$DGXX·8-K

Digi Power X Inc. · Apr 9, 5:15 PM ET

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Digi Power X Inc. 8-K

Research Summary

AI-generated summary

Updated

Digi Power X Inc. Enters ATM Equity Program for up to US$75M

What Happened

  • Digi Power X Inc. (a British Columbia corporation) announced on April 9, 2026 that it entered into an amended and restated at-the-market (ATM) sales agreement with A.G.P. / Alliance Global Partners (the Agent). The ATM Agreement replaces the original ATM entered May 30, 2025, and authorizes the Company to sell, from time to time and at its discretion, up to US$75.0 million aggregate offering price of subordinate voting shares (SV Shares). The sales are to be made pursuant to a prospectus supplement and the Company’s Form S-3, both filed April 9, 2026.

Key Details

  • Date of amended agreement: April 9, 2026 (original ATM was May 30, 2025).
  • Maximum initial offering capacity: up to US$75.0 million aggregate offering price of SV Shares.
  • Agent and fees: A.G.P. / Alliance Global Partners will act as Agent and may earn commissions up to 3.0% of gross proceeds; the Agent is not required to buy shares on a principal basis.
  • Sales mechanics: Shares may be sold “at the market,” including on the Nasdaq Capital Market or through ordinary broker transactions; the Company is under no obligation to sell and may suspend or terminate the program at any time.
  • Disclosure: The Company filed a Material Change Report with Canadian regulators (SEDAR+) and attached that report (press release) as Exhibit 99.1 to the Form 8-K.

Why It Matters

  • This ATM gives Digi Power X a ready mechanism to raise capital up to US$75 million by selling common shares over time, providing flexibility to fund growth, operations, or other needs without arranging a single large offering.
  • If shares are sold under the program, the number of outstanding SV Shares will increase and existing ownership percentages could be reduced (dilution); timing and amount of any sales are entirely at the Company’s discretion.
  • The agreement contains customary representations, indemnities and conditions and does not obligate the Agent to purchase shares; investors should watch future filings for any actual sales, use of proceeds, and the Company’s updated share count.