The deal is a land/infrastructure acquisition without generating equipment or revenue — the stock will move on execution of the gas supply agreement and regulatory consents, not the SPA itself. Monitor for the new gas supply agreement with Pivotal Energy Partners and consents from the Eastern Irrigation District and AUC.
Price Chart
Executive Summary
FingerMotion entered a definitive Share Purchase Agreement to acquire 100% of Newbit Technology Inc. for US$2.3 million in cash, securing the 9.9 MW Brooks Campus #1 site in Alberta. The deal is a land/permit/infrastructure acquisition without generating equipment or contracted revenue, and closing is targeted by October 29, 2026, subject to multiple conditions including a new gas supply agreement.
Key Financial Metrics
Key Facts
- FingerMotion agreed to purchase 100% of Newbit Technology Inc. for US$2,300,000 in cash on a cash-free, debt-free basis.
- The acquisition secures surface tenure, permits, pipeline infrastructure, and environmental approvals for the previously disclosed 9.9 MW behind-the-meter site in County of Newell, Alberta (Brooks Campus #1).
- A deposit of US$230,000 was previously paid; a further US$230,000 is payable on execution; the remaining ~US$1,840,000 is payable at closing.
- Closing is targeted for the third business day after satisfaction or waiver of conditions, on or before October 29, 2026.
- Generating equipment and movable plant are excluded and must be removed before closing.
- Execution of a new gas supply agreement with Pivotal Energy Partners is a condition to closing.
- The prior gas supply agreement for the site has been terminated following cessation of offtake.
- General representation claims are subject to a US$125,000 deductible and a cap of US$460,000 (20% of purchase price).
- The filing states the acquisition 'does not by itself create operating generation or contracted compute revenue.'
Financial Impact
US$2,300,000 all-cash acquisition of a holding vehicle for land, permits, and infrastructure; no operating revenue or generation is created by the deal itself.
Risk Factors
- Failure to satisfy closing conditions by October 29, 2026, including execution of a new gas supply agreement and third-party consents.
- The site has no generating equipment and no contracted offtake — it is a development-stage asset with execution risk.
- FingerMotion is responsible for any deposit or security required under the new gas supply agreement, adding cash commitment uncertainty.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001493152-26-044880 |
| Exhibit: ex99-1.htm | 0001493152-26-044880 |
| Document: 0001493152-26-044880-index-headers.html | 0001493152-26-044880 |
| Document: 0001493152-26-044880-index.html | 0001493152-26-044880 |
| Document: 0001493152-26-044880.txt | 0001493152-26-044880 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | EFFECT | $0.1847 | awaiting T+60 | — | $0.1520 (−17.70%) |
Oct 14, 2026 11d ago | S-1/A | $0.1821 | awaiting T+60 | — | $0.1520 (−16.53%) |
Oct 9, 2026 16d ago | S-1/A | $0.2010 | awaiting T+60 | — | $0.1520 (−24.38%) |
Oct 1, 2026 25d ago | Press Release | $0.1757 | awaiting T+60 | — | $0.1520 (−13.49%) |
Sep 29, 2026 26d ago | 8-K | $0.1770 | awaiting T+60 | — | $0.1520 (−14.12%) |
Sep 29, 2026 26d ago | Press Release | $0.1766 | awaiting T+60 | — | $0.1520 (−13.93%) |
Sep 21, 2026 5w ago | Press Release | $0.1417 | awaiting T+60 | — | $0.1520 (+7.27%) |
Sep 10, 2026 6w ago | Press Release | $0.1860 | awaiting T+60 | — | $0.1520 (−18.28%) |
Sep 4, 2026 7w ago | 8-K | $0.1894 | awaiting T+60 | — | $0.1520 (+19.75%) |
Aug 31, 2026 7w ago | 424B5 | $0.2230 | awaiting T+60 | — | $0.1520 (+31.84%) |
US Market Status
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