- DGTL Holdings (DGTL) has completed its acquisition of Engagement Labs
- Holders of common shares of Engagement Labs received 0.1136 of a common share of DGTL Holdings for each Engagement Labs share
- DGTL Holdings acquired a total of 47,704,357 shares of Engagement Labs in exchange for 5,419,173 DGTL shares
- Engagement Labs Shares will be de-listed from the TSX Venture Exchange as of the close of trading on March 4th
- DGTL Holdings Inc. is a disruptive digital media and advertising technology company, powered by artificial intelligence
- DGTL Holdings Inc. (DGTL) opened trading at C$0.19 per share
DGTL Holdings (DGTL) has completed its previously announced acquisition of Engagement Labs.
Holders of common shares of Engagement Labs received 0.1136 of a common share of DGTL Holdings for each Engagement Labs share held.
DGTL Holdings acquired a total of 47,704,357 shares of Engagement Labs in exchange for 5,419,173 DGTL shares. Former Engagement Labs shareholders now hold approximately 12 per cent of the total number of issued and outstanding shares of DGTL Holdings.
Prior to the closing of the arrangement, all directors and certain officers of Engagement Labs resigned and Engagement Labs is now a wholly-owned subsidiary of DGTL Holdings. Engagement Labs’ current Chief Financial Officer, Gilbert Boyer, and Chief Revenue Officer, Steven Brown, will continue in their roles.
Engagement Labs Shares will be de-listed from the TSX Venture Exchange as of the close of trading on March 4, 2022, and Engagement Labs will submit an application to cease being a reporting issuer and terminate its public reporting obligations.
As previously announced, prior to the closing of the arrangement, DGTL Holdings completed a non-brokered private placement for aggregate gross proceeds of $1,068,000. The proceeds were placed into escrow on completion of the offering and have now been released from escrow to DGTL Holdings.
DGTL Holdings Inc. is a disruptive digital media and advertising technology company, powered by artificial intelligence.
DGTL Holdings Inc. (DGTL) opened trading at C$0.19 per share.