Titan Partners Group LLC, a division of American Capital Partners, has successfully led a $15 million registered direct offering for Digi Power X Inc. (NASDAQ: DGXX / TSX.V: DGX), a company specializing in AI and digital infrastructure. The offering, which includes 4,807,693 shares of common stock or pre-funded warrants at $3.12 per share, was sold to a single new fundamental institutional investor. This financial move is set to bolster DGXX's global expansion efforts, particularly for its NeoCloud GPU-as-a-Service platform, and the manufacturing and distribution of ARMS 200 Tier 3 modular data center pods. Additionally, the proceeds will support strategic energy-backed deployments. Post-closure, DGXX anticipates holding over $30 million in cash, free from long-term debt, with the offering expected to finalize around July 22, 2025, pending approval from the TSX Venture Exchange and meeting customary conditions.
The significance of this offering lies in its potential to accelerate DGXX's position in the competitive AI and digital infrastructure landscape. By securing substantial funding, DGXX is poised to enhance its technological offerings and expand its market reach, which could have far-reaching implications for the tech industry and investors alike. For more details on the offering, visit https://ibn.fm/BhO5M.
