NEXTGEN DIGITAL ANNOUNCES $2.0 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

Executive Summary

• NextGen Digital Platforms Inc. announced a non‑brokered private placement of up to 5,000,000 units at $0.40 per unit, targeting gross proceeds of up to $2 million.
• Each unit consists of one common share and ½ of a transferable warrant that allows purchase of an additional share at $0.60 for 24 months, with an acceleration clause tied to the share price exceeding $0.90.
• Net proceeds will be allocated to corporate development, marketing, and general working capital, supporting the company’s growth in Web3, digital assets, and AI‑focused initiatives.

Key Details

• Units Offered: Up to 5,000,000 units @ $0.40 per unit → Maximum gross proceeds: $2,000,000.
• Unit Composition:
• 1 common share (“Share”).
• ½ of a transferrable common share purchase warrant (“Warrant”).
• Warrant Terms:
• Each whole warrant permits purchase of one additional Share at $0.60 per Share.
• Valid for 24 months from the closing date of the Offering.
• Acceleration Clause: If, during any ten consecutive trading days (“Premium Trading Days”), the closing price of the Common Shares exceeds $0.90, the warrant expiry accelerates to 30 calendar days, commencing seven days after the last Premium Trading Day.
• Finder’s Fees: The Company may pay finder’s fees within limits permitted by CSE policies.
• 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), statutory hold period of four months plus one day, and no minimum aggregate subscription amount.
• Regulatory Disclaimers: Offering not an offer or solicitation in the United States; securities are unregistered under the U.S. 1933 Act and may only be sold pursuant to an exemption.

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, Chief Executive Officer.
“We’re focused on bridging the gap between web3, digital assets and infrastructure, and capital markets… these advances in the Bittensor ecosystem … tend towards that goal.”