Fredericton, New Brunswick, January 23, 2025 (Globe Newswire) – NextGen Digital Platforms Inc. (CSE: NXT) (FSE: Z12) (“Subsequent gene‘Or the’Company“) Is pleased to announce, following the press release of January 10, 2025, that the company is the first tranche (the”First tranche“) Of her previously announced non-bodies Private Placement financing (the”To offer“). In accordance with the first tranche, the company issued 633,750 units of the company (the “Units“), At a price of $ 1.28 per unit for a gross yield of $ 811,200.
Each unit consists of one ordinary share in the capital of the company (a “Part“) And one transferable warrant for the purchase of ordinary shares (a“Bite“). Each Warrant gives the holder the right to buy one additional share at a exercise price of $ 1.60 for a period of 24 months from the date of issue.
In connection with the first tranche, the company paid for the eligible Finders, consisting of $ 31,848 in cash and 24,631 ordinary stock purchase warrants (the “Findings“). Each Finder’s Warrant can be exercised to acquire one share at a exercise price of $ 1.60 for a period of 24 months from the date of issue.
The company will use the net revenue of the offer for business development, marketing and general working capital. All effects issued in connection with the first tranche are subject to a legal retention period of four months plus a day from the date of issue in accordance with the applicable securities legislation, ending on 24 May 2025.
The company is planning to complete a second tranche of the offer in the coming weeks.
The company is also pleased to announce, following its press release of 20 December 2024, that the company has received approval from the Canadian Securities Exchange (“CSE“) For the proposed split of its shares based on 2 (two) post-splitting share for each issued and outstanding before split share (the”Divide“). It is currently expected that the name and share symbol of the company will remain unchanged after the stock split. The stock split will take effect on a registration date that will be announced in due course and after closing the last tranche of the offer.
This press release is not an offer for sale or an invitation to make an offer to buy securities in the United States, nor will there be any sale of the effects in any jurisdiction where such an offer, invitation or sale would be illegal. The effects offered are not registered, and will not be, under the 1933 law or under the securities laws of the US State, and may not be offered or sold in the United States without registration or an applicable exemption from the registration requirements of the 1933 law. Act, as amended, and the applicable state laws in the field of securities.
About NextGen Digital Platforms Inc.
NextGen Digital Platforms Inc. Is noted on the Canadian Securities Exchange. The company is currently operating the e-commerce platform PCSections.com (“Piece“) And a hardware-as-a-service company that supports the artificial intelligence sector, called Cloud AI-hosting (“Cloud AI hosting“). Both PCS and Cloud AI Hosting have been developed in -house by NextGen. The company also plans to democratize access to cryptocurrencies by offering investors exposure to a diversified basket with digital assets via a regulated public vehicle. From time to time, the company also plans to evaluate, acquire or develop other micro technology platforms.
For more information:
Alexander Tjiang, interim director
(416) 300-7398
https://nextgigigital.ca/
[email protected]
The CSE accepts no responsibility for the suitability or accuracy of this release.
This press release contains “Future -oriented information” that is subject to a number of assumptions, risks and uncertainties, many of which are outside the control of the company. Future -oriented statements may include, but are not limited to, statements regarding the completion of the offer under the conditions described herein and the completion of the stock splitting or not at all, and the use of yields and available funds after completion of the offer, And are subject to all risks and uncertainties that normally accompany such events. Investors are warned that such statements do not constitute a guarantee for future events and that actual events or developments can vary from the expectations that are projected in the future -oriented statements. Such future -oriented statements represent the best judgment of management based on the currently available information. No regulatory body in the field of securities has approved or rejected the content of this press release. The company is not obliged to publicly update future -oriented statements or to revise them otherwise, unless this is required by law.
