NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) has successfully completed the third and final tranche of its non-brokered private placement, as announced in their recent press releases. The Company issued 2,468,032 special warrants at a price of $0.30 per Special Warrant, generating gross proceeds of $740,409.74. In addition, in connection with the Third Tranche, finder’s fees were paid to eligible finders in the amount of $7,476.00 in cash and 13,320 common share purchase warrants.
The total Offering consisted of 8,979,498 Special Warrants and 440,000 Common Shares, resulting in total gross proceeds of $2,825,849.84. Finder’s fees totaling $54,712.01 in cash and 162,533 Finder’s Warrants were paid to eligible finders as part of the Offering. Each Special Warrant will automatically convert into one Common Share under certain conditions, including the filing of a prospectus supplement or after a specified period.
All securities issued in connection with the Third Tranche are subject to a statutory hold period of four months plus a day. The net proceeds from the Offering will be used for corporate development, marketing, and general working capital purposes. Additionally, the Company has entered into a marketing agreement with Alpha Collective Inc. for digital marketing services, with a cash fee of $45,000 for a three-month term.
NextGen Digital Platforms Inc. is a technology company operating e-commerce platform PCSections.com and a hardware-as-a-service business supporting the artificial intelligence sector through Cloud AI Hosting. The Company also plans to provide investors with exposure to cryptocurrencies through a regulated public vehicle and explore other micro-technology platforms in the future.
For more information, interested individuals can contact Alexander Tjiang, Interim Chief Executive Officer at (416) 300-7398 or visit the company’s website at https://nextgendigital.ca/. It is important to note that some statements in this news release may contain forward-looking information and investors should exercise caution when considering future performance based on such statements.
This news release does not constitute an offer for sale in the United States or to any U.S Person under applicable securities laws. The securities of the Company have not been registered under the U.S. Securities Act of 1933 and may not be offered or sold in the United States without proper registration or an exemption. The Canadian Securities Exchange does not accept responsibility for the accuracy of this release.
In conclusion, NextGen Digital Platforms Inc. continues to make strides in its offerings and strategic partnerships, positioning itself for growth and innovation in the technology sector.