NEXTGEN DIGITAL ANNOUNCES CLOSING OF FIRST TRANCHE OF PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING AND PROVIDES UPDATE ON STOCK SPLIT

Fredericton, New Brunswick, January 23, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT) (FSE:Z12) (“Subsequent Gen‘or the’Firm“) is happy to announce, additional to the press launch dated January 10, 2025, that the Firm has accomplished the primary tranche (the “First tranche”) of its beforehand introduced non-brokered non-public placement financing (the “To supply”). Pursuant to the First Tranche, the Firm issued 633,750 models of the Firm (the “Models“), at a worth of $1.28 per unit for gross proceeds of $811,200.

Every Unit consists of 1 odd share within the capital of the Firm (a “Half“) and one transferable warrant for the acquisition of frequent shares (a “Deposit”). Every Warrant entitles the holder to buy one further Share at an train worth of $1.60 for a interval of 24 months from the date of issuance.

In reference to the primary tranche, the Firm paid finders’ charges to eligible finders consisting of $31,848 in money and 24,631 frequent inventory buy warrants (the “Finder’s orders”). Every Finder’s Warrant could also be exercised to amass one Share at an train worth of $1.60 for a interval of 24 months from the date of issuance.

The Firm will use the online proceeds from the Providing for enterprise growth, advertising and marketing and normal working capital. All securities issued in reference to the First Tranche are topic to a statutory maintain interval of 4 months plus in the future from the date of issuance in accordance with relevant securities legal guidelines, ending on Could 24, 2025.

The Firm plans to finish a second tranche of the Providing within the coming weeks.

The Firm can also be happy to announce, additional to its press launch dated December 20, 2024, that the Firm has acquired approval from the Canadian Securities Change (“CSE“) for the proposed demerger of its Shares on the premise of two (two) post-demerger shares for every issued and excellent pre-demerger share (the “Break up half”). Presently, the corporate’s identify and inventory image are anticipated to stay unchanged following the inventory break up. The Share Break up will develop into efficient on a report date to be introduced in the end and after the closing of the ultimate tranche of the Providing.

This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase securities in the US nor shall there be any sale of the securities in any jurisdiction during which such supply, solicitation or sale can be illegal. The securities supplied haven’t been, and won’t be, registered below the 1933 Act or the securities legal guidelines of the US and is probably not supplied or offered in the US absent registration or an relevant exemption from the registration necessities of the 1933 regulation. Act, as amended, and relevant state securities legal guidelines.

About NextGen Digital Platforms Inc.

NextGen Digital Platforms Inc. is listed on the Canadian Securities Change. The corporate presently operates the e-commerce platform PCsections.com (“PIECES“) and a hardware-as-a-service firm that powers the synthetic intelligence trade known as cloud AI internet hosting (“Cloud AI internet hosting”). Each PCS and Cloud AI Internet hosting had been developed in-house by NextGen. The corporate additionally plans to democratize entry to cryptocurrencies by providing traders publicity to a diversified basket of digital property by a regulated public automobile. Every now and then, the Firm additionally plans to guage, purchase or develop different microtechnology platforms.

For extra info:

Alexander Tjiang, interim director
(416) 300-7398
https://nextgendigital.ca/
‎information@nextgendigital.ca

The CSE accepts no accountability for the adequacy or accuracy of this launch.

This press launch comprises “forward-looking info” that’s topic to plenty of assumptions, dangers and uncertainties, a lot of that are past the corporate’s management. Ahead-looking statements could embody, however will not be restricted to, statements relating to the completion of the Providing on the phrases described herein and the completion of the Inventory Break up or in any respect, and the usage of proceeds and obtainable funds subsequent to the completion of the Providing, and are topic to all dangers and uncertainties usually related to such occasions. Buyers are cautioned that such statements will not be ensures of future occasions and that precise occasions or developments could differ materially from these projected within the forward-looking statements. Such forward-looking statements signify administration’s greatest judgment based mostly on presently obtainable info. No securities regulatory authority has authorized or disapproved the contents of this press launch. The Firm undertakes no obligation to publicly replace or in any other case revise any forward-looking statements besides as required by regulation.