DGXX on Nasdaq

Digi Power X Inc.

Digi Power X Inc. is a Canadian finance services company that raised $21 million in 2025 (SEC Form D).1 It is headquartered in Toronto, Canada.1 Its shares trade on Nasdaq under the symbol DGXX.1

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Last updated Oct 20, 2026.

Overview

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  • TickerDGXX on Nasdaq1
  • IndustryFinance Services1
  • HeadquartersToronto, Canada1
  • Incorporated inBritish Columbia, Canada2
  • Business address110 Yonge Street, Suite 1601, Toronto, A6 M5C 1T42
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2
  • Legal formCorporation

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Digi Power X Inc. and its consolidated subsidiaries, unless otherwise indicated.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-9.4%Gross margin4
-82.9%Net margin4
-7.6%Revenue growth, 20254
-23.0%Return on equity4
-$42.8MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Colocation Services brought in 51% of the revenue Digi Power X Inc. broke down this way in fiscal 2025.

  1. Colocation Services$17.5M451%up 11% from 2024
  2. Energy Service$13.2M439%up 186% from 2024
  3. Digital Currency Mining And Staking$3.5M410%down 66% from 2024
Products and services by year
Products and services20242025
Colocation Services$15.8M$17.5M
Energy Service$4.6M$13.2M
Digital Currency Mining And Staking$10.3M$3.5M

Business segments

Colocation Services brought in 51% of the revenue Digi Power X Inc. broke down this way in fiscal 2025.

  1. Colocation Services$17.5M451%up 11% from 2024
  2. Sales Of Energy And Electricity$13.2M439%up 21% from 2024
  3. Cryptocurrency Mining$3.5M410%down 66% from 2024
Business segments by year
Business segments20242025
Colocation Services$15.8M$17.5M
Sales Of Energy And Electricity$10.9M$13.2M
Cryptocurrency Mining$10.3M$3.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$34.2M

Out of $34.2M in revenue.4 The company lost money this year.

Financial statements

Revenue564$34.2M in 2025+37% since 2021
0$10.0M$20.0M$30.0M$40.0M2021: $25.0M$25.0M20212022: $24.2M$24.2M2022−3%2023: $26.1M$26.1M2023+8%2024: $37.0M$37.0M2024+42%2025: $34.2M$34.2M2025−8%
Gross profit7564-$3.2M in 2025−20% since 2020
-$20.0M-$10.0M0$10.0M$20.0M2020: -$4.0M-$4.0M20202021: $11.1M$11.1M20212022: -$6.8M-$6.8M20222023: -$9.7M-$9.7M2023+42%2024: -$11.3M-$11.3M2024+17%2025: -$3.2M-$3.2M2025−72%
Operating income756-$10.9M in 2024+95% since 2020
-$30.0M-$20.0M-$10.0M0$10.0M2020: -$5.6M-$5.6M20202021: $2.9M$2.9M20212022: -$28.2M-$28.2M20222023: -$17.3M-$17.3M2023−39%2024: -$10.9M-$10.9M2024−37%
Net income7564-$28.4M in 2025+446% since 2020
-$30.0M-$20.0M-$10.0M0$10.0M2020: -$5.2M-$5.2M20202021: -$3.1M-$3.1M2021−40%2022: $4.3M$4.3M20222023: -$21.9M-$21.9M20232024: -$12.4M-$12.4M2024−43%2025: -$28.4M-$28.4M2025+129%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Total revenue$34.2M$37.0M
Cost of revenue-$30.5M-$32.7M
Depreciation and amortization-$7.0M-$15.6M
Gross loss-$3.2M-$11.3M
General and administrative expenses-$16.3M-$7.3M
Foreign exchange gain (loss)-$3.5M$5.2M
Gain on sale of digital currencies$1.0M$1.6M
Change in fair value of loan and salaries payable-$171.3K-$793.6K
Gain (loss) on revaluation of digital currencies-$4.1M$898.7K
Total operating expenses-$23.1M-$385.7K
Other income$750$13.8K
Change in fair value of investment$642.5K$50.2K
Loss on settlement of debt-$153.2K
Net financial expenses$285.9K$877
Gain (loss) from change in fair value of warrant liability-$3.1M-$723.5K
Gain on sale of property, plant and equipment$280.0K
Total other income (expenses)-$2.1M-$658.7K
Net loss for the year attributable to common shareholders-$28.4M-$12.4M
Foreign currency translation adjustment$3.2M-$5.3M
Common shareholders of the Corporation-$25.1M-$17.7M
Basic (in Dollars per share)-$0.64-$0.40
Diluted (in Dollars per share)-$0.64-$0.40
Basic (in Shares)44.5M shares30.7M shares
Diluted (in Shares)44.5M shares30.7M shares

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Corporate structure

Digi Power X Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Digi Power X Inc.

