Nextgen Digital arranges $2-million private placement

Executive Summary

• Nextgen Digital Platforms Inc. announced a non‑brokered private placement of up to 5 million units at $0.40 per unit, targeting gross proceeds of up to $2 million.
• Each unit includes one common share and half of a transferable warrant; full warrants allow purchase of an additional share at $0.60 for 24 months, with an accelerated expiry clause tied to the share price.
• Net proceeds will be used for corporate development, marketing and general working capital.

Key Details

• Offering Size: Up to 5 million units (each = 1 common share + ½ warrant).
• Price per Unit: $0.40, yielding gross proceeds of up to $2 million.
• Warrant Terms: One whole warrant (two half‑warrants) gives the holder the right to buy one additional share at $0.60 for 24 months from closing.
• Accelerated Expiry Provision: If, during any 10 consecutive trading days, the common share price exceeds $0.90, the warrant expiry accelerates to 30 calendar days, commencing seven days after the last premium day; acceleration will be announced via news release.
• Finder’s Fees: Company may pay finder fees within limits permitted by CSE policies.
• Statutory Hold Period: All securities issued are subject to a hold period of four months plus one day from issuance.
• Use of Proceeds: Net proceeds earmarked for corporate development, marketing and general working capital.
• Closing Conditions: Subject to receipt of all required corporate and regulatory approvals, including CSE approval; no minimum subscription amount.

Notable Quotes

“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, CEO.
“Bitcoin has reached an all‑time high… we see a tremendous opportunity to become a leader in the Bittensor ecosystem…”