Corporate ActionMay 8, 2026, 05:26 PM
Digi Power X Upsizes ATM Offering to $175M
AI Summary
Digi Power X Inc. announced the upsizing of its at-the-market (ATM) equity offering program by an additional $100 million, bringing the total potential offering to $175 million. The company filed a prospectus supplement with the SEC to facilitate this increase. The net proceeds from the ATM program are intended for general corporate purposes, including funding operations, completing data center construction, repaying debt, and making potential acquisitions to expand power infrastructure and build out its AI and HPC network.
Key Highlights
- At-the-market (ATM) equity offering program upsized by $100 million.
- Total ATM program now allows for the sale of up to $175 million in subordinate voting shares.
- Proceeds will be used for general corporate purposes, including funding ongoing operations and working capital.
- Funds will complete construction on the Company’s Tier 3 data center facilities.
- Proceeds are also intended for repaying indebtedness and funding potential acquisitions to expand power infrastructure.
- The offering will also support the build-out of the Company's planned AI and HPC network.