Alset AI Completes Sale of 9.9% Interest in Lyken AI Computing to FingerMotion

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.

Market reaction after Lyken stake sale: FNGR +7.57%

+7.57% $0.33 8.9x vol

15m delay

+7.57% Vs previous close

+9.3% Peak in 4 min

$0.33 Last Price

$0.30 $0.38 Day Range

$20.12M Market Cap

8.9x Rel. Volume

Following this news, FNGR has gained 7.57%, reflecting a notable positive market reaction. Argus tracked a peak move of +9.3% during the session. Our momentum scanner has triggered 15 alerts so far, indicating notable trading interest and price volatility. The stock is currently trading at $0.33. Trading volume is exceptionally heavy at 8.9x the average, suggesting very strong buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

AI-tagged events carried an average move of 3.15% in the platform record. That history frames this c...

Analysis

AI-tagged events carried an average move of 3.15% in the platform record. That history frames this completed Lyken transaction against prior AI initiatives, while the active S-3 resale registration remains a risk factor.

Key Figures

Share consideration: US$500,000 Implied Lyken equity value: Approximately US$5M Lyken shares sold: 99,000 shares +5 more

8 metrics

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

5 past events · Latest: Aug 13 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 13	AI stake sale	Positive	-4.3%	Agreement announced to sell a 9.9% Lyken interest for restricted FNGR shares
Jun 18	AI compute discussions	Positive	+0.9%	Advanced discussions continued for a proposed Alberta AI compute facility
Jun 09	AI compute MOU	Positive	-0.8%	Non-binding MOU expanded FingerMotion’s planned edge AI compute strategy
Jun 04	AI infrastructure MOU	Positive	-9.6%	Mostly non-binding MOU outlined Western Canada AI infrastructure development
Jun 03	Edge AI entry	Positive	+29.5%	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.

Pattern Detected

AI-tagged news produced mixed outcomes, with two aligned positive reactions and three divergences, including a -4.3% reaction to the prior Lyken transaction announcement.

Key Terms

exempt transaction, arm's length, controlling interest, cloud compute

4 terms

exempt transaction regulatory

"The Transaction qualifies as an Exempt Transaction for the Company"

A transaction in which securities are sold without the issuer having to register them with the securities regulator because the sale meets legal exemptions (for example private placements, certain small offerings, or sales to accredited investors). It matters to investors because exempt transactions often involve less public disclosure and more limits on resale, like buying something from a private marketplace rather than a public store—so information access and liquidity can differ from registered offerings.

arm's length financial

"The Transaction was arm's length, and no finder's fees were payable"

A transaction done at arm's length is one where the buyer and seller act independently and each looks out for their own best interest, so the price and terms reflect what the open market would demand. Investors care because such deals are less likely to be influenced by hidden favors or related-party conflicts, making valuations and financial statements more reliable—think buying from a stranger rather than negotiating with a close friend.

controlling interest financial

"Following closing, Alset retains a 90.1% controlling interest in Lyken"

A controlling interest is when a person or group owns enough shares of a company to influence or make decisions about how it is run. It’s similar to having a majority of votes in a group project, giving you the power to guide decisions. For investors, holding a controlling interest means they can significantly affect the company’s direction and policies.

cloud compute technical

"Lyken is Alset AI's cloud compute business"

Cloud compute means using remote computers and storage hosted by a service provider over the internet instead of running them on a company’s own machines. For investors it matters because it lets businesses scale up or down like renting office space rather than buying a building, which can lower upfront costs, speed product delivery, and create predictable recurring revenue or cost structures that affect growth, margins, and cash flow.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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US$500,000 FNGR Share Consideration Implies Approximately US$5M Lyken Equity Value Based on Transaction Price

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 9.9% of Lyken's 1,000,000 issued and outstanding common shares (the "Transaction").

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$500,000 and the applicable Nasdaq closing price. No cash consideration was paid. Following closing, Alset retains a 90.1% controlling interest in Lyken. The FingerMotion Shares are restricted from trading for a period of six months following closing in accordance with the terms of the Agreement.

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 90.1% controlling interest in Lyken while also gaining exposure to FingerMotion through the shares received. We look forward to building on Lyken's vendor ecosystem, enterprise traction and cloud compute opportunity pipeline."

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$500,000 when the trading restriction lapses or upon disposition; the risk that the transaction-implied equity value of Lyken may not reflect the actual fair market value of Lyken; the parties' ability to identify and implement commercially viable collaboration opportunities; customer non-renewal or delayed purchasing decisions; vendor or data-centre capacity constraints; competition, pricing pressure, technological change and changes in applicable laws. Actual results may differ materially.

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

FAQ

What did Alset AI Ventures (GPUSF) announce on August 17, 2026 regarding Lyken AI and FingerMotion (FNGR)?

Alset AI announced it closed the sale of 99,000 Lyken AI shares, or 9.9% of Lyken, to FingerMotion. According to Alset AI, FingerMotion paid US$500,000 in FNGR shares, and Alset retains a 90.1% controlling interest in Lyken after the transaction.

How many FingerMotion (FNGR) shares did Alset AI receive for its 9.9% Lyken AI stake and what valuation does this imply?

Alset AI received 1,674,480 FingerMotion common shares, valued at US$500,000 using the applicable Nasdaq closing price. According to Alset AI, this consideration implies an approximate US$5 million equity value for Lyken AI Computing based on the transaction price.

Does Alset AI (TSXV:GPUS) still control Lyken AI Computing after selling 9.9% to FingerMotion (FNGR)?

Yes, Alset AI states it retains a 90.1% controlling interest in Lyken AI Computing following the transaction. According to Alset AI, only 99,000 of Lyken’s 1,000,000 issued and outstanding common shares were sold, leaving Alset with the remaining majority stake.

Did Alset AI receive cash for the Lyken AI share sale to FingerMotion (FNGR) or was it all in stock?

The consideration was entirely in FingerMotion common shares, with no cash component. According to Alset AI, FingerMotion issued 1,674,480 FNGR shares valued at US$500,000, and the number of shares was determined using the applicable Nasdaq closing price.

Are the FingerMotion (FNGR) shares that Alset AI received for Lyken AI immediately tradable?

No, the FingerMotion shares Alset received are subject to a six-month trading restriction. According to Alset AI, this lock-up period is in accordance with the terms of the share purchase agreement associated with the Lyken AI Computing transaction.

What regulatory treatment did the Lyken AI transaction receive under TSX Venture Exchange rules for Alset AI (GPUSF)?

The transaction qualifies as an Exempt Transaction under TSX Venture Exchange Policy 5.3 on acquisitions and dispositions of non-cash assets. According to Alset AI, TSXV acceptance was not required, and the deal closed without finder’s fees or related-party complications disclosed.

How does the Lyken AI stake purchase fit into FingerMotion’s (FNGR) AI and cloud compute strategy?

FingerMotion is extending its strategy into enterprise AI and cloud compute through its equity position in Lyken AI. According to FingerMotion’s described approach, this complements its mobile payment, recharge and data-analytics services in China with exposure to emerging cloud compute and AI opportunities.