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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 2.83millionthroughtheissuanceofspecialwarrantsandcommonshares[1][3].Group1:OfferingDetails−Thethirdtrancheinvolvedtheissuanceof2,468,032specialwarrantsatapriceof2.83 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].−Intotal,thecompanyissued8,979,498specialwarrantsand440,000commonsharesduringtheentireoffering,resultingintotalgrossproceedsof740,409.74 [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 54,712.01incashandissued162,533Finder′sWarrantsaspartoftheoffering[3].Group2:SpecialWarrantsConversion−Eachspecialwarrantwillautomaticallyconvertintoonecommonsharewithoutadditionalconsideration,eitherthreebusinessdaysafterfilingaprospectussupplementorfourmonthsandonedayaftertheoffering′sclosing[4].−Thecompanyaimstofiletheprospectussupplementwithin60daysoftheoffering′sclosing,althoughthereisnoguaranteethiswilloccurbeforethestatutoryholdperiodexpires[5].Group3:UseofProceeds−Thenetproceedsfromtheofferingwillbeutilizedforcorporatedevelopment,marketing,andgeneralworkingcapital[6].Group4:MarketingAgreement−ThecompanyhasenteredintoamarketingagreementwithAlphaCollectiveInc.fordigitalmarketingservices,withacashfeeof54,712.01 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].