FingerMotion Signs Non-Binding Memorandum of Understanding to Explore North American Minimal Viable Product and Marketplace Initiative

Rhea-AI Summary

FingerMotion (NASDAQ: FNGR) announced a non-binding Memorandum of Understanding dated February 17, 2026, with Digital Landia to explore a North American minimum viable product and B2C marketplace initiative.

The MOU outlines evaluating integration of DL's AI and blockchain protocol with FingerMotion's mobility data, due diligence, and a possible definitive agreement within approximately 60 days, but is non-binding and may not result in a transaction.

News Market Reaction

-5.31%

1 alert

-5.31% News Effect

-$4M Valuation Impact

$69M Market Cap

0.0x Rel. Volume

On the day this news was published, FNGR declined 5.31%, reflecting a notable negative market reaction. This price movement removed approximately $4M from the company's valuation, bringing the market cap to $69M at that time.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

MOU decision window: 60 days

1 metrics

MOU decision window 60 days Target timeframe to negotiate definitive cooperation agreement from MOU date

Market Reality Check

Price: $1.07 Vol: Volume 69,547 is well bel...

low vol

$1.07 Last Close

Volume Volume 69,547 is well below the 20-day average of 218,311 (rel. volume 0.32). low

Technical Trading below the 200-day MA of $1.80, with price at $1.13 and about 78.27% under the 52-week high.

Peers on Argus

Peers show mixed moves, with names like KVHI up 7.02% and SURG down 0.22%, while...

Peers show mixed moves, with names like KVHI up 7.02% and SURG down 0.22%, while FNGR traded near its 52-week low with a -0.88% 24h change, indicating stock-specific dynamics rather than a broad sector move.

Historical Context

5 past events · Latest: Jan 15 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Jan 15	Q3 2026 earnings	Negative	+5.2%	Revenue and gross profit declines with continued net loss reported.
Dec 15	Acquisition term sheet	Neutral	-5.1%	Non-binding term sheet for potential telecom acquisition announced.
Dec 01	New platform launch	Positive	-1.5%	Launch of JiuGe enterprise procurement platform with major pilot customers.
Nov 18	Strategic roadmap	Positive	+18.9%	Roadmap for regional expansion and productizing China-developed platforms.
Nov 17	Dividend warrant plan	Neutral	-2.3%	Preliminary approval of dividend warrants subject to further board action.

Pattern Detected

News reactions have often diverged from headline tone, with positive operational updates sometimes followed by negative price moves and weak earnings once met by a positive reaction.

Recent Company History

Over the last few months, FingerMotion reported weaker Q3 fiscal 2026 results with revenue down 32% and a $1.67M net loss, yet shares rose 5.17%. Strategic and product updates, including a new enterprise procurement platform and a regional expansion roadmap, showed the company pivoting toward productized IP, data analytics, and acquisitions, but price reactions were mixed. This MOU for an AI and blockchain-based North American MVP aligns with earlier expansion and collaboration themes while the company operates from a constrained financial base.

Regulatory & Risk Context

Active S-3 Shelf · $7,595,000

Shelf Active

Active S-3 Shelf Registration 2025-11-13

$7,595,000 registered capacity

An effective S-3 from 2025-11-13 registers up to 4,360,000 shares for resale by selling securityholders. The company itself is not selling shares and would only receive up to $7,595,000 in cash if the registered warrants are fully exercised, earmarked for general corporate and working capital purposes.

Market Pulse Summary

The stock moved -5.3% in the session following this news. A negative reaction despite the explorator...

Analysis

The stock moved -5.3% in the session following this news. A negative reaction despite the exploratory nature of this MOU would fit a pattern where upbeat strategic updates sometimes met selling pressure. The agreement is non-binding, carries explicit caveats about due diligence, and may or may not lead to a definitive deal within roughly 60 days. Recent filings also emphasized constrained liquidity and an effective resale shelf, which can heighten sensitivity to perceived execution or financing risk.

Key Terms

memorandum of understanding, minimum viable product, b2b, b2c, +3 more

7 terms

memorandum of understanding regulatory

"announces that it has entered into a non-binding Memorandum of Understanding ("MOU")"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

minimum viable product technical

"to explore the development of a minimum viable product ("MVP") and marketplace"

A minimum viable product (MVP) is the simplest version of a product that includes just enough features to be usable by early customers and to test whether the core idea works. For investors, an MVP shows how quickly a company can learn from real user feedback, reduce development risk and validate market demand — like a taste-sized sample that reveals whether people will come back for the full meal.

b2b technical

"designed to extend B2B platforms into B2C marketplaces"

Business-to-business (B2B) describes companies that sell products or services to other businesses rather than to individual consumers. For investors, B2B models often mean larger, repeatable contracts and revenue tied to corporate budgets, which can produce steadier, more predictable cash flow; think of a parts supplier selling regular batches to a factory rather than a shop selling single items to walk-in customers, so customer concentration and contract length matter.

b2c technical

"designed to extend B2B platforms into B2C marketplaces"

