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Digi Power X Announces Closing of $15 Million Registered Direct Offering of Common Stock
This news release constitutes a “designated news release” for the purposes of the C...
About this update from Digi Power X Inc.
[{"type":"text","content":"Digi Power X Announces Closing of $15 Million Registered Direct Offering of Common Stock\n\n\n\n\n This news release constitutes a “designated news release” for the purposes of the Company’s prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025.\n \n\n\n\n\n The offering was to a single new fundamental institutional investor\n \n\n\n\n Cash position is now over U.S. $30 million with no debt\n \n\n\n\n MIAMI, July 23, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“\n \n DGXX\n \n ” or the “\n \n Company\n \n ”) (Nasdaq: DGXX / TSXV: DGX), a vertically integrated AI and digital infrastructure company, today announced the closing its previously announced registered direct offering of 4,807,693 shares of common stock (or pre-funded warrants in lieu thereof) at an offering price of U.S.$3.12 per share (the “\n \n Offering\n \n ”), resulting in gross proceeds of approximately U.S.$15 million before deducting placement agent fees and other expenses payable by the Company. The closing of the Offering occurred on July 23, 2025.\n \n\n The Offering was to a single new fundamental institutional investor, underscoring a growing interest in DGXX's scalable AI infrastructure strategy, including its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure.\n \n\n The completion of the Offering resulted in DGXX holding over U.S.$30 million in cash and cash equivalents, with zero long-term debt on its balance sheet.\n \n\n Titan Partners Group, a division of American Capital Partners (“\n \n Titan\n \n ”), acted as the sole placement agent for the offering.\n \n\n Key Highlights:\n \n\n\n U.S.$15 million equity financing at U.S.$3.12 per share\n \n\n The offering was to a new single fundamental institutional investor\n \n\n Strengthened DGXX's balance sheet to over U.S.$30 million in cash and cash equivalents and no long-term debt\n \n\n\n\n Expected Use of Proceeds:\n \n\n\n Expand deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips\n \n\n Accelerate manufacturing and global distribution of ARMS 200 pods\n \n\n Execute strategic joint ventures and PPA-backed energy deployments\n \n\n Support operating runway and non-dilutive financing initiatives\n...