Board Change • May 20
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Member of Advisory Board Chase Ergen was the last director to join the board, commencing their role in 2025. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 25
Universal Digital Inc. announced that it expects to receive CAD 50 million in funding Universal Digital Inc. announced it has entered into a subscription agreement with Helena Global Investment Opportunities 1 Ltd on October 24, 2025. The company will issue senior secured convertible debentures for gross proceeds of CAD 50,000,000. The convertible debentures will have a one-year term from the closing date of each tranche. The convertible debentures will be convertible into common shares of the company at the investor’s option at any time during the term at a conversion price per common share equal to 100 per cent of the closing price of the common shares on the Canadian Securities Exchange on the trading day immediately preceding the submission of a conversion notice, subject to a minimum price equal to CAD0.05. The convertible debentures bear interest at a rate of 17.5% per annum, with interest for the term paid by the company in cash on closing of the first tranche. The company will pay to Helena a facilitation fee equal to $100,000 on the closing of the first tranche. In connection with the closing of each tranche, the company will also issue to Helena common share purchase warrants entitling Helena to purchase such number of common shares that is equal to up to 25% of the subscription amount of each tranche exercisable for a period of three years from the closing of each tranche. Closing is subject to certain conditions, including, but not limited, the approval of the CSE. Announcement • Oct 17
Universal Digital Inc. announced that it has received CAD 1.75878 million in funding On October 17, 2025, Universal Digital Inc. closed the transaction. The company issued 500,000 units at an issue price of CAD 0.60 for gross proceeds of CAD 300,000 in its second and final tranche. Each warrant entitles the holder thereof to acquire one common share at an exercise price of CAD 0.80 per warrant share until September 18, 2027. Combined with the first tranche, the company has raised total gross proceeds of CAD 1,758,780 under the offering. The securities are not subject to a statutory holder period in accordance with applicable Canadian securities laws. 
