DGTL Holdings Inc. Announces Closing of Private Placement Financing
Toronto, Ontario – DGTL Holdings Inc. (TSXV: DGTL) (“DGTL” or the “Company”), a leading technology and media company specializing in digital out-of-home advertising and interactive experiences, is pleased to announce the successful closing of a non-brokered private placement financing (the “Offering”).
Offering Details
Under the terms of the Offering, DGTL issued a total of 5,544,344 common shares (each a “Share”) at a price of $.045 per share. The gross proceeds from the Offering amounted to approximately CAD $250,000.
Use of Proceeds
The net proceeds from the Offering will be used for working capital and general corporate purposes. Specifically, the funds will be allocated towards marketing initiatives, technology development, and the expansion of DGTL’s digital out-of-home advertising network.
Mandatory Trading Restriction
All securities issued pursuant to the Offering will be subject to a mandatory trading restriction period of four months and one day from the date of issuance. This means that insiders and other investors who participated in the Offering will not be able to trade their shares until August 8, 2025.
Impact on Individual Investors
For individual investors, the closing of the Offering presents an opportunity to invest in a company with a strong growth potential in the digital out-of-home advertising market. The proceeds from the Offering will be used to further develop DGTL’s technology and expand its network, which could potentially lead to increased revenue and earnings for the Company. However, investors should be aware of the mandatory trading restriction period and the inherent risks associated with investing in a small-cap company.
Impact on the World
On a larger scale, the closing of the Offering is a positive sign for the digital out-of-home advertising industry as a whole. DGTL’s continued growth and investment in technology and expansion demonstrate the growing importance of digital advertising in the marketing landscape. This trend is expected to continue as more businesses shift their marketing budgets towards digital channels, providing significant growth opportunities for companies in this sector.
Conclusion
In conclusion, DGTL Holdings Inc.’s successful closing of a CAD $250,000 private placement financing is a significant step forward for the Company as it continues to expand its digital out-of-home advertising network and develop innovative technology solutions. For individual investors, this presents an opportunity to invest in a company with strong growth potential in a growing industry. On a global scale, the trend towards digital advertising is expected to continue, making the digital out-of-home advertising industry an attractive sector for investment.
- DGTL Holdings Inc. closes CAD $250,000 private placement financing
- 5,544,344 common shares issued at $.045 per share
- Proceeds to be used for marketing, technology development, and expansion
- Mandatory trading restriction period of four months and one day
- Positive sign for digital out-of-home advertising industry
- Growing trend towards digital advertising presents investment opportunities