  • Bakay Capital Fund, L.P. Filed SCHEDULE 13G/A on Digi Power X Inc., latest Aug 14, 2026 (4 filings since Dec 27, 2021)
  • CITADEL ADVISORS LLC Filed SCHEDULE 13G/A on Digi Power X Inc., latest Aug 14, 2026 (3 filings since Oct 17, 2025)
  • Michel Amar Filed SCHEDULE 13G/A on Digi Power X Inc., latest Feb 13, 2026 (5 filings since Feb 22, 2022)
  • Eleven Ventures LLC Filed SCHEDULE 13G/A on Digi Power X Inc., latest Aug 14, 2025 (2 filings since Oct 1, 2024)
  • Digi Power X Inc. Toronto, Canada

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Digi Power X Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$62.0M4 Dec 31, 2025$69.9M4 Dec 31, 2024−11.2%
Accumulated depreciation$39.0M4 Dec 31, 2025$46.3M4 Dec 31, 2024−15.6%
Property and equipment, net$23.0M4 Dec 31, 2025$23.6M4 Dec 31, 2024−2.7%
Operating-lease assets (leased space)$117.2K4 Dec 31, 2024$391.4K4 Dec 31, 2023−70.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$78.5M4 Dec 31, 2025$1.7M4 Dec 31, 2024+4505.8%
Long-term investments$1.5M4 Dec 31, 2025$900.8K4 Dec 31, 2024+71.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$926.3K4 Dec 31, 2025$1.1M4 Dec 31, 2024−12.2%
Finite-lived intangibles, gross$1.7M4 Dec 31, 2025$1.7M4 Dec 31, 20240%
Accumulated amortization$753.7K4 Dec 31, 2025$624.4K4 Dec 31, 2024+20.7%
Finite-lived intangibles, net$926.3K4 Dec 31, 2025$1.1M4 Dec 31, 2024−12.2%

Properties, in its own words

The Corporation has three facilities, which are located in Buffalo, New York, North Tonawanda, New York and Columbiana, Alabama. The Corporation’s power plant is also located in North Tonawanda.

The Corporation currently has the following power available through its dedicated infrastructure:

The rest of Item 2

● · Alabama site: 55 MW

● · New York sites: 141.7 MW

● · Total available power today: 196.7 MW

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Digi Power X Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Michel Amar2025–now

President

  1. Alec Amar2025–now

Chief financial officer

  1. Paul Anthony Ciullo2025–now
Board members and other officers (5)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Vice President of OperationsDaniel Rotunno named Mar 14, 202216
  • Executive Officer, DirectorDonald S. Christie named Mar 14, 202216
  • Chief Renewable Energy OfficerLuke S. Marchiori named Mar 14, 202216
  • DirectorZhichao Li named Aug 29, 202417
  • DirectorManish S. Kshatriya named Mar 14, 202216
  • DirectorRemy S. Giovannacci named Mar 14, 202216

Former names

  • Digihost Technology Inc.Mar 31, 2021 to Mar 5, 20252

Timeline

  1. Aug 14, 20268-K Results of operations18
  2. Aug 4, 20268-K Regulation FD disclosure19
  3. Jul 7, 20268-K Regulation FD disclosure20
  4. Jun 3, 20268-K Regulation FD disclosure21
  5. May 15, 20268-K Results of operations22
  6. May 8, 20268-K Entered a material agreement; Regulation FD disclosure23
  7. May 8, 20268-K Regulation FD disclosure; Other events24
  8. Apr 20, 20268-K Regulation FD disclosure25
  9. Apr 9, 20268-K Entered a material agreement; Regulation FD disclosure26
  10. Mar 31, 20268-K Results of operations27
  11. Mar 23, 20268-K Regulation FD disclosure28
  12. Mar 16, 20268-K Regulation FD disclosure29
  13. Dec 31, 2025New chief executive Michel Amar becomes CEO10

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/202630

When it reported results

  1. Aug 14, 2026Reported quarterly or annual results18
  2. May 15, 2026Reported quarterly or annual results22
  3. Mar 31, 2026Reported quarterly or annual results27

