DigiMax Closes $5.1 Million Financing, Sees Strong Subscriber Growth For Crypto App
On Friday Evening, DigiMax Global Solutions (CSE: DIGI) announced the closing of its final tranche of its non-brokered private placement. Gross proceeds of $3.0 million were raised within the tranche, bringing total proceeds from the financing to $5.1 million.
Under the terms of the offering, units were sold at a price of $0.35, with each unit containing one common share and one full warrant of the issuer. Each warrant is valid for a period of two years and contains an exercise price of $0.45 per share.
The company also identified that it has seen strong initial success with its CryptoDivine.ai digital currency price trend app. Launched on Thursday, by Friday evening the platform had 561 subscribers out of an initial 3,400 visits to the website. The platform also averages 114 active users each minute of a 24 hour day. The success of the platform thus far follows no marketing effort being made by the company for the platform, with marketing not set to begin until the second week of March.
DigiMax last traded at $0.395 on the CSE.
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