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Universal Digital Announces Strategic Partnership with Crypto.com
Newsfile· 2025-11-05 11:00
Core Insights - Universal Digital Inc. has entered into a strategic partnership with Crypto.com to enhance its digital asset management capabilities [1][2][3] - The partnership will leverage Crypto.com's institutional-grade custody infrastructure and OTC services to support Universal Digital's portfolio [2][3] - This collaboration aims to strengthen asset security and improve liquidity management, aligning with Universal Digital's long-term vision for shareholder value [3][4] Company Overview - Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, particularly in blockchain and cryptocurrencies [5] - The company aims to provide long-term capital growth through a diversified investment approach and participate in the transformation of global finance [5] Crypto.com Overview - Crypto.com is recognized as an industry leader in security standards, regulatory compliance, and innovative financial products [3][6] - Founded in 2016, Crypto.com aims to accelerate cryptocurrency adoption through innovation and is trusted by millions of users worldwide [6]
Universal Digital Announces Closing of First Tranche of Previously Announced Convertible Debenture Financing
Newsfile· 2025-11-03 10:00
Core Points - Universal Digital Inc. has successfully closed the first tranche of a private placement for senior secured convertible debentures and common share purchase warrants, raising a total of $3,336,364 in principal amount and issuing 834,091 warrants [1][2][3] Financing Details - The minimum conversion price for the convertible debentures has been increased from $0.05 to $0.30 [2] - The convertible debentures have a one-year term and bear an interest rate of 17.5% per annum, with interest paid in cash upon closing [3] - Each warrant allows the holder to purchase one common share at an exercise price of $0.637 until October 31, 2028 [4] Use of Proceeds - The company is required to allocate 80% of the net proceeds from each tranche for the purchase of Bitcoin, while the remaining 20% can be used for general working capital [6] Security and Restrictions - The convertible debentures are secured by all Bitcoin owned by the company, and there are restrictions on conversion and exercise of warrants to prevent Helena from owning more than 9.9% of the common shares [3][5] Company Overview - Universal Digital Inc. focuses on digital assets and aims to provide long-term capital growth through a diversified investment approach, particularly in blockchain and cryptocurrency sectors [11]
Universal Digital and ReYUU Japan Sign MOU to Develop Strategic Financing Framework
Newsfile· 2025-10-30 10:00
Core Points - Universal Digital Inc. has signed a non-binding Memorandum of Understanding (MOU) with ReYuu Japan Inc. to establish a strategic collaboration framework for digital-asset treasury initiatives in Japan [1][3] - The MOU outlines a potential loan facility of up to USD 100 million to support ReYuu's digital-asset treasury strategy [2] - The MOU aims to strengthen the partnership between Universal Digital and ReYuu, focusing on developing responsible digital-asset frameworks across Asia [3] Company Overview - Universal Digital Inc. is a Canadian investment company that focuses on digital assets and high-growth industries, particularly in blockchain and cryptocurrencies [4] - The company aims to provide long-term capital growth through a diversified investment approach and participate in the transformation of global finance via digital asset strategies [4] ReYuu Overview - ReYuu is involved in reuse-related businesses, specifically handling reused mobile terminals and communications terminal equipment rental for corporations [5] - The company's primary business includes buying and selling reused communication terminal equipment such as smartphones, tablets, and personal computers [5]
Universal Digital Inc. Announces Closing of Strategic Investment in ReYuu Japan Inc.
