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DGTL Holdings Inc. (DGTHF) is an incubator and accelerator of digital media software platforms and managed services. They specialize in accelerating commercialized B2B enterprise-level PaaS companies with a focus on social, mobile, gaming, and streaming. DGTL aims to build a digital media conglomerate through M&A and unique capitalization structures. They are traded on the Toronto Venture Exchange as 'DGTL' and the OTC exchange as 'DGTHF.'
The company's wholly owned subsidiary, Engagement Labs Inc., operates TotalSocial®, a leading social intelligence provider for Fortune 500 brands and companies. TotalSocial® tracks and measures the entire social ecosystem by combining online and offline data with predictive analytics. They offer unique brand, industry, and competitive intelligence, alongside cutting-edge predictive analytics that increase marketing ROI and top-line revenue for F500 clients.
Recent achievements include securing a new PaaS subscription licensing agreement valued at over $200,000 and focused on providing comprehensive benchmark reports to a large national mortgage lending company in the USA. The agreement aims to measure marketing effectiveness and brand awareness through TotalSocial®'s methodologies.
DGTL Holdings Inc (TSXV: DGTL) has received final TSX Venture Exchange acceptance for trading reinstatement, expected within two business days. Due to working capital deficiency and lack of active business operations, as disclosed in their 2024 FYE audited financials, the company will be transferred to NEX, as it no longer meets Tier 2 Issuer requirements.
The company plans to rebuild working capital and explore merger and acquisition opportunities to potentially return to TSXV. Additionally, DGTL has updated Exchange filings regarding a past agreement with Red Cloud Securities Inc (RCSI), which provided market-making services from October 2021 for a monthly fee of $5,000. This agreement has expired, and RCSI currently maintains no interest in the company.
DGTL Holdings Inc. (TSXV: DGTL) has received TSX Venture Exchange approval for a share consolidation and amended Long Term Incentive Plan (LTIP). The consolidation, set at a 15:1 ratio, will reduce the company's outstanding shares from 76,465,970 to approximately 5,097,731, effective August 23, 2024. The LTIP allows for 10% of issued shares for fixed awards and 10% for rolling stock option grants. Both measures were approved by 95% of shareholders at the July 30, 2024 Annual General and Special Shareholders Meeting. Post-consolidation, the company's name and trading symbols will remain unchanged, with a new CUSIP number of 23343T203 and ISIN number CA23343T2039.
DGTL Holdings Inc. (TSXV: DGTL) announces plans for a share consolidation, private placement, and potential creation of a new control person. The company seeks shareholder approval for a 15:1 share consolidation at the upcoming Annual General and Special Meeting on July 30, 2024. Following the consolidation, DGTL intends to conduct a non-brokered private placement of up to 26,666,666 units at $0.075 per unit, aiming to raise up to $2,000,000.
CEO John David Belfontaine plans to subscribe for up to 3,333,333 units, potentially becoming a new control person. The company will seek shareholder approval for this at the meeting. Proceeds from the private placement will be used for marketing, investor relations, technology development, and general working capital.
DGTL Holdings Inc. (TSXV: DGTL) has announced significant restructuring efforts and changes to its management team. The company has engaged strategic advisors to assess its subsidiary Engagement Labs Inc. (ELI) and has decided to wind down subsidiaries in the USA and UK. DGTL has also terminated its Chief Commercial Officer and appointed a new independent director, Bruce Lev.
An Annual General and Special Shareholders Meeting is scheduled for July 30th, 2024, where shareholders will vote on a proposed share consolidation of up to 15:1. If approved, this would reduce the number of outstanding shares from 76,465,973 to approximately 5,097,731. The board believes these initiatives will improve the company's capital structure and financial position, potentially attracting new merger, acquisition, and funding opportunities.
DGTL Holdings Inc. (TSX.V: DGTL) (OTCQB: DGTHF) announces a new audio broadcast titled “Digital Media — The Next Generation: AI, Social for Video and Content to Web Ad Commerce.” The company, which focuses on integrating AI technology in digital media and advertising, highlights its acquisition of Hashoff, enhancing its capabilities in localized brand marketing through a network of 150 million influencers. DGTL aims to accelerate software technologies in marketing and advertising.
DGTL Holdings Inc. (TSX.V: DGTL) (OTCQB: DGTHF) has been featured in an editorial by NetworkNewsWire, highlighting the shift from traditional media to AI-driven digital marketing solutions. The publication underscores the challenges of outdated marketing tactics like email and web banner ads, emphasizing the importance of innovative technologies in building consumer loyalty. DGTL specializes in acquiring and accelerating AI-powered digital media technologies, focusing on content, analytics, and distribution.
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