DGTL Holdings Inc. Price & Performance (DGTHF)

DGTL Holdings is conducting a $75,750 non-brokered private placement at $0.015 per share, with CEO John Belfontaine planning to buy up to 4.5 million shares. This could boost his ownership to more than 41%, making him the new Control Person, pending shareholder and TSXV approval. The move signals a major shift in company control.123

As DGTL Holdings moves ahead with its private placement, it has appointed Baigel Corp as Licensed Insolvency Trustee for subsidiary Engagement Labs Inc., which is entering bankruptcy. The capital raise and insolvency announcement highlight significant restructuring efforts at DGTL amid ongoing financial challenges for its business units.243

All securities from DGTL Holdings’ private placement will be subject to a four-month-plus-one-day hold as required by Canadian law. The deal, involving common and convertible preferred shares, still needs approval from both shareholders and the TSX Venture Exchange before it can proceed, underscoring the regulatory scrutiny involved.513