Newsfile· 2025-10-29 11:30
Core Insights - Universal Digital Inc. has successfully closed a strategic investment in ReYuu Japan Inc., marking its entry into Asia's technology and digital asset markets [1][2][5] Investment Details - The company acquired 200,000 ordinary shares of ReYuu, representing approximately 3.48% of its issued share capital, for a total cash consideration of approximately USD 1,030,000 [7] - Additionally, Universal Digital acquired 8,000 warrants for USD 45,434, each warrant allowing the purchase of 100 ordinary shares of ReYuu at an exercise price of JPY 579 per share until July 23, 2028 [3][7] - The agreement includes an option for Universal Digital to acquire up to 10,000 additional warrants until July 23, 2028, at a price determined by a Black-Scholes formula or JPY 1,000, whichever is lower [3] Strategic Implications - The investment provides Universal Digital with a platform to develop scalable treasury and financing models in the Asian market, leveraging ReYuu's position as a listed technology company in Japan [5] - ReYuu operates in the reuse-related business, focusing on buying and selling reused communication terminal equipment, which aligns with the growing digital asset ecosystem [6]
Universal Digital Announces Financing of up to $50 Million Aggregate Principal Amount of Convertible Debentures
Newsfile· 2025-10-24 23:11
Core Points - Universal Digital Inc. has announced a financing agreement to issue up to $50 million in senior secured convertible debentures to Helena Global Investment Opportunities 1 Ltd. [1][2] - The funds will be primarily used to enhance the company's Bitcoin treasury holdings and support future digital asset initiatives [1][2]. Financing Structure - The financing will occur in up to fourteen tranches, starting with an initial tranche of approximately $3.34 million, followed by twelve tranches of about $3.64 million each, and a final tranche of approximately $3.03 million [1][2]. - The first tranche is expected to close around October 31, 2025, with subsequent tranches closing on mutually agreed dates [1]. Terms of Convertible Debentures - The convertible debentures will have a one-year term and bear an interest rate of 17.5% per annum, with interest paid in cash upon closing of the first tranche [2]. - They can be converted into common shares at Helena's option, with a conversion price equal to 100% of the closing price of the common shares on the trading day before the conversion notice, subject to a minimum price of $0.05 [2]. Use of Proceeds - The company is required to allocate 80% of the net proceeds from each tranche for purchasing Bitcoin, while the remaining 20% can be used for general working capital [6]. Warrants Issuance - Along with each tranche, the company will issue warrants to Helena, allowing the purchase of common shares equal to up to 25% of the subscription amount for each tranche, exercisable for three years [3]. Restrictions on Ownership - The conversion and subscription for additional debentures are restricted if it would result in Helena owning more than 9.9% of the common shares outstanding [5]. Company Overview - Universal Digital Inc. focuses on digital assets and aims to provide long-term capital growth through a diversified investment approach, particularly in blockchain and cryptocurrencies [10].
Universal Digital Inc. Announces Marketing Agreement with Plutus Invest & Consulting GmbH
Newsfile· 2025-10-24 23:00
Core Insights - Universal Digital Inc. has entered into a marketing services agreement with Plutus Invest & Consulting GmbH to enhance its investor awareness and digital marketing strategy in European and international markets [1][2]. Group 1: Agreement Details - The agreement is set for three months, starting from November 1, 2025, and ending on January 31, 2026 [2]. - Plutus will execute a multi-channel media and investor-awareness campaign aimed at increasing Universal Digital's visibility among retail and institutional investors [2]. - The campaign may involve distributing company-approved content through various platforms, including financial-news portals, investor newsletters, and social media [2]. Group 2: Financial Considerations - Universal Digital has allocated a marketing budget of up to €250,000, with an initial payment of €125,000 due before the campaign starts [3]. - Any additional media placements will require prior written approval from the company, and no equity-based compensation will be issued in connection with this agreement [3][4]. Group 3: Relationship with Plutus - Plutus and its affiliates are arm's-length from Universal Digital and do not currently hold any securities of the company [4]. - Plutus will not provide market-making or trading services, and compensation is not linked to the company's share price or trading volume [4].
