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Nasdaq warns FingerMotion (NASDAQ: FNGR) on sub-$1 bid price and possible delisting

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FingerMotion, Inc. received a Nasdaq deficiency letter because its common stock closed below the $1.00 minimum bid price for 30 consecutive business days, putting its Nasdaq Capital Market listing at risk. The stock continues to trade under the symbol FNGR while the company works to regain compliance.

FingerMotion has until December 28, 2026, a 180‑day window, to lift its closing bid price to at least $1.00 per share for 10 consecutive business days. If it still meets other Nasdaq listing standards, it may receive a second 180‑day period and could use a reverse stock split to boost the share price. Failure to regain compliance could lead to delisting, though the company would have the right to appeal.

Positive

  • None.

Negative

  • Nasdaq minimum bid price deficiency formally identified after 30 consecutive business days below $1.00, creating a clear delisting risk if compliance is not regained within the allowed cure periods.

Insights

Nasdaq bid-price deficiency puts FingerMotion’s listing status at risk.

Nasdaq notified FingerMotion that its common stock failed the $1.00 minimum bid price for 30 consecutive business days, triggering a formal deficiency status. The shares remain on the Nasdaq Capital Market while the company is given time to cure the issue.

The company has an initial 180‑day period, until December 28, 2026, to restore compliance by achieving a closing bid of at least $1.00 for 10 consecutive business days. Nasdaq rules also allow a second 180‑day period if other quantitative listing standards are satisfied.

Potential actions include a reverse stock split, which must be completed no later than 10 business days before the current compliance date if used during this initial period. If the company does not regain compliance, Nasdaq may move toward delisting, after which FingerMotion could appeal to a hearings panel.

Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing Securities
The company received a delisting notice or transferred its listing to a different exchange.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Consecutive days below $1.00 30 business days Period triggering Nasdaq minimum bid price deficiency
Minimum bid price requirement $1.00 per share Nasdaq Listing Rule 5550(a)(2) threshold
Initial compliance period 180 calendar days Cure window ending December 28, 2026
Compliance deadline December 28, 2026 Date by which compliance must be regained
Required compliant trading period 10 consecutive business days Days FNGR must close at or above $1.00
Reverse split timing requirement 10 business days before deadline Latest date to complete reverse split in initial period
Minimum Bid Price Requirement financial
"the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”)"
A minimum bid price requirement is a rule that a stock must trade above a set price for a specified period to stay listed on an exchange. It matters to investors because falling below that threshold can trigger warnings or removal from the exchange, which can cut liquidity, reduce visibility, and often lead to sharper declines in share value—think of it like a venue’s minimum dress code that, if not met, can bar a performer from the stage.
Nasdaq Listing Rule 5550(a)(2) regulatory
"the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2)"
deficiency letter regulatory
"received a deficiency letter (the “Deficiency Letter”) from the Nasdaq Listing Qualifications Department"
Nasdaq Capital Market financial
"required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2)"
The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.
reverse stock split financial
"If the Company elects to implement a reverse stock split in order to regain compliance during the initial compliance period"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
market value of publicly held shares financial
"the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards"
The market value of publicly held shares is the total dollar worth of a company’s shares that are available to outside investors, calculated by multiplying the current market price by the number of shares held by the public (the “float”). It matters because it tells investors how much of the company is actually tradable and how the market is pricing that tradable portion—like a price tag on the items on a store shelf, it affects liquidity, volatility and how easy it is to buy or sell a meaningful stake.
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

June 30, 2026
Date of Report (Date of earliest event reported)

 

FINGERMOTION, INC.
(Exact name of registrant as specified in its charter)

 

Delaware 001-41187 46-4600326
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)

 

111 Somerset Road, Level 3
Singapore
 
238164
(Address of principal executive offices)   (Zip Code)

 

(347) 349-5339
Registrant’s telephone number, including area code

 

Not applicable.
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

[     ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[     ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[     ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[     ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol (s) Name of each exchange on which registered
Common Stock FNGR The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (Section 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (Section 240.12b-2 of this chapter).

