NEXTGEN DIGITAL CLOSES FIRST TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS

Core Viewpoint - NextGen Digital Platforms Inc. has successfully completed the first tranche of its non-brokered private placement, raising gross proceeds of $935,510 through the issuance of 3,118,366 special warrants at a price of$0.30 each [2][3]. Group 1: Offering Details - The first tranche of the offering involved the issuance of 3,118,366 special warrants at a price of $0.30 per warrant, resulting in gross proceeds of$935,510 [2]. - The company plans to complete a second tranche of the offering in the following week [3]. - Finder's fees paid in connection with the first tranche included $5,390.70 in cash and 17,969 common share purchase warrants, each exercisable at$0.30 for a period of 24 months [3]. Group 2: Special Warrants Conversion - Each special warrant will automatically convert into one common share without additional consideration on the earlier of two dates: three business days after the filing of a prospectus supplement or four months and one day after the closing of the offering [4]. - The company aims to file the prospectus supplement within 60 days of the closing of the offering, although there is no guarantee that it will be filed before the statutory hold period expires [5]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for corporate development, marketing, and general working capital [6]. Group 4: Company Overview - NextGen Digital Platforms Inc. is publicly traded on the Canadian Securities Exchange, focusing on digital assets and artificial intelligence infrastructure [7]. - The company operates a hardware-as-a-service business supporting the AI sector, known as cloud AI hosting, providing advanced infrastructure solutions for AI-driven applications [7].