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 Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025.
The offering was to a single new fundamental institutional investor
Cash position is now over U.S. $30 million with no debt
MIAMI, July 23, 2025 (GLOBE NEWSWIRE) -- Digi Power X Inc. ("DGXX" or the "Company") (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 "Offering"), 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.
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.
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.
Titan Partners Group, a division of American Capital Partners ("Titan"), acted as the sole placement agent for the offering.
Key Highlights:
U.S.$15 million equity financing at U.S.$3.12 per share
The offering was to a new single fundamental institutional investor
Strengthened DGXX's balance sheet to over U.S.$30 million in cash and cash equivalents and no long-term debt
Expected Use of Proceeds:
Expand deployment of NeoCloud Tier 3 AI infrastructure powered by NVIDIA B200 and B300 chips
Accelerate manufacturing and global distribution of ARMS 200 pods
Execute strategic joint ventures and PPA-backed energy deployments
Support operating runway and non-dilutive financing initiatives
Titan received a cash commission representing 7% of the gross proceeds from the Offering and 240,385 purchase warrants, with each warrant exercisable for one share at a price of US$3.588 per share commencing on January 17, 2026 ...
