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Nextgen Digital Platforms Inc
Symbol NXT
Shares Issued 24,100,050
Close 2025-03-31 C$ 0.40
Market Cap C$ 9,640,020
Recent Sedar Documents

Nextgen Digital arranges $3-million private placement

2025-04-01 09:24 ET - News Release

Mr. Alexander Tjiang reports

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

Nextgen Digital Platforms Inc. is undertaking a non-brokered private placement of up to 10 million special warrants and/or common shares of the company at the price of 30 cents per offered security for gross proceeds of up to $3-million.

Each special warrant will automatically convert into one share for no additional consideration.

The company may pay finders' fees of 7 per cent in cash and issue that number of brokers' warrants as is equal to 7 per cent of the number of offered securities sold under the offering. Each broker's warrant will be exercisable for one share at the price of 30 cents for a period of up to two years from the date of issuance.

The offering is being conducted pursuant to an exemption from the prospectus requirements under applicable securities laws. The securities issued under the offering will be subject to a four-month hold period from the date of closing of the offering, in addition to any other restrictions under applicable law.

The company will use the net proceeds from the offering for corporate development, marketing and general working capital. The completion of the offering is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the Canadian Securities Exchange.

It is anticipated that insiders of the company may participate in the offering. The issuance of offered securities to insiders will be considered a related party transaction, within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in special Transactions. The company is relying on exemptions from the formal valuation requirements of MI 61-101, pursuant to section 5.5(a), and the minority shareholder approval requirements of MI 61-101, pursuant to section 5.7(1)(a), in respect of such insider participation, as the fair market value of the transaction, insofar as it involves interested parties, does not exceed 25 per cent of the company's market capitalization.

About Nextgen Digital Platforms Inc.

Nextgen Digital Platforms is a publicly traded company with a dual focus on digital assets and artificial intelligence infrastructure. The company operates a hardware-as-a-service business supporting the artificial intelligence sector, known as Cloud AI Hosting, delivering advanced infrastructure solutions for AI-driven applications. The company also explores opportunities to acquire or develop emerging technology platforms that align with its strategic vision in digital innovation.

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