STOCK TITAN

FingerMotion signs non-binding AI infra MOU

FingerMotion outlines a non-binding three-party AI infrastructure framework in Western Canada with no current capacity, revenue or fuel-supply commitments.

(Very High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

FingerMotion, Inc. (FNGR) reported that on September 3, 2026 it entered into a non-binding, non-exclusive memorandum of understanding with Lyken AI Computing Inc. and BlueFlare Energy Solutions Inc. to create a demand-to-capacity matching framework for AI and high-performance computing projects in Alberta, British Columbia, and Saskatchewan.

Lyken is expected to source and manage enterprise compute workloads, BlueFlare to develop and operate behind-the-meter energy and compute sites, and FingerMotion to act as contemplated owner-operator and project sponsor. The MOU includes no pricing, minimum capacity, revenue commitments, ownership percentages, development schedules, or financing obligations, and no firm natural gas supply or project-level agreements have been executed.

Positive

  • None.

Negative

  • None.

Filing Explained

FingerMotion completed a 9.9% Lyken stake, but project development still depends on site, supply, customer, financing, and regulatory milestones.

The company reports that FingerMotion completed its acquisition of a 9.9% interest in Lyken on 2026-08-17. This adds a completed ownership position to the otherwise non-binding framework, but does not complete any development project.

Alset AI retains a 90.1% controlling interest in Lyken; the filing does not state that FingerMotion controls Lyken.

Any project remains subject to site control, definitive fuel supply, binding customer offtake, financing, and regulatory approvals. The filing states that no definitive natural-gas supply agreement has been executed and that no party committed to provide or arrange financing under the MOU.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
MOU announcement date September 3, 2026 Date FingerMotion announced the non-binding MOU with Lyken.AI and BlueFlare
FingerMotion interest in Lyken 9.9% Equity interest in Lyken completed on August 17, 2026
Alset AI interest in Lyken 90.1% Controlling interest in Lyken retained by Alset AI
Corridor focus regions 3 provinces Initial focus on Alberta, British Columbia, and Saskatchewan in Canada
MOU scope No minimum capacity or revenue commitments The MOU omits pricing, minimum capacity, revenue commitments, and development schedules
non-binding memorandum of understanding regulatory
"announced that it has entered into a non-binding memorandum of understanding"
A non-binding memorandum of understanding is a written outline of the main terms and intentions between parties that signals they are negotiating a potential deal but does not create enforceable legal obligations. Think of it as a detailed handshake that helps investors read a company's likely direction and near-term plans, while reminding them the final agreement, price or timeline can still change.
behind-the-meter technical
"modular behind-the-meter capacity developed through FingerMotion’s BlueFlare partnership"
Equipment or systems located on a customer’s side of the electricity meter—such as rooftop solar panels, battery storage, electric vehicle chargers, or energy controls—that generate, store, or manage power for use on-site rather than being supplied through the utility’s grid. Investors care because behind-the-meter assets change how much power a customer buys, can create new revenue or savings streams, affect demand patterns, and shift regulatory or business models in the energy market, much like a homeowner installing their own water tank reduces municipal supply needs.
corridor approach technical
"The Company’s corridor approach positions compute capacity along existing natural gas"
wellhead pricing financial
"targets energy contracts at or near wellhead pricing rather than utility rates"
special-purpose vehicles financial
"Project-level financing may include ... equity, or special-purpose vehicles"
A special-purpose vehicle is a separate legal entity set up to hold specific assets or run a single project, kept legally and financially distinct from its parent company. It matters to investors because it isolates risk and liabilities—like putting a particular investment into a sealed box—so problems there may not directly affect the parent, but SPVs can also obscure exposure or create complex funding arrangements that influence transparency and valuation.
Platform-as-a-Service technical
"Lyken. develops an integrated Platform-as-a-Service spanning managed compute"
A platform-as-a-service is a cloud-based product that provides developers with ready-made tools, computing power and storage to build, run and manage software without owning the underlying hardware or plumbing. Think of it like renting a fully equipped kitchen to prepare meals instead of buying appliances and renovating a home. For investors, it matters because these platforms often generate steady, repeatable revenue, scale efficiently as users grow, and can create customer stickiness that supports long-term margins and valuation.

