tiprankstipranks
FingerMotion shareholder Lind Partners issues statement
The Fly

FingerMotion shareholder Lind Partners issues statement

Fingermotion shareholder Lind Partners issued a statement. Highlights include: “Over the course of the last 15 months, Lind Partners has been the target of a small group of nefarious individuals spreading misinformation about our position with FingerMotion…On March 23, 2023, Lind Global Fund II disclosed a beneficial ownership of 3,215,296 shares of FingerMotion, including 2,495,916 shares of Common Stock and 719,380 shares of Common Stock issuable upon the conversion of a convertible note held by Lind Global Fund II LP, representing 6.8% stake in FingerMotion on a diluted basis. As of today, Lind Global Fund II and all its affiliates hold a total of 1,000 common shares of FingerMotion, with no other warrants, options, shorts, derivative or other instruments relating to FingerMotion. This position will be shown in our exit filing that will be filed with the SEC in the next quarter…Anonymous individuals alleging that Lind Partners has taken naked short positions in FingerMotion are disseminating false information….We can only assume that the bad actors making these statements are doing so for personal gain and/or are part of a broader promotion intended for their own financial benefit or the ultimate beneficiaries of a paid promotion campaign. We are pleased that since Lind Global Fund’s investment, FingerMotion’s share price increased from $1.08 on the date of the announcement of our initial investment to a high of $9.79 to the current price of approximately $3.80. It has been a profitable relationship”.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

See today’s best-performing stocks on TipRanks >>

Read More on FNGR:

Trending

Name
Price
Price Change
S&P 500
Dow Jones
Nasdaq 100
Bitcoin

Popular Articles