Vancouver, British Columbia--(Newsfile Corp. - May 6, 2025) - Universal Digital Inc. (CSE: LFG) (the "Company") is pleased to announce that Mr. Christian Kaczmarczyk has joined the board of directors. Mr. Kaczmarczyk is currently a Principal at Third Prime, a venture capital firm that supports early-stage companies in the digital asset, industrial tech, and fintech sectors. At Third Prime, he leads investments into crypto and digital asset companies. He previously held roles at BlockFi, FalconX, and Bison Trails (acquired by Coinbase), and has advised numerous crypto ventures. He also serves on the board of the Wisconsin School of Business. Mr. Kaczmarczyk holds a BA in Economics from the University of Wisconsin-Madison. Mr. Kaczmarczyk has also been appointed to the Company's Audit Committee and Investment Committee.
The Company also announces that Mr. Jon Bey and Mr. Blair Jordan have resigned from the board of directors, effective immediately. The Company extends its sincere gratitude to Mr. Bey and Mr. Jordan for their contributions and leadership during their tenure and wishes them success in their future endeavors.
RSU Grants
The Company also announces the grant of 200,000 RSUs to Mr. Kaczmarczyk pursuant to the Company's long-term incentive plan. The RSUs will vest in eight equal quarterly installments over a two-year period from the date of grant.
"We are thrilled to welcome Christian to the board of Universal Digital," said Tim Chan, Chief Executive Officer. "His deep experience in venture capital and digital assets, combined with his global network and strategic insight, will be instrumental as we scale our investment platform and pursue opportunities across the blockchain and Web3 ecosystem."
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.
For further information contact:
Tim Chan
Chief Executive Officer and Director
Email: t@universaldigital.io
Phone: (289) 646-6252
www.universaldigital.io
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things: the impact of the new management on the Company's business and operations, the Company's plans to complete the change of business, regulatory approval of the change of business, the expected impacts of the change of business on the Company's business and operations, and the Company's plans following the proposed change of business.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things: that the new officer appointments may not impact the Company's operations or business as anticipated; the Company may decide not to proceed with the change of business; the Company may not receive regulatory approval for the change of business; the Company may not receive the anticipated results on its business or operations following completion of the change of business; the Company's plans following the change of business may vary; the volatility of the digital asset and cryptocurrency markets; the impact of governmental or regulatory orders or decisions on the digital asset and cryptocurrency sectors; and market volatility for the Company's securities.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company will proceed with the change of business; the Company will receive regulatory approval for the change of business; the change of business will benefit the Company's business and operations; and the digital asset and cryptocurrency sectors will continue to see growth.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250969
SOURCE: Universal Digital Inc.
