NextGen Digital announces $2 million private placement financing

NextGen Digital Platforms Inc. (CSE: NXT) (OTCQB: NXTDF) (FSE: Z12) announced a non-brokered private placement offering of up to 5 million units at $0.40 per unit for gross proceeds of up to $2 million.

Each unit consists of one common share and half of a transferable warrant. Each whole warrant allows the holder to purchase one additional share at $0.60 for 24 months from closing.

The warrants include an accelerated expiry provision. If the closing price of common shares exceeds $0.90 for ten consecutive trading days during the warrant term, the expiry date will be accelerated to 30 calendar days after announcement.

The company may pay finder's fees within limits permitted by Canadian Securities Exchange policies. Net proceeds will fund corporate development, marketing, and general working capital.

"As digital assets and artificial intelligence continue to gain relevance in today's economy, we believe that now is the time to accelerate our growth strategy," said Matthew Priebe, Chief Executive Officer. "Bitcoin has reached an all-time high, we're generating revenue by staking our Bittensor, and we see a tremendous opportunity to become a leader in the Bittensor ecosystem."

The offering requires corporate and regulatory approvals, including CSE approval. All securities will be subject to a four-month-plus-one-day statutory hold period from issuance. The offering has no minimum subscription requirement.

The securities have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without registration or applicable exemption.

NextGen Digital Platforms operates as a fintech and digital asset company providing exposure to Web3 technologies, blockchain infrastructure, and digital assets. The company also operates PCSections.com e-commerce platform and Cloud AI hosting services.

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