Universal Digital Inc. Appoints Chase Ergen to Advisory Board to Accelerate Global Digital Asset Strategy
Newsfile· 2025-07-18 12:00
Core Insights - Universal Digital Inc. has appointed Chase Ergen to its Advisory Board to enhance its global digital asset strategy [1][3] - Mr. Ergen brings over two decades of experience in satellite communications, 5G infrastructure, and digital asset innovation [2][3] - The appointment aligns with Universal Digital's goal of expanding institutional access to digital assets, particularly in the Asia Pacific region [4] Company Overview - Universal Digital Inc. is a Canadian investment company focused on digital assets and high-growth industries, particularly blockchain and cryptocurrencies [6] - The company aims to provide long-term capital growth through a diversified investment approach and participate in the transformation of global finance via digital asset strategies [6] Advisory Board Appointment - Chase Ergen's leadership experience includes early Bitcoin mining operations and promoting blockchain adoption [2][3] - His role is expected to support Universal Digital's engagement with individuals who have contributed to emerging financial technologies [3] Strategic Goals - The company is focused on expanding institutional access to digital assets through listed structures in the Asia Pacific [4] - There is a growing interest in corporate treasury applications of digital assets in the region, which the company aims to capitalize on [4] Compensation Details - Universal Digital has granted 75,000 restricted share units (RSUs) to Mr. Ergen as part of its Long-Term Incentive Plan, vesting over two years [5]
Universal Digital Inc. Co-Launches Double Leveraged LFG ETFs on MicroStrategy and Coinbase
Newsfile· 2025-07-02 12:10
Core Insights - Universal Digital Inc. has launched two double leveraged ETFs, MSTU and COIU, in partnership with LongPoint Asset Management, aimed at providing Canadian investors with enhanced exposure to key equities in the crypto sector [1][2][3] Group 1: ETF Launch Details - The newly launched ETFs are the first Canadian domiciled, double leveraged ETFs focused on MicroStrategy and Coinbase, providing amplified exposure to digital asset companies [1][2] - The ETFs are designed to provide 2X daily exposure to the respective U.S.-listed stocks, MicroStrategy Inc. (MSTU) and Coinbase Global Inc. (COIU) [5][6] - Both ETFs will be traded in Canadian dollars on the Toronto Stock Exchange (TSX) [1][2] Group 2: Company Vision and Strategy - The vision of Universal Digital is to bridge traditional and digital asset economies, enabling tactical access to leveraged exposure for Canadian investors [2][6] - LongPoint Asset Management emphasizes the innovative nature of these ETFs, catering to investors looking to manage short-term positions amid market volatility [2][7] Group 3: Market Position and Expertise - Universal Digital Inc. focuses on high-growth industries, particularly in blockchain and cryptocurrencies, aiming for long-term capital growth through a diversified investment approach [6] - LongPoint Asset Management boasts over 70 years of combined expertise in the ETF market, enhancing the credibility and potential success of the newly launched ETFs [7]
Universal Digital Inc. Files Preliminary Prospectus for 2X Crypto Equity ETFs
Newsfile· 2025-05-22 21:21
Core Viewpoint - Universal Digital Inc. has filed a preliminary prospectus for the launch of two new leveraged exchange-traded funds (ETFs) in partnership with LongPoint Asset Management, aimed at providing Canadian investors with amplified exposure to Coinbase and MicroStrategy [1][3][7] Group 1: ETF Details - The proposed ETFs are the LFG Daily (2X) COIN Long ETF (COIU ETF) and the LFG Daily (2X) MSTR Long ETF (MSTU ETF), designed to deliver twice the daily performance of Coinbase Global Inc. and MicroStrategy Inc., respectively [1][2] - Both ETFs will be structured as alternative mutual funds and are expected to be listed on the Toronto Stock Exchange (TSX) under the ticker symbols "COIU" and "MSTU" [2][4] - The ETFs are anticipated to be the first of their kind available for investors on a Canadian stock exchange, with significant existing investments in similar U.S. ETFs [4][5] Group 2: Partnership and Management - Universal Digital and LongPoint entered into a partnership agreement on May 21, 2025, to establish, operate, and market the ETFs in Canada, with LongPoint serving as the investment fund manager [3][5] - LongPoint brings over 70 years of combined expertise in the ETF market, focusing on compliance and operational management [10] Group 3: Market Context - There are currently over US$3.6 billion in assets invested in 2X long MSTR targeted ETFs and nearly US$850 million in 2X long COIN targeted ETFs in the U.S., indicating a strong market demand for such products [4]
Universal Digital Inc. (Formerly Minas Metals Ltd.) Announces Completion of Change of Business, Including Name Change, Ticker Symbol LFG, Strategic Acquisitions, and Divestment of Non-Core Assets
Newsfile· 2025-04-30 11:52
Universal Digital Inc. (Formerly Minas Metals Ltd.) Announces Completion of Change of Business, Including Name Change, Ticker Symbol LFG, Strategic Acquisitions, and Divestment of Non-Core AssetsApril 30, 2025 7:52 AM EDT | Source: Universal Digital Inc.Vancouver, British Columbia--(Newsfile Corp. - April 30, 2025) - Universal Digital Inc. (CSE: LFG) ("Universal Digital" or the "Company") (formerly Minas Metals Ltd.) is pleased to announce that, further to its news releases dated January 27, 2 ...