02:22 PM EDT, 07/29/2025 (MT Newswires) -- Digital Asset Technologies ( DGTEF ) on Tuesday rose 9.5% after it said it intends to complete a non-brokered private placement of convertible-debenture units to raise up to $3 million.

The offering will place 3,000 convertible-debenture units at $1,000 apiece, with proceeds expected to be used to fund its unit, LiquidLink AI, in developing a high-liquidity Lightning Network infrastructure. A portion of the proceeds may be allocated to marketing and general working capital purposes.

The company said each two-year convertible-debenture unit consists of a $1,000 principal amount of 10.0% unsecured convertible debentures, convertible into shares priced at $0.25 apiece, and each 2,000 two-year warrants will be exercisable to buy a share for $0.40 apiece.

Shares of the company were last seen up $0.01 at $0.115 on the Canadian Securities Exchange.

Price: 0.12, Change: +0.01, Percent Change: +9.52