 

Emerging growth company  ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ¨

__________

 
 

SECTION 3 – SECURITIES AND TRADING MARKETS

Item 3.01Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

On June 30, 2026, FingerMotion, Inc. (the “Company”) received a deficiency letter (the “Deficiency Letter”) from the Nasdaq Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, for the last thirty (30) consecutive business days, the closing bid price for the Company’s common stock has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”). The Deficiency Letter has no immediate effect on the listing of the Company’s common stock, and the Company’s common stock will continue to trade on The Nasdaq Capital Market under the symbol “FNGR” at this time.

In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been given one hundred and eighty (180) calendar days, or until December 28, 2026 (the “Compliance Date”), to regain compliance with the Minimum Bid Price Requirement. If at any time before the Compliance Date, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of ten (10) consecutive business days, unless the Staff exercises its discretion to extend this ten (10) day period as provided in Nasdaq Listing Rule 5810(c)(3)(H), the Staff will provide written confirmation that the Company has achieved compliance. If the Company elects to implement a reverse stock split in order to regain compliance during the initial compliance period, it must complete such reverse stock split no later than ten (10) business days prior to the Compliance Date.

If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company may be afforded a second one hundred and eighty (180) calendar day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, except for the minimum bid price requirement. In addition, the Company would be required to notify Nasdaq of its intent to cure the minimum bid price deficiency, which may include, if necessary, implementing a reverse stock split.

If the Company cannot regain compliance during such compliance period or any subsequently granted compliance period, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the “Panel”). However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by the Staff to the Panel, such appeal would be successful.

The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or will otherwise be in compliance with other Nasdaq Listing Rules.

SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01Financial Statements and Exhibits

(d) Exhibits

Exhibit

Description

104 Cover Page Interactive Data File (the cover page XBRL tags are embedded within the inline XBRL document)

 

 
 

 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

FINGERMOTION, INC.

 

DATE:  July 2, 2026 By: /s/ Martin J. Shen
Martin J. Shen
CEO and Director

   

 

 

FAQ

What Nasdaq issue did FingerMotion (FNGR) disclose in this 8-K?

FingerMotion disclosed that Nasdaq sent a deficiency letter because its common stock closed below the $1.00 minimum bid price for 30 consecutive business days, putting the company out of compliance with Nasdaq Listing Rule 5550(a)(2).

How long does FingerMotion (FNGR) have to fix the Nasdaq bid price deficiency?

FingerMotion has an initial 180-day period, until December 28, 2026, to regain compliance. It must achieve a closing bid price of at least $1.00 per share for 10 consecutive business days within this window.

What must happen for FingerMotion (FNGR) to regain Nasdaq minimum bid price compliance?

To regain compliance, FingerMotion’s common stock must close at or above $1.00 per share for at least 10 consecutive business days before the December 28, 2026 compliance deadline, subject to Nasdaq staff discretion on extending that 10-day period.

Can FingerMotion (FNGR) receive more time beyond December 28, 2026 to meet Nasdaq rules?

FingerMotion may be granted a second 180-day compliance period if it meets other Nasdaq Capital Market initial listing standards, including the market value of publicly held shares, and notifies Nasdaq of its plan to cure the bid price deficiency.

Is FingerMotion (FNGR) considering a reverse stock split to address the bid price issue?

The company stated it may consider available options, which can include a reverse stock split. If it uses a reverse split during the initial cure period, it must complete it at least 10 business days before the December 28, 2026 compliance date.

What happens if FingerMotion (FNGR) cannot regain Nasdaq compliance?

If FingerMotion does not regain compliance within the allowed periods, Nasdaq staff may notify the company that its securities are subject to delisting. FingerMotion could then appeal that determination to a Nasdaq Hearings Panel, though success is not assured.

Filing Exhibits & Attachments

3 documents