Vancouver, British Columbia, November 7, 2025 (GLOBE NEWSWIRE) — NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) (“Next generation” or “Company“) announces in addition to its press release dated October 6, 2025 that the Company has completed the first tranche (“First tranche“) previously announced non-brokered private placement of shares (“OfferPursuant to the First Tranche, the Company issued 2,065,000 shares of the Company (“Units“) at a price of $0.40 per unit for gross proceeds of $826,000.
Each Share will consist of one ordinary share in the capital of the Company (“Share“) and one-half of the transferred order to purchase common shares (“Order“). Each whole warrant entitles the holder to purchase one additional Share at a price of US$0.60 for a period of 24 months from the closing of the Offering.
Warrants are subject to an accelerated expiration provision, such as if within any ten (10) consecutive trading days (“Premium trading days“) during the unexpired term of the Warrants, the closing price of the Common Shares exceeds $0.90, the expiration date will be accelerated to 30 calendar days (“”Acceleration clause“) The activation of the acceleration clause will be announced in a press release and the 30-day period will begin seven days after the last premium trading day.
In connection with the first tranche, the Company paid awardees an award of $30,820 in cash and 57,050 common stock purchase warrants (“Seeker's GuaranteesEach Finder warrant is exercisable to purchase one common share of the Company at an exercise price of $0.40 per share for a period of 24 months.
The Company expects to close one or more additional tranches of the Offering in the coming weeks.
All securities issued in connection with the Offering will be subject to a statutory hold period of four months plus one day in accordance with applicable securities laws.
The Company will use the net proceeds from the Offering for corporate development, marketing and general working capital.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, nor is there any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities offered have not been and will not be registered under the 1933 Act or any state securities laws of the United States and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, as amended, and applicable state securities laws.
Resignation of the General Director
The company also announces that, effective December 5, 2025, Matthew Priebe will step down as CEO of the company to pursue other opportunities. The company would like to thank Mr. Priebe for his contributions to the company.
About NextGen Digital Platforms Inc.
NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) is a publicly listed financial technology and digital assets company that provides investors with access to a diversified portfolio of Web3 technologies, blockchain infrastructure and digital assets. The company is committed to developing innovative financial structures that fit the future of decentralized finance, while prioritizing transparency, compliance and shareholder value creation. NextGen also operates PCSections.com, an e-commerce platform and hardware-as-a-service business supporting the artificial intelligence sector called AI cloud hosting.
For more information:
Ajay Toor, CFO
(778)706-6104
https://nextgendigitalplatforms.com/
[email protected]
CSE assumes no responsibility for the adequacy or accuracy of this release.
This press release contains “forward-looking information” that is based on a number of assumptions, risks and uncertainties, many of which are beyond the Company's control. Forward-looking statements may include, but are not limited to, statements regarding the completion of the Offering on the terms described herein or generally and the use of proceeds and available funds following completion of the Offering and are subject to all risks and uncertainties typically inherent in such events. Investors are cautioned that any such statements are not guarantees of future events and that actual events or developments may differ materially from those projected in the forward-looking statements. These forward-looking statements represent management's best judgment based on information currently available. No securities regulatory authority has approved or disapproved of the contents of this press release. The Company undertakes no obligation to publicly update or otherwise revise any forward-looking statements except as required by law.