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

247 filings to the SEC since October 2021: 7 annual reports, 2 quarterly reports, 22 major events, 24 insider forms, 14 large holders, 3 private raises, 175 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Sep 15, 2026EFFECT EDGAR
  3. Sep 11, 2026S-3/A AMENDMENT NO. 1 TO FORM S-3 EDGAR
  4. Aug 21, 20264 EDGAR
  5. Aug 21, 20264 EDGAR
  6. Aug 20, 20264 EDGAR
  7. Aug 14, 202610-Q QUARTERLY REPORT EDGAR
  8. Aug 14, 20268-K CURRENT REPORT EDGAR
  9. Aug 14, 2026SCHEDULE 13G/A EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 4, 20268-K CURRENT REPORT EDGAR
  12. Jul 17, 2026S-3 REGISTRATION STATEMENT EDGAR
  13. Jul 7, 20268-K CURRENT REPORT EDGAR
  14. Jun 3, 20268-K CURRENT REPORT EDGAR
  15. May 15, 20268-K CURRENT REPORT EDGAR
  16. May 15, 202610-Q QUARTERLY REPORT EDGAR
  17. May 12, 2026SCHEDULE 13G EDGAR
  18. May 8, 20268-K CURRENT REPORT EDGAR
  19. May 8, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  20. May 8, 20268-K CURRENT REPORT EDGAR

The 247 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 2 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 20, 2026Amar AlecPresidentBuy10,000$3.86$38.6KForm 4
Aug 19, 2026Amar MichelChief Executive OfficerBuy20,000$3.60$72.0KForm 4
May 1, 2026Amar AlecPresidentSale27,500$3.56$97.9KForm 4
Apr 8, 2026Amar AlecPresidentSale25,700$2.26$58.1KForm 4
Apr 1, 2026Amar AlecPresidentSale1,800$2.25$4.0KForm 4
Mar 2, 2026Amar AlecPresidentSale27,500$2.86$78.7KForm 4
Feb 2, 2026Amar AlecPresidentSale27,500$2.53$69.6KForm 4
Jan 2, 2026Amar AlecPresidentSale27,500$2.72$74.8KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Feb 7, 2025Raised $6.6 million in a private offering of equity Form D: 33 investors so far Form D
  2. Aug 15, 2024Raised $4 million in a private offering of equity Form D: 5 investors so far Form D
  3. Mar 9, 2022Raised $10.4 million in a private offering of equity Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 93. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Vident Advisory, LLC2,671,839$14.6M0.1%+1,830,909
Geode Capital Management, LLC509,128$13.0M0.0%−146,285
KADENSA CAPITAL Ltd2,336,152$12.7M2.7%New
Qube Research & Technologies Ltd1,119,646$6.1M0.0%New
Citadel Advisors LLC1,072,862$5.8M0.0%+877,352
Vennlight Capital Management, LP966,252$5.3M3.5%−1,953,152
Susquehanna International Group, Llp652,353$3.6M0.0%−440,167
Davidson Kempner Capital Management LP583,659$3.2M0.1%New
Morgan Stanley554,246$3.0M0.0%+92,047
Jpmorgan Chase & Co518,757$2.8M0.0%New
Lazard Asset Management LLC488,619$2.7M0.0%New
Charles Schwab Investment Management Inc481,453$2.6M0.0%New
Jane Street Group, LLC479,592$2.6M0.0%+93,479
XTX Topco Ltd465,580$2.5M0.0%New
Peak6 LLC450,595$2.5M0.1%New
IMC-Chicago, LLC437,313$2.4M0.0%+414,548
Group One Trading LLC433,091$2.4M0.1%+321,659
Texas Capital Bank Wealth Management Services Inc419,951$2.3M0.1%−85,050
Point72 Asset Management, L.P.326,685$1.8M0.0%+173,642
Sullivan Wood Capital Management LLC323,690$1.8M2.4%+48,600
Bnp Paribas Financial Markets310,237$1.7M0.0%+305,634
Beartown Capital Management, LLC300,000$1.6M0.7%New
LPL Financial LLC270,197$1.5M0.0%+111,838
Members Advisory Group LLC255,468$1.4M0.4%+185,581
Quadrature Capital Ltd231,196$1.3M0.0%+195,328

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Digi Power X Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDigi Power X Inc.1
  • CIK0001854368
  • Employer ID (EIN)00-00000003
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business address110 Yonge Street, Suite 1601, Toronto, A6 M5C 1T41
  • Phone647-259-17901
  • Shares outstanding101,393,355 as of Aug 14, 20269
  • Public float$92.0M as of Jun 30, 20253
  • AuditorDAVIDSON & COMPANY LLP, Vancouver, Canada PCAOB ID 731; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceMar 31, 20211
  • Filings252 in all: 6-K (132), 8-K (22), 4 (17), 3 (7), CORRESP (6), D (6), UPLOAD (6), EFFECT (5)1
    All 35 form types

