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Digi Power X Establishes US$100 Million at-the-Market Equity Program to Accelerate Growth
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 Establishes US$100 Million at-the-Market Equity Program to Accelerate Growth\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 MIAMI, May 30, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. (“\n \n Digi Power X\n \n ” or the “\n \n Company\n \n ”) (Nasdaq: DGXX / TSXV: DGX), a vertically integrated power infrastructure company focused on developing cutting-edge data centers for high-performance computing, is pleased to announce that it has entered into an at-the-market sales agreement (the “\n \n ATM Agreement\n \n ”) with A.G.P./Alliance Global Partners (the “\n \n Agent\n \n ”).\n \n\n\n At-the-Market Offering\n \n\n\n Pursuant to the ATM Agreement, the Company and the Agent will implement an “at-the-market” equity offering program, under which the Agent may issue and sell from time to time such number of subordinate voting shares of the Company (the “\n \n SV Shares\n \n ”) having an aggregate offering price of up to US$100 million (the “\n \n ATM Equity Program\n \n ”). A cash commission of up to 3.0% on the aggregate gross proceeds raised under the ATM Equity Program will be paid to the Agent in connection with its services. The facility is intended as a flexible capital access tool to support Digi Power X’s strategic roadmap. The Company intends to use the net proceeds of the ATM Equity Program, if any, primarily for general corporate purposes, including funding ongoing operations and/or working capital requirements, completing construction on the Company’s data center, repaying indebtedness outstanding from time to time and completing potential acquisitions to expand mining capacity.\n \n\n “This filing ensures we have access to low-cost growth capital only if and when needed,” said Michel Amar, Chief Executive Officer of Digi Power X. “We are operating from a position of strength—debt-free, with solid cash reserves—and remain focused on scaling our AI-ready Modular Solution platform in collaboration with Super Micro, as previously announced.”\n \n\n Since the SV Shares will be distr...