Mr. Tim Chan reports
UNIVERSAL DIGITAL INC. ANNOUNCES CLOSING OF OVERSUBSCRIBED NON-BROKERED PRIVATE PLACEMENT
Universal Digital Inc. has closed the (oversubscribed) non-brokered private placement announced on May 20, 2025, issuing 3.2 million common shares at 50 cents per share and raising gross proceeds of $1.6-million. No fees, commissions or other compensation were paid or are payable in connection with the offering.
The offering remains subject to final acceptance from the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months plus one day from the closing. The company intends to use the net proceeds of the offering for general working capital purposes.
About Universal Digital Inc.
Universal Digital is a Canadian investment company focused on digital assets, businesses, and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The company aims to provide shareholders with long-term capital growth through a diversified investment approach and to participate in the transformation of global finance through the integration of digital asset strategies.
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