Digital Asset Technologies Announces Proposed $3 Million Private Placement to Fund LiquidLink's Lightning Network Liquidity

Core Viewpoint - Digital Asset Technologies Inc. is initiating a non-brokered private placement to raise up to C$3,000,000 to support its subsidiary LiquidLink in developing high-liquidity infrastructure for instant settlement of Bitcoin, stablecoins, and Real World Assets on the Lightning Network [1][2][3] Offering Details - The Offering will consist of up to 3,000 Convertible Debenture Units priced at C$1,000 each, aiming for gross proceeds of up to C$3,000,000 [4] - Each Convertible Debenture Unit includes C$1,000 principal amount of 10.0% unsecured convertible debentures and 2,000 common share purchase warrants [4] - The Convertible Debentures will mature 24 months from the Closing Date and can be converted into common shares at a price of C$0.25 per share [5] Financial Aspects - The Convertible Debentures will bear interest at 10.0% per annum, payable semi-annually in cash or, at the company's option, in common shares [6] - The Offering may involve finders' fees in cash or securities, with no minimum number of Convertible Debenture Units required to close [7] Regulatory and Compliance - The securities issued will be subject to a statutory hold period of four months plus one day from the issue date [8] - The Offering will be conducted in Canada and other jurisdictions, including the U.S., under private placement exemptions [9] Company Overview - Digital Asset Technologies Inc. focuses on equity investments in global companies developing technology, with a particular interest in blockchain technology through its subsidiary LiquidLink [10] - LiquidLink aims to build secure infrastructure for the tokenized economy, expanding its focus to include high-availability infrastructure on the Bitcoin Lightning Network [11]