Business-to-consumer (B2C) describes companies that sell products or services directly to individual customers rather than to other businesses. Investors care because B2C firms’ revenues, growth and risks are driven by consumer demand, brand strength and marketing — like a shop whose success depends on foot traffic and repeat shoppers — so shifts in consumer tastes, pricing power or distribution can quickly affect sales and profitability.

artificial intelligence technical

"building proprietary artificial intelligence technology and blockchain-based protocols"

Artificial intelligence is the ability of computers and machines to perform tasks that typically require human thinking, such as understanding language, recognizing patterns, or making decisions. For investors, it matters because AI can enhance efficiency, uncover new insights, and enable smarter strategies, potentially impacting the value and performance of companies that develop or utilize this technology.

blockchain-based protocols technical

"artificial intelligence technology and blockchain-based protocols and frameworks"

A blockchain-based protocol is a set of rules and software that runs on a shared, tamper-resistant digital record — like a spreadsheet that many parties can read and verify but cannot easily change. For investors, these protocols matter because they enable new ways to move value, record ownership, and automate transactions, potentially reducing middlemen and costs while introducing technology, adoption and regulatory risks that can affect growth and valuation.

due diligence financial

"The parties intend to conduct due diligence and assess the technical, regulatory"

Due diligence is the careful investigation and analysis someone conducts before making a decision, such as investing money or entering into an agreement. It’s like researching thoroughly before buying a used car to ensure it’s in good condition; this helps prevent surprises and makes informed choices. For investors, due diligence reduces risk by verifying details and understanding what they’re getting into.

AI-generated analysis. Not financial advice.

Singapore, Singapore--(Newsfile Corp. - February 17, 2026) - FingerMotion Inc. (NASDAQ: FNGR) ("FingerMotion" or the "Company"), a mobile services, data and technology company, announces that it has entered into a non-binding Memorandum of Understanding ("MOU") with Digital Landia Ltd. ("DL") to explore the development of a minimum viable product ("MVP") and marketplace initiative for North America.

DL specializes in building proprietary artificial intelligence technology and blockchain-based protocols and frameworks designed to extend B2B platforms into B2C marketplaces. Under the terms of the MOU, the parties intend to evaluate the feasibility of integrating DL's proposed protocol framework with FingerMotion's existing mobility data infrastructure to support a potential North American market entry.

The proposed MVP initiative would include:

• Development of a North American B2C marketplace utilizing AI and blockchain-based architecture;
• Design of a compliant monetization strategy and customer acquisition cost framework; and
• Demonstration of MVP functionality, including performance monitoring and data collection to evaluate monetization potential.

The parties intend to conduct due diligence and assess the technical, regulatory, and commercial feasibility of the proposed integration. Subject to satisfactory completion of due diligence and mutual agreement on terms, the parties may negotiate and enter into a definitive cooperation agreement within approximately sixty (60) days from the date of the MOU.

The MOU is non-binding and does not obligate either party to enter into a definitive agreement. There can be no assurance that a definitive cooperation agreement will be executed or that any transaction or collaboration will be completed. Any future arrangement would be subject to further due diligence, negotiation of final documentation, and applicable approvals.

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 more information on FingerMotion, visit: https://fingermotion.com/

Company Contact:
FingerMotion, Inc.
For further information, e-mail: info@fingermotion.com
Phone: 718-269-3366

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. 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 Reform 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 buy our securities.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284084

FAQ

What did FingerMotion (FNGR) and Digital Landia agree to in the February 17, 2026 MOU?

They agreed to explore a North American MVP and marketplace integration over due diligence and feasibility work. According to the company, the MOU contemplates evaluating DL's AI and blockchain protocol integration with FingerMotion's mobility data infrastructure and potential commercial terms.

What is the proposed timeline for a definitive agreement between FingerMotion (FNGR) and Digital Landia?

The parties indicated they may seek a definitive cooperation agreement within approximately 60 days. According to the company, that timeline is conditional on satisfactory due diligence and mutual agreement on commercial, technical, and regulatory terms.

What will the FingerMotion (FNGR) and Digital Landia MVP include for North America?

The proposed MVP would include an AI- and blockchain-based B2C marketplace, monetization design, and performance monitoring. According to the company, the initiative targets customer acquisition cost frameworks and data collection to assess monetization potential.

Does the February 17, 2026 MOU oblige FingerMotion (FNGR) to complete a transaction?

No, the MOU is expressly non-binding and does not obligate either party to complete any transaction. The company cautioned that execution of a definitive agreement depends on further due diligence, negotiation, and required approvals.

What types of feasibility will FingerMotion (FNGR) and Digital Landia assess under the MOU?

They will assess technical, regulatory, and commercial feasibility, including protocol integration and compliance. According to the company, assessments will inform whether to proceed to a definitive cooperation agreement and potential MVP demonstration.

How will the FingerMotion (FNGR) and Digital Landia MOU evaluate monetization potential?

The MOU plans for demonstration, performance monitoring, and data collection to evaluate monetization potential. According to the company, the scope includes designing a compliant monetization strategy and a customer acquisition cost framework as part of the MVP.