Fredericton, New Brunswick, 23 May 2025 (Globe Newswire) – NextGen Digital Platforms Inc. (CSE: NXT) (OTCQB: NXTDF) ((FSE: Z12) (“NextGen“Or the”Company“) Announces, further on his news items of April 1, 2025, April 29, 2025, 8 May 2025 and 16 May 2025 that the company has completed the third and last tranche (the”Third trancheOf his previously announced non-bi-average private placement (the ‘Offer“). Based on the third tranche, the company published 2,468,032 special warrants (the”Special Warrants“) For the price of $ 0.30 per special order for gross yields of $ 740,409.74.
In connection with the third tranche, the company paid Finder’s Toes to eligible for -ups consisting of $ 7,476.00 in cash and 13,320 ordinary stock purchase commitments (the “Finder’s Warrants“). The order of each Finder is exercising to acquire one general share from the company (a”Common share“) For a exercise price of $ 0.30 per share for a period of 24 months.
In connection with the offer, the company has issued a total of 8,979,498 special warrants and 440,000 ordinary shares (jointly the “Effects“), At a price of $ 0.30 per security for total gross yields of $ 2,825,849.84 and paid the total finding costs for eligible for the foregoers consisting of $ 54,712.01 in cash and 162,533 Finder’s Warrants.
Each special order will automatically be automatically converted for no additional consideration into one ordinary share on the date it is earlier of: (i) The date that is three working days after the date on which the company submits a prospectus supplement with a short form -based prospectus with the qualification distribution of the ordinary shares of the ordinary shares (the ‘Prospectus supplement“), And (ii) the date that is four months and one day after the selection of the offer.
The company will use its commercially reasonable efforts to submit the prospectus supplement within 60 days of the closure of the offer (excluding the date of closure), provided that there is no certainty that a prospectus supplement will be submitted to the securities committees prior to the provision of the statutory Hold -Hold -Hold -Hold -Hold -Hold -Hold -Peris
All effects issued in connection with the third tranche are subject to a legal hold period of four months plus a day in accordance with the applicable securities legislation that ends on 24 September 2025.
The company will use the net proceeds of the offer for business development, marketing and general working capital.
Marketing agreement
The company is also happy to be announced in accordance with the CSE policy, which has concluded a marketing agreement with an ARM -Length company, Alpha Collective Inc. (“Alpha”) to offer digital marketing services, among other things. In consideration for these services, Alpha receives a cash reimbursement of $ 45,000 paid for a period of three months from May 21, 2025.
The contact person for Alpha is Mani Minhas, e-mail: [email protected], telephone: (236) -997-4461, and the address is 806-1238 Melville Street, Vancouver, BC V6E 4N2. The company will not spend any effects on Alpha as compensation. Both Alpha and Mani Minhas are poor’s height for the company and have no interest, directly or indirectly, in the company or its effects, nor have they any right to acquire such interest
About NextGen Digital Platforms Inc.
NextGen Digital Platforms Inc. (CSE: NXT) is a technology company that operates e-commerce platform PCSections.com (“PCS”) and a hardware-as-a-service company to support the artificial intelligence sector, called Cloud ai Hosting (“Cloud ai hosting”). Both PCs and Cloud AI hosting were developed internally by NextGen. The company also plans to democratize access to cryptocurrencies by exposing investors to a diversified basket with digital assets via a regulated public vehicle. From time to time, the company is also planning to evaluate and acquire other micro-technology platforms.
For more information:
Alexander Tjiang, Interim Chief Executive Officer
(416) 300-7398
https://nextgigigital.ca/
[email protected]
Foresighting statements
Some statements in this press release may contain future -oriented information (within the meaning of Canadian securities legislation), including, without limitation, receiving approval for the offer including the approval of the CSE, closing the offer and the use of the proceeds of the offer. These statements deal with future events and conditions and involve them as such known and unknown risks, uncertainties and other factors that can ensure that the actual results, performance or performance differ substantially from future results, performance or performance expressed or implemented by the statements. Forward -looking statements only speak from the date that statements are made. Although the company is of the opinion that the expectations expressed in such future -oriented statements are based on reasonable assumptions, such statements cannot guarantee future performance and the actual results can differ considerably from those in the future -oriented statements. Factors that can ensure that the actual results differ material from those in future-oriented statements include legal actions, market prices and continuous availability of capital and financing, and general economic, market or business circumstances. Investors are warned that such statements are not guarantees for future performance and the actual results or developments can vary substantially from those projected in the future -oriented statements. Forward statements are based on the beliefs, estimates and opinions of the company’s management on the date on which the statements are made. Except as required by the applicable legislation, the company does not include an obligation to include the results of a change of a future -oriented statement or to announce to the public to point out or include the actual results, future events or developments, changes in assumptions or other factors that influence the future -oriented statements. If the company updates a future -oriented statement (s), it should not be concluded that the additional updates will make with regard to those or other future -oriented statements.
This press release is not an offer for sale, or a request to buy an offer, in the United States or to an “American person” (since such a defense is defined in regulations under the US Securities Act of 1933, as amended (the “1933 Act“) Of any equity or other effects of the company. The effects of the company are and will not be registered on the basis of the law of 1933 or under any State Laws Laws and may not be offered or sold in the United States or to an American personnel registration under the Act of 1933 and the applicable state effects laws or an applicable output.
The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.
