Digi Power X Inc. filed Definitive Additional Materials on November 13, 2026, supplementing its proxy statement to disclose a related-party lease agreement with DOGE Capital, LLC, a company controlled by its CEO, effective July 1, 2026.

Key Highlights

  • Related-party lease disclosed: Digi Power X entered into the DOGE Lease with DOGE Capital, LLC, effective July 1, 2026, for approximately 100,000 rentable square feet of warehouse space in Grove Hill, Alabama.
  • Annual base rent: The Corporation is required to pay annual base rent of $180,000 in equal monthly installments of $15,000, increasing by 3% on each anniversary of the commencement date.
  • Five-year initial term: The lease runs from July 1, 2026 through June 30, 2031, with an option to renew for one additional five-year term at fair market value rent.
  • CEO and President have ownership interests: DOGE Capital is controlled by Michel Amar, the Corporation's CEO and a director; both Michel Amar and his son Alec Amar, the Corporation's President and a director, hold ownership interests in DOGE Capital.
  • Payments through September 30, 2026: Payments made by the Corporation under the DOGE Lease through September 30, 2026 totaled $45,000.
  • Projected total base rent: The Corporation expects aggregate base rent of approximately $955,646 over the initial five-year term, excluding taxes, insurance, common area maintenance expenses, and utilities.
  • Board approval: The DOGE Lease was approved by the disinterested members of the Board by written resolution dated July 16, 2026, with Michel Amar and Alec Amar having declared their interest and abstained.

Digi Power X Supplements Proxy to Reflect Alabama Warehouse Lease with CEO-Controlled Entity

According to the filing, Digi Power X Inc. submitted this supplement to update its definitive Management Information Circular and Proxy Statement, which was originally filed with the SEC on November 2, 2026, in connection with the Corporation's 2026 Annual General and Special Meeting of Shareholders scheduled for December 21, 2026. The supplement is intended to reflect the Corporation's entry into a lease agreement that was not included in the original proxy statement.

The filing discloses that the Corporation, as tenant, entered into a Short Form Lease Agreement with DOGE Capital, LLC, as landlord, for approximately 100,000 rentable square feet of warehouse space at 11670-A Hwy 43, Grove Hill, Alabama 36451. The premises may be used for warehouse, storage, distribution, and related industrial and commercial uses, according to the filing. The DOGE Lease is described as a triple net lease, under which the Corporation is also responsible for its pro rata share - approximately 45.45% - of real estate taxes, building insurance premiums, and common area maintenance expenses, as well as utilities. A security deposit of $25,000 is also required.

The Corporation disclosed that DOGE Capital is controlled by Michel Amar, its CEO and a director, and that both Michel Amar and Alec Amar, the Corporation's President, a director, and Michel Amar's son, each hold an ownership interest in DOGE Capital. The filing states that the disinterested members of the Board approved the DOGE Lease by written resolution dated July 16, 2026, with Michel Amar and Alec Amar having declared their interest and abstained in accordance with Section 149 of the Business Corporations Act (British Columbia). The supplement notes that the DOGE Lease does not change the proposals to be acted upon at the Annual Meeting or the Board's recommendations with respect to those proposals.

What Was Disclosed

Digi Power X filed Definitive Additional Materials to supplement its 2026 proxy statement, disclosing a related-party lease with DOGE Capital, LLC, a company controlled by CEO Michel Amar, covering approximately 100,000 square feet of Alabama warehouse space at $180,000 annual base rent for an initial five-year term.