    SCHEDULE 13G/A (5), SUPPL (5), SC 13G/A (4), 20-F (3), F-X (3), SC 13G (3), 10-Q (2), 144 (2), 6-K/A (2), F-10 (2), NT 20-F (2), S-3 (2), SCHEDULE 13G (2), 10-K (1), 10-K/A (1), 20-F/A (1), 40-F (1), 40FR12B (1), 40FR12B/A (1), 424B5 (1), CERT (1), F-1 (1), F-1/A (1), F-10/A (1), S-3/A (1), S-8 (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Aug 14, 2026

Securities registered for trading

ClassSymbolExchange
Subordinate Voting SharesDGXXNasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks Digi Power X Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 60 risks under these headings, as written.3

  • Risks Related to the Corporation’s Business
  • Risks Related to Government Regulation
  • General Risks Related to the Corporation
  • We operate in a rapidly evolving industry and have an evolving business model and strategy, which includes our focus on diversification into operating data centers to drive the expansion of sustainable energy assets, as well as maintaining our bitcoin mining and hosting activities.
  • The markets in which we participate are highly competitive, and, as we enter new markets, we are competing against companies with greater resources and capitalization.
  • Our expansion into AI and HPC may divert resources from our core bitcoin mining operations, limit our power capacity for mining, and introduce operational complexity.
  • We have engaged in, and in the future may engage in, strategic transactions and other arrangements that could disrupt our business, cause dilution to our shareholders, reduce our financial resources and harm our operating results.
  • The diversification of our business by utilizing power at our facilities to support HPC and other AI-driven processes may not be profitable and may not occur on our expected timeline.
  • Our continued development of Tier III data centers and other infrastructure projects could involve significant risks to our business.
  • Our strategic focus on HPC support and other AI-driven processes may not be successful, and its success, if any, will be dependent on the continuing development and resource and computational requirements of data center service applications, such as cloud computing, machine learning and artificial intelligence and continuing need for the infrastructure and services we provide.
  • If we do not accurately predict our facility requirements, it could have a material adverse effect on our business, financial condition, and results of operations.
  • The Corporation is subject to risks associated with the Corporation’s need for significant electrical power and for such electrical power to be available at commercially feasible rates. Government regulators may potentially restrict the ability of electricity suppliers to provide electricity to mining operations.
The other 51 risks
  • The Corporation’s business may be adversely impacted by technological obsolescence and difficulty in obtaining hardware.
  • As we develop our data center services, we may depend on significant customers.
  • The bitcoin block reward halves approximately every four years, which reduces the number of bitcoin the Corporation would receive from solving blocks.
  • The Corporation’s profitability depends, in part, upon the hashrate of its miners and of the network as well as network difficulty, any adverse changes in which could reduce the ability of the Corporation to remain competitive.
  • If the award of coins for solving blocks and transaction fees are not sufficiently high, miners (other than the Corporation) may not have an adequate incentive to continue mining and may cease their mining operations, which could adversely impact the Corporation’s mining operations.
  • The Corporation is reliant on a mining pool operator.
  • If the Corporation ceases to participate in a mining pool and instead mines independently, it may be subject to certain additional risks, and the impact of existing risks may be heightened.
  • There is a possibility of cryptocurrency mining algorithms transitioning to proof of stake validation and other mining related risks, which could make the Corporation less competitive and ultimately adversely affect the Corporation’s business and the value of its shares.
  • The Corporation may be unable to obtain additional financing on acceptable terms or at all.
  • The Corporation may be required to sell its cryptocurrency portfolio to pay for expenses.
  • The value of cryptocurrencies may be subject to momentum pricing.
  • The price of coins may be affected by the sale of coins by other vehicles investing in coins or tracking cryptocurrency markets.
  • Cryptocurrency exchanges and other trading venues are relatively new and, in most cases, largely unregulated and may therefore be more exposed to fraud and failure.
  • The further development and acceptance of the cryptographic and algorithmic protocols governing the issuance of and transactions in cryptocurrencies is subject to a variety of factors that are difficult to evaluate.
  • Acceptance and/or widespread use of cryptocurrency is uncertain.
  • The Corporation’s cryptocurrency inventory may be exposed to cybersecurity threats and hacks.
  • The Corporation’s coins may be subject to loss, theft or restriction on access.
  • Incorrect or fraudulent coin transactions may be irreversible.
  • The Corporation’s operations, investment strategies and profitability may be adversely affected by competition from other methods of investing in cryptocurrencies.
  • Banks may not provide banking services, or may cut off banking services, to businesses that provide cryptocurrency-related services or that accept cryptocurrencies as payment.
  • The impact of geopolitical events on the supply and demand for cryptocurrencies is uncertain.
  • Any use of emerging technologies like AI, machine learning and generative artificial intelligence could lead to unintended consequences and result in reputational harm and litigation.
