DGTL Holdings Inc. to Launch into TikTok and Snapchat Markets Through Non-Brokered Financing
25 11월 2020 - 11:00PM
via InvestorWire – DGTL Holdings
Inc. (“
DGTL” or the “
Company”)
(TSXV: DGTL) (Frankfurt: A2QB0L) today reports plans to develop the
software of its wholly owned subsidiary, Hashoff LLC, to service
the fastest-growing multimedia social media application markets. In
doing so, DGTL will fund the software development of the Hashoff
SaaS (software-as-a-service) technology platform to service digital
media platforms such as TikTok, Snapchat, Twitch, Triller, Reels
and others with a private placement non-brokered financing.
This software development project is a key
element that supports the original Hashoff share exchange
agreement, which requires Hashoff to meet or exceed an annual sales
revenue milestone of up to USD $8 million on or before June 30 ,
2023, in order to receive 100% of the remaining cash payments.
The project is in direct response to the growing
demands from prospective and existing clients to extend the Hashoff
platform into video-based application. TikTok is ranked as the top
downloaded mobile application on both Apple’s iOS App Store as well
as the Google Play platform. With hundreds of millions of active
users in 155 countries and 75 languages, TikTok has grown 550% in
just the last 18 months in terms of the number of U.S.-based adults
that are active on the app.i
In order to expedite this key development
project, DGTL intends to fund software engineering costs via a
non-brokered private placement financing (the
"Offering") of common shares. Pursuant to the
Offering, the Company intends to issue up to 2,857,000 common
shares (the “Shares”) at a price of $0.35 per
Share, for aggregate gross proceeds of up to $1 million.
A finder's fee in shares, cash, warrants or a
combination of all may be payable in connection with this
placement, which will not exceed the maximum allowable under the
policies of the TSX Venture Exchange. The Offering and finder's fee
are subject to completion and execution of appropriate
documentation and acceptance for filing by the TSX Venture
Exchange.
Completion of the Offering is subject to receipt
of TSX-V approval and other requisite approvals. All of the
securities issuable in connection with the Offering will be subject
to a hold period expiring four months and one day after the date of
issuance.
About DGTL Holdings Inc.
DGTL Holdings Inc. acquires and accelerates
innovative and disruptive digital media and advertising technology
companies, powered by artificial intelligence. DGTL (i.e., Digital
Growth Technologies and Licensing) specializes in accelerating
fully commercialized enterprise-level SaaS (software-as-a-service)
companies via a blend of unique capitalization structures. DGTL
Holdings Inc. trades its common shares on the TSX Venture exchange
under the symbol “DGTL.” The Company has additionally filed an
application to list its shares on the OTC Venture Market, and its
OTC ticker is reserved.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Forward-Looking Statements
Certain statements included herein constitute “forward-looking
statements” within the meaning of applicable securities laws. These
statements may relate to the Company’s future financial outlook and
anticipated events or results and include, but are not limited to,
the expansion of its industry, its 2020 outlook, expectations
regarding the Company’s new customer acquisitions and management of
operating expenses the effect these factors will have on its growth
and profitability. Forward-looking statements are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by management at this time, are inherently subject to
significant business, economic and competitive uncertainties and
contingencies. Investors are cautioned not to put undue reliance on
forward-looking statements. Many factors could cause the Company’s
actual results, level of activity, performance or achievements or
future events or developments to differ materially from those
expressed or implied by the forward-looking statements, including,
without limitation, the factors discussed in the “Risk Factors”
section of the Company’s management discussion and analysis dated
October 30, 2020 for the fiscal quarter ended August 31, 2020 (the
“MD&A”). A copy of the MD&A and the Company’s other
publicly filed documents can be accessed under the Company’s
profile on the System for Electronic Document Analysis and
Retrieval (“SEDAR”) at www.sedar.com. The Company cautions that the
list of risk factors and uncertainties described in the MD&A is
not exhaustive and other factors could also adversely affect its
results. Readers are urged to consider the risks, uncertainties and
assumptions carefully in evaluating the forward-looking information
and are cautioned not to place undue reliance on such information.
Except as required by law, DGTL does not intend, and undertakes no
obligation, to update any forward-looking statements to reflect, in
particular, new information or future events.
For more information, visit https://dgtlinc.com or
contact:
Investor RelationsJohn
Belfontaine, Director
Email: IR@dgtlinc.com Phone: +1 (877)
879-3485
Wire Service Contact InvestorWire (IW) Los
Angeles, California www.InvestorWire.com 212.418.1217 Office
Editor@InvestorWire.com
DGTL (TSXV:DGTL)
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