FAQ

What did FingerMotion (FNGR) announce regarding Lyken.AI and BlueFlare?

FingerMotion announced a non-binding memorandum of understanding with Lyken AI Computing Inc. and BlueFlare Energy Solutions Inc. to develop a demand-to-capacity matching framework for AI and high-performance computing projects supported by behind-the-meter energy infrastructure in parts of Western Canada.

Is the FingerMotion (FNGR), Lyken.AI, and BlueFlare MOU binding or exclusive?

The MOU is explicitly non-binding and non-exclusive. It states only the parties’ present intentions and does not include pricing, minimum capacity, revenue commitments, ownership percentages, development schedules, or obligations to provide or arrange project financing.

What equity interest does FingerMotion (FNGR) hold in Lyken.AI?

FingerMotion completed acquisition of a 9.9% interest in Lyken on August 17, 2026. Alset AI retains a 90.1% controlling interest in Lyken, so FingerMotion participates as a minority investor alongside its owner-operator strategy.

What roles are contemplated for each party in the FingerMotion (FNGR) AI infrastructure framework?

Under the framework, Lyken focuses on customer demand and managed services, BlueFlare on site origination, natural-gas solutions, design, construction, and operations, and FingerMotion as contemplated owner-operator and project sponsor, evaluating opportunities and commercial structuring without funding commitments.

Has FingerMotion (FNGR) secured firm natural gas supply for its Alberta corridor program?

No. FingerMotion is holding discussions with multiple suppliers and midstream partners about possible firm natural gas supply for corridor site generation, but the company states that no definitive supply agreement has been executed.

Are any specific AI or compute projects committed under the new FingerMotion (FNGR) MOU?

No specific projects are committed. The parties expect project-by-project evaluation subject to site control, fuel supply, customer diligence, binding offtake agreements, financing, and regulatory approvals, and the MOU does not guarantee capacity or grant rights of first refusal.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
false 0001602409 0001602409 2026-09-03 2026-09-03 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

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

 

Date of Report (Date of earliest event reported): September 3, 2026

 

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)

 

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

 

Not Applicable

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing 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 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§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. ☐

 

 

 

 

 

 

Item 8.01 Other Events.

 

On September 3, 2026, FingerMotion, Inc. (the “Company”) issued a press release announcing a non-binding memorandum of understanding with Lyken AI Computing Inc. and BlueFlare Energy Solutions Inc., and providing an update on natural gas supply discussions relating to the Company’s Alberta corridor development program.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No.   Description
99.1   Press Release of FingerMotion, Inc., dated September 3, 2026.
104   Cover Page Interactive Data File (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: September 10, 2026 By: /s/ Jolie Kahn
  Name: Jolie Kahn
  Title: Chief Executive Officer and Director

 

 

 

 

Exhibit 99.1

 

FingerMotion Announces Non-Binding Three-Party MOU with Lyken.AI and BlueFlare

and Provides Update on Alberta Corridor Gas-Supply Discussions

 

WEST PALM BEACH, FL, September 3, 2026 — FingerMotion, Inc. (Nasdaq: FNGR) today announced that it has entered into a non-binding memorandum of understanding with Lyken AI Computing Inc. (“Lyken.AI”) and BlueFlare Energy Solutions Inc. (“BlueFlare”).

 

The accord aims to establish a demand-to-capacity matching framework connecting Lyken’s enterprise AI and high-performance computing client requirements with modular behind-the-meter capacity developed through FingerMotion’s BlueFlare partnership. Initial focus covers Alberta, British Columbia, and Saskatchewan, Canada.

 

The framework supplements the existing FingerMotion-BlueFlare development strategy announced August 27, 2026. It does not amend or replace existing agreements or expand exclusivity provisions.

