Core Viewpoint - NextGen Digital Platforms Inc. has appointed Matt Zahab to its Board of Directors, while Steven Sirbovan has resigned, marking a significant change in the company's leadership structure [1]. Group 1: Leadership Changes - Matt Zahab, a technology professional with expertise in marketing, growth, strategy, and sales, has joined the Board [2]. - Steven Sirbovan has resigned from the Board, and the company expresses gratitude for his contributions during his tenure [1]. Group 2: Matt Zahab's Background - Zahab is currently the Chief Marketing Officer and Podcast Host at CryptoNews.com, where he leads strategic marketing initiatives and hosts the "Cryptonews Podcast" [2]. - He has previously held leadership roles focused on growth and strategy, including Head of Growth at Cypherpunk Holdings Inc. and leading sales at Hush Blankets, contributing to a $50 million sale to Sleep Country Canada [3]. Group 3: Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform, PCSections.com, and a hardware-as-a-service business for the AI sector, known as Cloud AI Hosting [5]. - The company aims to democratize access to cryptocurrencies by providing investors with exposure to a diversified basket of digital assets through a regulated public vehicle [5].

Core Viewpoint - NextGen Digital Platforms Inc. has successfully completed the third and final tranche of its non-brokered private placement, raising a total of approximately $2.83 million through the issuance of special warrants and common shares [1][3]. Group 1: Offering Details - The third tranche involved the issuance of 2,468,032 special warrants at a price of $0.30 each, generating gross proceeds of $740,409.74 [1]. - In total, the company issued 8,979,498 special warrants and 440,000 common shares during the entire offering, resulting in total gross proceeds of $2,825,849.84 [3]. - The company paid finder's fees totaling $54,712.01 in cash and issued 162,533 Finder's Warrants as part of the offering [3]. Group 2: Special Warrants Conversion - Each special warrant will automatically convert into one common share without additional consideration, either three business days after filing a prospectus supplement or four months and one day after the offering's closing [4]. - The company aims to file the prospectus supplement within 60 days of the offering's closing, although there is no guarantee this will occur 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: Marketing Agreement - 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 starting May 21, 2025 [7].

Group 1 - NextGen Digital Platforms Inc. has completed the second tranche of its non-brokered private placement, issuing 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 [1][2] - The company plans to complete a third and final tranche of the offering next week and has paid finder's fees totaling $41,845.31 in cash and 131,244 common share purchase warrants [2][5] - Each special warrant will automatically convert into one common share on the earlier of three business days after filing a prospectus supplement or four months and one day after the closing of the offering [3][4] Group 2 - The company intends to use the net proceeds from the offering for corporate development, marketing, and general working capital [5] - NextGen has engaged Tafin GmbH for investor relations services focused on the German stock market, with an initial term of ten weeks and a one-time payment of EUR250,000 [6] - NextGen Digital Platforms Inc. operates e-commerce platform PCSections.com and a hardware-as-a-service business supporting the AI sector, with plans to democratize access to cryptocurrencies [7]

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].

Fredericton, New Brunswick, April 16, 2025 (GLOBE NEWSWIRE) -- NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) (“NextGen” or the “Company”), a technology company, today provides an update on its strategic priorities and corporate strategy. The Company currently operates a fleet of computing workstations for its online hardware-as-a-service business (“Cloud AI Hosting”) and a premium computing and electronics e-commerce platform under the brand PCSections.com (“PCS”). The Company’s core ...