Spetz Inc. Closes First Tranche of $10M Private Placement

DigiMax Global Inc. ( (TSE:SPTZ) ) has shared an announcement.

Spetz Inc. has successfully closed the first tranche of its $10 million non-brokered private placement, raising over $7.35 million. The funds will be used for general working capital, validator expansion, and growth initiatives within the blockchain infrastructure sector. The company aims to acquire Sonic tokens, launch validator infrastructure, and deploy capital into DeFi strategies within the Sonic ecosystem. The private placement received strong support from notable investors, including Canaccord Genuity Financial and Sonic Labs. Additional closings are expected by June 23, 2025, with potential gross proceeds of up to $2.65 million. A related party transaction involved Michael Kron, a director of Spetz, who purchased 100,000 units, highlighting transparency and adherence to securities regulations.

More about DigiMax Global Inc.

Spetz Inc. is a multinational technology company that operates at the intersection of AI-driven marketplaces and blockchain infrastructure. It owns and operates the Spetz application, an AI-powered platform that connects consumers with service providers, and Sonic Strategy, a blockchain staking and infrastructure company supporting the Sonic ecosystem.

Average Trading Volume: 56,288

Technical Sentiment Signal: Hold

Current Market Cap: C$5.44M

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