NEXTGEN DIGITAL CLOSES SECOND TRANCHE OF THE NON-BROKERED PRIVATE PLACEMENT OF SPECIAL WARRANTS AND COMMON SHARES

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Fredericton, New Brunswick, May 16, 2025 (GLOBE NEWSWIRE) -- NextGen Digital Platforms Inc. (CSE:NXT) (OTCQB:NXTDF) (FSE:Z12) (“NextGen” or the “Company”) announces, further to its news releases of April 1, 2025 and April 29, 2025, and May 8, 2025, that the Company has completed the second tranche (the “Second Tranche”) of its previously announced non-brokered private placement (the “Offering”). Pursuant to the Second Tranche, the Company issued 3,393,100 special warrants (the “Special Warrants”) and 440,000 common shares (the “Common Shares”) (collectively, the “Securities”) at the price of $0.30 per Security for gross proceeds of $1,149,930.10.

The Company plans to complete a third and final tranche of the Offering next week.

In connection with the Second Tranche, the Company paid finder’s fees to eligible finders consisting of $41,845.31 in cash and 131,244 common share purchase warrants (the “Finder’s Warrants”). Each Finder’s Warrant is exercisable to acquire one common share of the Company at an exercise price of $0.30 per share for a period of 24-months.

Each Special Warrant will automatically convert, for no additional consideration, into one common share in the capital of the Company (a “Share”) on the date that is the earlier of: (i) the date that is three business days following the date on which the Company files a prospectus supplement to a short form base shelf prospectus with the securities commissions qualifying distribution of the Shares underlying the Special Warrants (the "Prospectus Supplement"), and (ii) the date that is four months and one day after the closing of the Offering.

The Company will use its commercially reasonable efforts to file the Prospectus Supplement within 60 days of the closing of the Offering (not including the date of closing), provided, however, that there is no assurance that a Prospectus Supplement will be filed with the securities commissions, prior to the expiry of the statutory four month hold period.

All securities issued in connection with the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation ending on September 17, 2025.

The Company will use the net proceeds from the Offering for corporate development, marketing, and general working capital.

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