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NEXTGEN DIGITAL ANNOUNCES $1.0 MILLION NON-BROKERED PRIVATE PLACEMENT FINANCING

Jan 10, 2025 - financialpost.com
NextGen Digital Platforms Inc. announced a non-brokered private placement financing of up to 781,250 units at $1.28 per unit, aiming to raise $1 million. Each unit comprises one common share and one transferrable common share purchase warrant, allowing the holder to buy an additional share at $1.60 within 24 months. The proceeds will be used for corporate development, marketing, and general working capital. The offering is subject to regulatory approvals and is not available in the U.S. The securities will have a statutory hold period of four months plus a day.

NextGen, listed on the Canadian Securities Exchange, operates e-commerce platform PCSections.com and a hardware-as-a-service business for AI, Cloud AI Hosting. The company plans to provide investors access to a diversified basket of digital assets and may develop other micro-technology platforms. The press release includes forward-looking statements subject to risks and uncertainties, and no securities regulatory authority has approved the contents of the release.

Key takeaways:

  • NextGen Digital Platforms Inc. announces a non-brokered private placement of up to 781,250 units at $1.28 per unit for gross proceeds of up to $1,000,000.
  • Each unit consists of one common share and one transferrable common share purchase warrant, with each warrant allowing the purchase of an additional share at $1.60 for 24 months.
  • The net proceeds from the offering will be used for corporate development, marketing, and general working capital.
  • NextGen Digital Platforms Inc. operates e-commerce platform PCSections.com and a hardware-as-a-service business supporting the AI sector, with plans to provide exposure to cryptocurrencies through a regulated public vehicle.
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