DGTL Holdings Inc. to Launch into TikTok and Snapchat Markets Through Non-Brokered Financing

DGTL Holdings reports plans to develop the software of its wholly owned subsidiary, Hashoff, to service the fastest-growing multimedia social media application markets. In doing so, DGTL will fund the software development of the Hashoff SaaS (software-as-a-service) technology platform to service digital media platforms such as TikTok, Snapchat, Twitch, Triller, Reels and others with a private placement non-brokered financing.

This software development project is a key element that supports the original Hashoff share exchange agreement, which requires Hashoff to meet or exceed an annual sales revenue milestone of up to USD $8 million on or before June 30 , 2023, in order to receive 100% of the remaining cash payments.

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The project is in direct response to the growing demands from prospective and existing clients to extend the Hashoff platform into video-based application. TikTok is ranked as the top downloaded mobile application on both Apple’s iOS App Store as well as the Google Play platform. With hundreds of millions of active users in 155 countries and 75 languages, TikTok has grown 550% in just the last 18 months in terms of the number of U.S.-based adults that are active on the app.

In order to expedite this key development project, DGTL intends to fund software engineering costs via a non-brokered private placement financing (the “Offering“) of common shares. Pursuant to the Offering, the Company intends to issue up to 2,857,000 common shares (the “Shares”) at a price of $0.35 per Share, for aggregate gross proceeds of up to $1 million.

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A finder’s fee in shares, cash, warrants or a combination of all may be payable in connection with this placement, which will not exceed the maximum allowable under the policies of the TSX Venture Exchange. The Offering and finder’s fee are subject to completion and execution of appropriate documentation and acceptance for filing by the TSX Venture Exchange.

Completion of the Offering is subject to receipt of TSX-V approval and other requisite approvals. All of the securities issuable in connection with the Offering will be subject to a hold period expiring four months and one day after the date of issuance.

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