FingerMotion signs deal to buy Newbit Technology for US$2.3 million cash
Bitget2026/09/29 20:06- FingerMotion agreed to buy Newbit Technology for US$ 2.3 million cash, securing a 9.9 MW behind-the-meter powered site in Alberta.
- Structure covers 100% of shares on a cash-free, debt-free basis; price subject to customary leakage and debt adjustments.
- US$ 230,000 deposit already in trust; another US$ 230,000 due on signing; about US$ 1.84 million payable at closing.
- Closing targeted by Oct. 29, 2026; requires a new gas supply agreement with Pivotal Energy Partners plus key third-party consents.
- Transaction includes site tenure, permits, pipeline and metering infrastructure; generating equipment excluded and to be removed before closing.
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