10:26 AM EDT, 07/09/2025 (MT Newswires) -- NextGen Digital Platforms ( NXTDF ) on Wednesday said it entered into a term sheet with an arm's-length purchaser providing for a non-brokered private placement of up to 2,000 special warrants that will raise $2 million.

The buyer of the warrants will pay in Bitcoin and/or Ethereum, which will be held by a third-party custodian, NextGen said. Each special warrant will be automatically exercised, without payment of additional consideration, into $1,000 principal amount of 10.0% secured convertible notes. Each unit will consist of one common share and one common share purchase warrant. Closing of the offering is expected to occur in the third quarter.

Shares of the company were last seen down 1.6% at $0.60 on the Canadian Securities Exchange.

Price: 0.60, Change: -0.01, Percent Change: -1.64