07:27 AM EDT, 05/26/2025 (MT Newswires) -- NextGen Digital Platforms ( NXTDF ) said over the weekend that it completed the third and final tranche of its previously announced private placement, raising $740,410.

Under the third tranche, NextGen issued 2,468,032 special warrants at $0.30 apiece. Each special warrant will automatically convert into one common share three business days after the company files a prospectus supplement to a short form base shelf prospectus, or four months and one day after closing of the offering, whichever is earlier.

In total, NextGen issued 8,979,498 special warrants and 440,000 common shares at $0.30 per security for total gross proceeds of about $2.8 million. The company said it plans to use the proceeds for corporate development, marketing, and general working capital.

NextGen's share price slumped 8.3% on Friday to $0.55 on the CSE.