chief Executive Officer
T: 236.312.6744
E: ir@alsetai.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note regarding Forward-Looking Statements
This press release may contain certain forward-looking statements and forward-looking information (collectively, "forward-looking statements") regarding the Company, including statements relating to the expected strategic relationship among Alset, Lyken and FingerMotion; potential collaboration and access to complementary vendors, customers, technology, data, networks and commercial opportunities; Lyken's pipeline, growth, customer relationships, vendor ecosystem, cloud compute capacity, integrated service offering and ability to execute and scale; the value and future disposition of the FingerMotion Shares; and the strategic direction and business plans of Alset, Lyken and FingerMotion.
Forward-looking statements normally contain words such as "will", "intend", "anticipate", "could", "should", "may", "might", "expect", "estimate", "plan", "potential", "believe", "target", "continue" and similar terms. Such statements are subject to risks and uncertainties, including fluctuations in FingerMotion's share price and foreign-exchange rates; restrictions on the transfer or resale of the FingerMotion Shares; the risk that the value of the FingerMotion Shares may be less than US
All forward-looking statements are expressly qualified by these cautionary statements and are made as of the date of this press release. Alset undertakes no obligation to update or revise them, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Risks and uncertainties concerning the Company's business are discussed under "Risks and Uncertainties" in its most recent Management's Discussion and Analysis and other disclosure documents available on SEDAR+ at www.sedarplus.ca.
SOURCE: Alset AI Ventures Inc.
View the original press release on ACCESS Newswire
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