DigitalAMN's Board Approves $7.5M Reg. D 506(c) Offering to Continue Growing the Company's "Impact Value" Investing Model

DigitalAMN Seeks to Raise Capital From Accredited Investors with Preferred CC Stock Convertible at $0.35 or Greater, to Accelerate the Value Potential of its Trademarked PAI^® Program, Increase its Asset Portfolio, Grow Ventures and Complete Acquisitions

NEW YORK, NY / ACCESSWIRE / August 8, 2023 / Digital Asset Monetary Network, Inc. ("DigitalAMN", "DAMN", or "the Company") (OTC PINK:DATI), a Public Accelerator-Incubator ("PAI^®"), formally announced that the Board of Directors have approved its plans for a $7.5 Million Regulation D 506(c) ("Reg. D") offering, for Accredited investors, using Preferred CC Stock, priced at $50 per share and convertible at $0.35 or greater.

The anticipated funds raised will be used to (i) accelerate the rollout and growth of DigitalAMN's trademarked PAI^® Program (ii) make additional investments into promising ventures such as portfolio company, Dot Hip Hop, LLC. - the domain registry for the Top-Level Domain ("TLD") extension, .HipHop, (iii) complete pending acquisitions in business ventures such as the real-time digital music collaboration platform, Melos Studio, LLC., (iv) continue the development of the Company's own internal Intellectual Properties ("IP"), and (v) launch a marketing and communication campaign to bring visibility to the Company's three key divisions: (a) The PAI^®, (b) Digital Asset Management ("DAM"), and (c) Business Management Administration ("BMA").

The terms of the Offering will be in the form of Preferred CC Shares ("Shares") with a total offering of 173,000 Shares which will be priced at $50 per Share, totaling potential maximum gross proceeds of $8.65M. The Shares will convert at (i) the greater of a minimum stock price of $0.35 or a 35% discount if the stock price is $1.25 or more, and (ii) a mandatory stock price of $3.50 and/or at the end of 24 months. The Offering has a coupon rate of 8% annually (for 24 months), 2x voting coverage, and Cash Warrants, having a per share exercise price of $2.00.

These Shares are not registered under the Securities Act and can only be purchased in the Offering by accredited investors in accordance with the applicable rules and provisions under Regulation D, Rule 506(c) of the Securities Act.

Accredited investors looking to participate in the Company's Reg D [506(c)] offering, are invited to access the comprehensive one-page summary at: www.digitalamn.com/invest prior to requesting the Reg. D deck or other offering documents.