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NextGen Digital Announces Private Placement of Special Warrants Convertible into Secured Digital Asset-Backed Notes
Globenewswire· 2025-07-09 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has announced a non-brokered private placement of up to 2,000 special warrants for gross proceeds of up to C$2,000,000, funded through the contribution of Bitcoin and/or Ethereum by an arm's-length purchaser [1][2][11] Group 1: Offering Details - The Offering will consist of up to 2,000 special warrants, with gross proceeds expected to reach C$2,000,000 [1] - Each special warrant will automatically convert into $1,000 principal amount of 10.0% secured convertible notes upon certain conditions [3] - The notes will mature one year from issuance and bear interest at a rate of 10.0% per annum, payable at maturity either in cash or in units of the company [4] Group 2: Structure of Securities - Each unit will consist of one common share and one common share purchase warrant, with the warrant exercisable at a 25% premium to the conversion price [5] - Holders of the notes may convert the principal amount into units at the conversion price or receive the digital assets contributed upon subscription [6] - The digital assets will be held in segregated custody and will not be used or encumbered by the company prior to maturity [7] Group 3: Regulatory and Closing Conditions - The Offering will rely on available prospectus exemptions and all securities issued will be subject to a four-month hold period under Canadian securities laws [8] - Closing of the Offering is contingent upon necessary corporate and regulatory approvals, with an expected closing in Q3 2025 [9] Group 4: Strategic Importance - This Offering and partnership with the purchaser represent a key milestone in the company's long-term strategy, establishing a Bitcoin treasury and expanding into the digital asset ecosystem [10][11]
NextGen Digital Files Preliminary Short Form Base Shelf Prospectus
Globenewswire· 2025-06-11 11:30
Core Viewpoint - NextGen Digital Platforms Inc. has filed a preliminary short form base shelf prospectus to enhance financial flexibility, allowing potential future offerings of securities up to an aggregate price of $20 million over a 25-month period [1][2][3]. Group 1: Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform called PCSections.com and a hardware-as-a-service business for the artificial intelligence sector known as Cloud AI Hosting, both developed in-house [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]. - NextGen also plans to evaluate and potentially acquire or develop other micro-technology platforms [5]. Group 2: Financial Flexibility and Offerings - The preliminary base shelf prospectus allows the company to offer common shares, warrants, subscription receipts, debt securities, units, or any combination thereof [3]. - The specific terms of any future offerings, including the use of proceeds, will be detailed in a shelf prospectus supplement filed with Canadian securities regulatory authorities [3].
NextGen Digital Expands Cloud AI Hosting & Digital Infrastructure Operations & Provides Corporate Update
Globenewswire· 2025-06-05 11:30
Core Insights - NextGen Digital Platforms Inc. has expanded its fleet of computing workstations for its Cloud AI Hosting business, which has started generating revenue [1][2] - The addition of three new high-performance Nvidia GPU workstations increases the total active GPU fleet to five, enhancing operational cash flows and demand capture in the AI computing sector [2] - NextGen aims to expand into the digital asset ecosystem, including cryptocurrency mining and blockchain infrastructure, leveraging its existing expertise and asset base [3] Company Overview - NextGen Digital Platforms Inc. operates an e-commerce platform (PCSections.com) and a hardware-as-a-service business (Cloud AI Hosting) focused on the AI sector, both developed in-house [4] - The company plans to democratize access to cryptocurrencies by providing exposure to a diversified basket of digital assets through a regulated public vehicle [4] - NextGen is also considering the evaluation and acquisition of other micro-technology platforms to enhance its operational segments [4]
NEXTGEN DIGITAL ANNOUNCES ADDITION OF DIGITAL ASSET VETERAN MATT ZAHAB TO BOARD OF DIRECTORS AND ADDITIONAL CHANGES
Globenewswire· 2025-05-26 11:30
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].
NEXTGEN DIGITAL CLOSES THIRD AND FINAL TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS AND COMMON SHARES
Globenewswire· 2025-05-23 23:57
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].
NEXTGEN DIGITAL CLOSES SECOND TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS AND COMMON SHARES
Globenewswire· 2025-05-16 22:00
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]