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NEXTGEN DIGITAL ANNOUNCES UPSIZE OF NON-BROKERED PRIVATE PLACEMENT TO $1.2 MILLION & PURCHASE OF XRP COINS

Jan 29, 2025 - financialpost.com
NextGen Digital Platforms Inc. has announced an increase in its non-brokered private placement from $1 million to $1.2 million due to strong market demand. The offering will consist of up to 937,500 units at $1.28 per unit, with each unit comprising one common share and one transferrable common share purchase warrant. The warrants allow the purchase of an additional share at $1.60 within 24 months. The proceeds will be used for corporate development, marketing, and working capital. The company plans to complete a second tranche of the offering soon.

Additionally, NextGen is building a strategic position in Ripple's XRP, a cryptocurrency aimed at improving global payments with faster, cheaper transactions. The company views XRP as a significant asset for future global institutional finance, bridging blockchain and traditional banking systems. NextGen is focused on democratizing cryptocurrency investing and expanding its portfolio to maximize shareholder value. The company also operates a cloud AI hosting business, supporting AI-driven applications.

Key takeaways:

  • NextGen Digital Platforms Inc. has increased its non-brokered private placement from $1,000,000 to $1,200,000 due to significant market demand.
  • The offering will consist of up to 937,500 units at a price of $1.28 per unit, with each unit including one common share and one transferrable common share purchase warrant.
  • NextGen is building a strategic position in Ripple (XRP) to enhance global payments and provide shareholders exposure to cryptocurrency.
  • The company is focused on democratizing access to cryptocurrencies and supporting AI infrastructure through its Cloud AI Hosting business.
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