Globenewswire·2025-07-21 11:29Core Viewpoint - Digi Power X Inc. has successfully entered into a securities purchase agreement for the sale of 4,807,693 shares at an offering price of U.S.$3.12 per share, resulting in gross proceeds of approximately U.S.$15 million, which will enhance its financial position and support its growth strategy in AI and digital infrastructure [2][3][9]. Financial Highlights - The offering is expected to close on or about July 22, 2025, subject to regulatory approval [4]. - Post-offering, the company will have over U.S.$30 million in cash and cash equivalents, with no long-term debt [3][9]. - The financing is aimed at solidifying the company's capital position as it transitions from deployment to monetization [4]. Strategic Initiatives - The funds will be utilized to expand the deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips [9]. - The company plans to accelerate the manufacturing and global distribution of its ARMS 200 pods [9]. - The financing will support strategic joint ventures and PPA-backed energy deployments, as well as non-dilutive financing initiatives [9]. Market Position - The offering reflects a growing interest in the company's scalable AI infrastructure strategy, particularly its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure [3][9]. - Titan Partners Group is acting as the sole placement agent for this offering [4].