AcquisitionsAug 13, 2026, 09:16 AM
FingerMotion Acquires 9.9% Stake in Lyken AI for $500K Stock
AI Summary
FingerMotion, Inc. announced it is acquiring a 9.9% stake in Lyken AI Computing Inc. from Alset AI Ventures Inc. for $500,000. The payment will be made entirely in FingerMotion common stock, with no cash consideration at closing. This strategic move marks FingerMotion's formal entry into the enterprise cloud and GPU compute market, aligning with its broader strategy to build a recurring-revenue enterprise compute franchise alongside its existing mobile data and telecommunications operations.
Key Highlights
- FingerMotion acquired 9.9% of Lyken AI Computing Inc. from Alset AI Ventures Inc.
- Purchase price was $500,000, payable solely in FingerMotion common stock.
- FingerMotion will issue 1,674,480 restricted common shares to Alset AI.
- The transaction marks FingerMotion's entry into the enterprise cloud and GPU compute market.
- FingerMotion intends to expand its participation in Lyken over time.
- Lyken AI has established relationships with NVIDIA and Dell Technologies Canada.
- Alset AI is expected to retain 90.1% of Lyken following the transaction.
Price Impact
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