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Neptune Digital Assets Corp
Symbol NDA
Shares Issued 126,971,096
Close 2025-01-21 C$ 1.65
Market Cap C$ 209,502,308
Recent Sedar Documents

Neptune Digital obtains $20M (U.S.) credit facility

2025-01-21 16:55 ET - News Release

Mr. Cale Moodie reports

NEPTUNE APPROVED FOR UP TO US$20 MILLION (28.6M CAD) CREDIT FACILITY FOR GROWTH

Neptune Digital Assets Corp. has established a strategic borrowing relationship with Sygnum Bank, a global digital asset banking group. Neptune has been approved for a credit facility of up to $20-million (U.S.).

The company intends to use the funds to expand and purchase bitcoin and other crypto-related assets, in addition to supporting strategic investments. The loan will be secured against the company's bitcoin holdings.

"We are thrilled to secure this growth capital through our collaboration with Sygnum Bank. The loan is structured to give us ample flexibility while maintaining Swiss banking protections over the bitcoin collateral. At this pivotal stage in our development, the $20-million (U.S.) positions us to expand our digital asset portfolio, pursue strategic investments and strengthen our balance sheet -- without diluting shareholders through equity issuance," stated Cale Moodie, Neptune's chief executive officer.

"We are excited to support Neptune in expanding its broad digital asset portfolio," said Benedikt Koedel, head of credit and lending at Sygnum Bank. "With this collaboration, we continue to support the growth of the crypto ecosystem in a secure and regulated environment."

About Neptune Digital Assets Corp.

Neptune Digital is one of the first publicly traded blockchain companies in Canada, and is at the forefront of the cryptocurrency and blockchain landscape. Neptune engages in operations across the digital asset ecosystem, including bitcoin mining, proof-of-stake mining, blockchain nodes, decentralized finance and other associated cutting-edge technology. Its unwavering commitment to innovation and strategic growth enables it to continually explore new opportunities and maximize value for its shareholders.

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