 

Contemplated Roles

 

Lyken serves as the customer-facing demand and managed-services layer, identifying prospective enterprise workloads and evaluating compute, power, cooling, and deployment requirements.

 

BlueFlare functions as the primary Western Canadian development partner for site origination, natural-gas solutions, design, construction, and operations.

 

FingerMotion acts as contemplated owner-operator and project sponsor, evaluating opportunities and commercial structuring without committing to funding or guarantees.

 

The preferred demand-to-capacity matching framework does not reserve, allocate, or guarantee capacity, nor does it grant exclusivity or rights of first refusal. FingerMotion completed acquisition of a 9.9% Lyken interest on August 17, 2026; Alset AI retains a 90.1% controlling interest.

 

BlueFlare Development Relationship

 

FingerMotion and BlueFlare have expanded from single-project discussions to a multi-site development program. BlueFlare serves as engineering, procurement, and construction partner and is expected to contribute compute demand to developed campuses.

 

Corridor Model

 

The Company’s corridor approach positions compute capacity along existing natural gas infrastructure with on-site electricity generation, reducing dependence on utility interconnection queues. This co-location strategy targets energy contracts at or near wellhead pricing rather than utility rates, potentially reducing time to energization and improving power-cost visibility.

 

Gas Supply Discussions

 

FingerMotion is discussing possible firm natural gas supply arrangements with multiple suppliers and midstream partners for corridor site generation. Topics include terms, volume, delivery points, and pricing for long-dated behind-the-meter generation. No definitive supply agreement has been executed.

 

 

 

 

Project Development

 

The parties expect project-by-project evaluation subject to site control, fuel supply, customer diligence, binding offtake agreements, financing, and regulatory approvals. Project-level financing may include customer prepayments, capacity deposits, equipment financing, debt, equity, or special-purpose vehicles. No party committed to providing or arranging financing under the MOU.

 

The MOU is non-binding and non-exclusive, establishing only present intentions without pricing, minimum capacity, revenue commitments, ownership percentages, or development schedules.

 

Management Commentary

 

Jolie Kahn, Chief Executive Officer: “Lyken and BlueFlare represent complementary parts of our AI infrastructure strategy. This operationalizes our August 27 plan: FingerMotion evaluates projects, BlueFlare partners on development, Lyken provides customer access.”

 

Chris Polimeni, Chief Financial Officer: “Securing firm gas supply converts corridor sites into contracted capacity. Matching Lyken demand underwrites capital rather than funding development corporately.”

 

About FingerMotion, Inc.

 

FingerMotion, Inc. (Nasdaq: FNGR) serves mobile payment, recharge, and data-analytics markets in the People’s Republic of China. The Company extends its strategy into enterprise AI and cloud compute through its Lyken equity position, owner-operator strategy, and BlueFlare development alliance.

 

About Lyken.AI

 

Lyken.AI develops an integrated Platform-as-a-Service spanning managed compute, server optimization, secure storage, private networking, and enterprise deployment support.

 

About BlueFlare Energy Solutions Inc.

 

BlueFlare Energy Solutions Inc. is an Alberta-incorporated developer and constructor of behind-the-meter energy and compute infrastructure in Western Canada, operating under its “From Wellhead to Workload” platform and proprietary BALA™ (BlueFlare Adaptive Load Architecture™) load-following technology.

 

Forward-Looking Statements

 

This release contains forward-looking statements regarding the MOU, contemplated relationships, demand-to-capacity matching, gas supply discussions, corridor model benefits, and site development. These statements rely on current expectations and face known and unknown risks, including that the MOU is non-binding and terminable, that discussions may not produce definitive agreements, that financing may be unavailable on acceptable terms, that construction delays may occur, that natural gas prices may fluctuate, and that customer opportunities may not become binding contracts. See the Company’s filings with the Securities and Exchange Commission for additional risks. Actual results may differ materially.

 

Investor Contact

 

FingerMotion, Inc.

Investor Relations

E: ir@fingermotion.com

W: www.fingermotion.com

 

 

 

Filing Exhibits & Attachments

4 documents

Keep reading