NextGen Digital raises $826,000 in first tranche, CEO to resign

NextGen Digital Platforms Inc. (CSE: NXT) (OTCQB: NXTDF) (FSE: Z12) completed the first tranche of its non-brokered private placement, raising $826,000 through the issuance of 2,065,000 units priced at $0.40 each.

Each unit consists of one common share and half of a transferable warrant. Whole warrants allow holders to purchase additional shares at $0.60 for 24 months from closing. The warrants include an acceleration clause that reduces the expiry period to 30 days if shares trade above $0.90 for 10 consecutive trading days.

The company paid finder's fees of $30,820 in cash and issued 57,050 finder's warrants exercisable at $0.40 per share for 24 months. All securities are subject to a four-month-plus-one-day statutory hold period.

NextGen plans to use proceeds for corporate development, marketing, and general working capital. The company anticipates closing additional tranches in the coming weeks.

Separately, NextGen announced that CEO Matthew Priebe will resign effective December 5, 2025, to pursue other opportunities. The Vancouver-based company operates as a fintech and digital asset firm with exposure to Web3 technologies and blockchain infrastructure, and runs the e-commerce platform PCSections.com and a hardware-as-a-service business called Cloud AI hosting.

The information is based on a company press release statement.

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