March 04, 2021
1 min read

DigitalX (ASX:DCC) raises $8.8M for growth

DigitalX Limited (the Company), the first ASX-listed Bitcoin-related company, is pleased to announce that it has completed its Placement to U.S. institutional investors, raising a total of$8,816,684 (before costs).

Placement to U.S. institutional investors (1)

The Company intends to use the net proceeds from the Placement to accelerate growth in its business, including the ongoing promotion of its Bitcoin and digital asset investment funds and the rollout of its new RegTech product for publicly traded companies and general working capital purposes.

The Company has today issued 97,963,164 shares at a price of $0.09. In addition to the new shares, the Company issued 55,839,003 warrants. 48,981,582 warrants have been issued to investors in the Placement, exercisable at of $0.10 each and expiring on 8 March 2024. A further 6,857,421 warrants were issued as part consideration for capital raising services in relation to the Placement, exercisable at $0.1125 each and expiring on 8 March2024.*

Leigh Travers, Executive Director of DigitalX commented “We are pleased to complete the Placement and to welcome the support from our new U.S. institutional investors to the register. We look forward to accelerating our growth plans with this significant capital base”.

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