- FingerMotion recently announced it has submitted an application to be uplisted to NASDAQ
- The company believes listing its shares of common stock on the Nasdaq Capital Market, which is subject to approval and fulfillment of applicable requirements, will improve liquidity, increase its corporate visibility, and enhance shareholder value
- FingerMotion’s first upgrade came in February 2019, when it announced it had been uplisted and approved to trade on the OTCQB Venture Marketplace
- In January 2021, the company was again uplisted to the OTCQX, where it currently trades and will continue trading until its application to join the NASDAQ is approved
FingerMotion (OTCQX: FNGR), an evolving technology company with core competence in SMS/MMS as well as mobile payment and recharge platform solutions in China, recently announced it has applied to have its shares of common stock listed on Nasdaq Capital Market, subject to NASDAQ’s approval and fulfillment of all applicable listing, governance, and regulatory requirements (https://ibn.fm/7quFq).
“Over the past year, we have been working diligently to comply with certain uplisting requirements,” said FingerMotion CEO Martin Shen. “Applying for a NASDAQ listing is a key milestone in our company’s evolution. We believe listing our common stock on the Nasdaq Capital Market will improve liquidity, increase our corporate visibility, and enhance shareholder value.”
If approved, Shen noted, the uplisting will see FingerMotion join the ranks of global technology companies listed in the US. It will also mark stellar progress whose beginning, outside of the company’s establishment in 2016 and growth through the years, can be traced to February 2019 when FNGR announced it had been upgraded from pink sheets to the OTCQB Venture Marketplace. At the time, Shen intimated that the uplisting to OTCQB served as a stepping stone to meeting the listing requirements for admission on a senior exchange (https://ibn.fm/MEhSq).
In January this year when FingerMotion was again upgraded to the OTCQX Best Market (https://ibn.fm/1Bye6). The upgrade marked a significant milestone for the company as it offered, and continues to do so, greater access to the capital markets. It was also an essential part of FNGR’s business plan.
“The higher standards make us more transparent to institutional investors who rely on the more rigorous review of the company,” said Shen, following the uplisting to OTCQX. “The liquidity on OTCQX should also provide investors more confidence to trade our securities. The higher financial standards and reporting requirements are good for management, strategic partners, and investors as it will increase our overall appeal to attract top-level experience, partnerships, and investment.”
Until its uplisting application to NASDAQ is approved, FingerMotion will continue to trade on the OTCQX under its current ticker symbol “FNGR.” The company looks forward to updating shareholders on the progress of its submission in due course.
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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