  • Increased scrutiny and changing expectations from stakeholders with respect to the Corporation’s ESG practices and the impacts of climate change may result in additional costs or risks.
  • Exposure to environmental liabilities and hazards may result in the imposition of fines, penalties and restrictions on the Corporation.
  • Regulatory changes or actions may alter the nature of an investment in the Corporation or restrict the use of cryptocurrencies in a manner that adversely affects the Corporation’s operations.
  • The U.S. political and economic environment could materially impact our business operations and financial performance, and uncertainty surrounding the potential legal, regulatory and policy changes by the U.S. presidential administration may directly affect us and the global economy.
  • If regulatory changes or interpretations of our bitcoin mining activities require our registration as an MSB under the regulations promulgated by FinCEN under the authority of the BSA, or otherwise under state laws, we may incur significant compliance costs, which could be substantial or cost-prohibitive. If we become subject to these regulations, our costs in complying with them may have a material adverse effect on our business and the results of our operations.
  • Current regulation regarding the exchange of bitcoins under the CEA by the CFTC is unclear; to the extent we become subject to regulation by the CFTC in connection with our exchange of bitcoin, we may incur additional compliance costs, which may be significant.
  • It may be illegal now, or in the future, to mine, acquire, own, hold, sell or use bitcoin or other cryptocurrencies, participate in blockchains or utilize similar cryptocurrency assets in one or more countries, the ruling of which could adversely affect us.
  • Changing environmental regulation and public energy policy may expose our business to new risks.
  • If we fail to qualify for certain state government tax incentives or to comply with local tax regulations, we may suffer financial losses.
  • Future developments regarding the treatment of digital assets for U.S. federal income and applicable state, local and non-U.S. tax purposes could adversely impact our business.
  • Regulatory developments surrounding AI and HPC may negatively impact the Corporation’s efforts to expand into AI and HPC hosting.
  • Regulations and taxes that target energy could increase our costs and adversely affect our business.
  • The Corporation’s loss of foreign private issuer status requires the Corporation to comply with more extensive reporting requirements and to bear the associated costs of the same.
  • The Corporation is an “emerging growth company” and a “smaller reporting company” within the meaning of the Securities Act, and the Corporation takes advantage of certain exemptions from disclosure requirements available to emerging growth companies and smaller reporting companies, which could make the Corporation’s securities less attractive to investors and may make it more difficult to compare its performance to other public companies.
  • We identified material weaknesses in our internal control over financial reporting for prior reporting years. If we identify material weaknesses for future reporting years, we may not be able to accurately report our financial results in a timely manner, which may adversely affect investor confidence in us and materially and adversely affect our business and operating results.
  • The Corporation’s success is largely dependent on the performance of the Corporation’s management and executive officers.
  • The Corporation may be unable to attract, develop and retain its key personnel and ensure adequate succession planning.
  • Uninsured or uninsurable risks could result in significant financial liabilities.
  • The Corporation does not currently pay cash dividends, and, therefore, the Corporation’s shareholders will not be able to receive a return on their SV Shares unless they sell them.
  • The market price for SV Shares may be volatile, and there is no guarantee that an active or liquid market will be sustained for the SV Shares.
  • There are significant legal, accounting and financial costs of being a publicly traded company, which costs may reduce the resources available for the Corporation to deploy on its cryptocurrency mining operations.
  • Directors and officers may have a conflict of interest between their duties owed to the Corporation and their interest in other personal or business ventures.
  • The Corporation may be subject to litigation arising out of its operations.
  • The Corporation has a limited history of operations and is in the early stage of development.
  • Ineffective management of growth could result in a failure to sustain the Corporation’s progress.
  • The Corporation may be subject to tax liabilities and consequences that could reduce the Corporation’s profitability.
  • If the Corporation is characterized as a passive foreign investment company, U.S. shareholders may suffer adverse consequences.
  • If a U.S. Holder is treated as owning at least 10% of the SV Shares, such holder may be subject to adverse U.S. federal income tax consequences.
  • The Corporation may be exposed to risks from exchanging currencies, including currency exchange fees.

Legal proceedings

The Corporation is not currently a party to any actual or pending legal proceedings or regulatory actions that would materially affect the Corporation nor is the Corporation currently contemplating any legal proceedings that are material to its business or of which any of its assets are likely to be subject. Furthermore, the Corporation is not aware of any such proceeding known to be contemplated or threatened which would materially affect the Corporation.

The opening of Item 3, Legal Proceedings.3

Sources

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