Tuesday, 02 January 2024 12:17 GMT

Universal Digital Inc. Announces Voluntary Shareholder Lock-Ups


(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - Universal Digital Inc. (CSE: LFG) (FSE: 8R20) (the "Company") is pleased to announce that certain shareholders of the Company have entered into voluntary share lock-ups with respect to an aggregate of 11,461,000 common shares of the Company. These lock-ups demonstrate a strong alignment between the Company's long-term strategic objectives and shareholder commitment.

Under the terms of the voluntary lock-up agreements, the restricted shares will be subject to staged releases over a 12-month period commencing on July 31, 2025. The release schedule is as follows:

Release Date % of Shares Released Shares Released
July 31, 2025 15% 1,719,150
October 31, 2025 15% 1,719,150
January 31, 2026 25% 2,865,250
April 30, 2026 25% 2,865,250
July 31, 2026 20% 2,292,200

These voluntary restrictions complement existing escrow arrangements and contractual transfer restrictions entered into as part of the Company's recent transactions. In total, approximately 63% of the Company's outstanding shares are now subject to transfer restrictions.

"This voluntary lock-up reflects the confidence of our shareholders in the long-term vision of Universal Digital," said Tim Chan, CEO of Universal Digital. "We believe this measure will contribute to a stable capital structure as we continue to execute our growth strategy."

Engagement of SnowBridge Limited

On June 3, 2025, Universal Digital announced that it had engaged SnowBridge Limited, to support digital reach. The consulting agreement is dated June 2, 2025 and the online marketing and awareness services began on that date. The services may be terminated by the Company without notice.

The promotional activities are being led by:

SnowBridge Limited
71-75 Shelton Street, London, WC2H 9JQ, United Kingdom
Email: ...
Tel: +44 20 3807 0751

SnowBridge has no prior relationship with the Company and does not hold any securities of the Company. Pursuant to the agreement, SnowBridge has been retained to deliver digital marketing and investor awareness services, which may include online advertising, content distribution, social media engagement, and outreach to investors. The agreement provides for a maximum marketing budget of up to C$500,000, with all services and expenditures subject to the Company's prior approval. No securities, options, or other equity-based compensation have been or will be granted in connection with this engagement.

About Universal Digital Inc.

Universal Digital Inc. is a Canadian investment company focused on digital assets, businesses and private and publicly listed entities that are involved in high-growth industries, with a particular focus on blockchain, cryptocurrencies and cryptocurrency technologies. The Company aims to provide shareholders with long-term capital growth through a diversified investment approach, and to participate in the transformation of global finance through the integration of digital asset strategies.

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