Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

DIGITALX LIMITED Capital/Financing Update 2021

Oct 5, 2021

64762_rns_2021-10-05_ef392d28-dbd3-495d-a870-50f248fa0d1a.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [109 x 36] intentionally omitted <==

ASX ANNOUNCEMENT 6 OCTOBER 2021 DIGITALX COMMENCES TRADING ON US OTCQB MARKET

DigitalX Limited (ASX: DCC, OTCQB: DGGXF) (“ DigitalX ” or the “Company” ) is pleased to announce its upgrade from trading on the Pink Market to the OTCQB market in the United States.

Follow completion of the successful capital raising of $A8.8m (before costs) in March 2021 from U.S. sophisticated investors, the Company has been investigating its dual listing strategy in the US. Upgrading to the OTCQB offers the Company the opportunity to further build visibility, expand liquidity and further diversify its shareholder base in the US which has shown a deep understanding of blockchain and blockchain related companies with the companies like Coinbase (NASDAQ: COIN), Marathon Digital (NASDAQ:MARA), Riot Blockchain (NASDAQ:RIOT) and Microstrategy (NASDAQ: MSTR) all completing significant raisings, like DigitalX, during the last twelve months to further advance their blockchain related business or to acquire digital assets on balance sheet.

The OTCQB is operated by OTC Market Group, Inc. in New York, on which over 11,000 U.S. and global securities trade. Upgrading to the OTCQB Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilise their home market reporting to make their information available in the U.S. To qualify for OTCQB, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

Trading commenced on the OTCQB market on 5 October 2021. The Company will continue to have its primary listing on the Australian Securities Exchange ( ASX ).

The Company confirms that admission to the OTCQB is non-dilutive because no additional capital is required to be raised and no new shares will be issued in conjunction with inclusion on the OTCQB.

Viriathus Capital LLC acted as the Company’s OTCQB advisor and Sichenzia Ross Ference LLP acted as the Company’s OTCQB sponsor.

-Ends-

Authorised by the Board of Directors of DigitalX Limited.

For further information, please contact:

DigitalX Limited

Jonathon Carley Acting Chief Operating & Chief Financial Officer

E: [email protected]

DigitalX Limited | 59 009 575 035 | Suite 1, Level 2, 66 Kings Park Road West Perth WA 6005 | www.digitalx.com

==> picture [109 x 36] intentionally omitted <==

About DigitalX

DigitalX Limited (ASX: DCC, OTCQB: DGGXF) is a technology and investment company focused on blockchain consulting, digital asset funds management, and RegTech. DigitalX’s consulting division designs and develops blockchain technology applications for business and enterprise organizations. Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin. DigitalX is currently commercialising Drawbridge, the Company’s first RegTech solution that supports listed companies in better managing their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.

www.digitalx.com | https://digitalx.fund/ | www.opendrawbridge.io | www.sellmyshares.com.au

DigitalX Limited | 59 009 575 035 | Suite 1, Level 2, 66 Kings Park Road West Perth WA 6005 | www.digitalx.com