NextGen Digital Platforms Inc., a technology company based in Fredericton, New Brunswick, has successfully completed the second tranche of its non-brokered private placement offering. The company issued a total of 3,393,100 special warrants and 440,000 common shares at a price of $0.30 per security, resulting in gross proceeds of $1,149,930.10. This follows the company’s previous announcements regarding the offering, with plans to finalize a third and final tranche in the coming week.
In addition to the issuance of securities, the company also paid finder’s fees to eligible finders in the amount of $41,845.31 in cash and 131,244 common share purchase warrants. Each finder’s warrant is exercisable to acquire one common share of the company at an exercise price of $0.30 per share for a period of 24 months.
The special warrants issued will automatically convert into common shares on the earlier of the date on which the company files a prospectus supplement with the securities commissions or four months and one day after the closing of the offering. The company intends to file the prospectus supplement within 60 days of the closing of the offering, subject to regulatory approval.
All securities issued as part of the offering are subject to a statutory hold period of four months plus a day, ending on September 17, 2025. The net proceeds from the offering will be used for corporate development, marketing, and general working capital.
In a separate announcement, the company revealed that it has engaged Tafin GmbH to provide investor relations services with a focus on the German stock market. The agreement with Tafin includes marketing services and content creation for financial platforms and newsletters. The initial term of the agreement is ten weeks, with a one-time payment of EUR250,000 for the services provided.
NextGen Digital Platforms Inc. operates e-commerce platform PCSections.com and a hardware-as-a-service business supporting the artificial intelligence sector called Cloud AI Hosting. The company also aims to provide investors with exposure to a diversified basket of digital assets through a regulated public vehicle and evaluate other micro-technology platforms.
For more information, interested parties can contact Alexander Tjiang, Interim Chief Executive Officer, at (416) 300-7398 or visit the company’s website at https://nextgendigital.ca.
This news release contains forward-looking statements and does not constitute an offer for sale in the United States. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.