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NEXTGEN DIGITAL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS AND/OR COMMON SHARES

Apr 01, 2025 - financialpost.com
NextGen Digital Platforms Inc. announced a non-brokered private placement of up to 10,000,000 special warrants and/or common shares at $0.30 each, aiming to raise up to $3,000,000. The proceeds will be used for corporate development, marketing, and general working capital. Each special warrant will convert into one share without additional consideration, and the company may pay a 7% finder’s fee in cash and issue broker warrants. The offering is exempt from prospectus requirements and subject to a four-month hold period.

The completion of the offering is contingent on receiving necessary approvals, including from the Canadian Securities Exchange. Insiders may participate, making it a related party transaction under MI 61-101, but exemptions apply due to the transaction's value relative to the company’s market capitalization. NextGen focuses on digital assets and AI infrastructure, operating a hardware-as-a-service business for AI applications and exploring emerging technology platforms.

Key takeaways:

  • NextGen Digital Platforms Inc. is conducting a non-brokered private placement of up to 10,000,000 special warrants and/or common shares at $0.30 per security for gross proceeds of up to $3,000,000.
  • Each Special Warrant will automatically convert into one Share for no additional consideration, and the Company may pay finder’s fees of 7.0% in cash and issue broker warrants.
  • The Offering is subject to certain conditions, including the approval of the Canadian Securities Exchange, and insiders of the Company may participate in the Offering.
  • NextGen Digital Platforms Inc. focuses on digital assets and artificial intelligence infrastructure, operating a hardware-as-a-service business supporting the AI sector.
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