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DELPHX CAP MKTS INC - DPXCF STOCK NEWS

Welcome to our dedicated page for DELPHX CAP MKTS news (Ticker: DPXCF), a resource for investors and traders seeking the latest updates and insights on DELPHX CAP MKTS stock.

DelphX Capital Markets Inc. (DPXCF) is a technology and financial services company specializing in structured products for the fixed income market. Through Quantem LLC, DelphX enables dealers to offer new private placement securities that optimize credit risk transfer and enhance returns. The company recently announced the grant of stock options to eligible participants under its stock option plan. DelphX is expanding its operations with the creation of an in-house sales team to launch a Credit Rating Security (CRS) product, allowing bond holders and traders to position against rating changes on existing bonds. Industry veteran Barry Finklestein has joined as a consultant to aid in the commercialization of proprietary credit products. DelphX has also entered into an agreement with Castle Placement, LLC to accelerate the market exposure and usage of the CRS product. Additionally, the company has engaged ICP Securities Inc. to provide automated market making services.

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DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) has completed its previously announced non-brokered private placement, raising C$348,100 through the issuance of 2,900,834 units at C$0.12 per unit. Each unit includes one common share and one purchase warrant, exercisable at C$0.20 for five years.

Insiders participated by subscribing for 420,000 units. AlphaNorth Asset Management will receive C$3,528 in finder's fees and 29,400 finders' warrants. The offering, conditionally accepted by TSX Venture Exchange, includes a four-month plus one day hold period for issued securities. Proceeds will be used for general corporate purposes.

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DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) announces the issuance of 428,571 common shares at a deemed price of C$0.14 per share to a consultant. The shares, valued at C$60,000, are being issued as payment for services related to the Company's Credit Rating Security (CRS) product, including refinement of pricing models, preparation of presentations, and assistance with broker dealer negotiations. Following the issuance, which requires TSX Venture Exchange approval, DelphX will have 182,102,033 common shares outstanding.

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DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) announced it will issue 138,888 common shares to a consultant as payment for services related to securing a non-binding letter of intent with hedge funds for up to $3 billion of notional credit spread protection through their CRS program. The shares will be issued at $0.18 per share, totaling C$25,000. Following the issuance, which requires TSX Venture Exchange approval, DelphX will have 181,812,350 common shares outstanding. The shares will be issued as restricted securities under U.S. Securities Act exemptions.

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DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) announces a non-brokered private placement to raise C$348,100 through the issuance of 2,900,833 units at C$0.12 per unit. Each unit includes one common share and one purchase warrant exercisable at C$0.20 for five years. The company will pay cash finder's fees and issue finders' warrants to eligible finders. The offering requires TSX Venture Exchange approval and includes a four-month plus one-day hold period. Proceeds will be used for general corporate purposes.

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DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) announces plans to seek TSX Venture Exchange approval to extend the exercise period of 5,422,221 share purchase warrants by one year to December 7, 2025. The warrants, originally issued in a December 2022 private placement, are exercisable at $0.15 per common share. Of these warrants, 1,611,111 are held by related parties, constituting a related party transaction. The transaction is exempt from formal valuation and minority approval requirements as the warrants' fair market value is below 25% of DelphX's market capitalization.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF), a leader in developing new structured products for the fixed income market, has announced the grant of 1,650,000 stock options to eligible participants under its stock option plan. The Board of Directors approved this grant with the following terms:

  • Two-year maturity
  • Exercise price of $0.25 per common share
  • Options are exercisable for common shares of DelphX

This decision aligns with the company's stock option plan and may be seen as a strategy to incentivize and retain key personnel or partners.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has announced a non-binding letter of intent with multiple hedge funds to offer up to $3 billion of notional credit spread protection through its Credit Rating Securities (CRS) program. The agreement, dated August 27, 2024, is subject to conditions including DelphX facilitating bond portfolios for credit spread protection and final tax review. The company reports positive interest from potential buyers of protection, as CRS offers a new risk management tool for insurance companies and others seeking downgrade risk mitigation. DelphX will continue to update on the CRS program's progress.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF), a leader in developing new structured products for the fixed income market, has announced the grant of 1,200,000 stock options to eligible participants. The options, approved by the company's Board of Directors, have a two-year maturity and can be exercised at $0.25 per common share. This grant is part of DelphX's stock option plan and aims to align the interests of participants with those of shareholders, potentially incentivizing performance and retention.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has successfully closed its over-subscribed non-brokered private placement, raising C$539,000 by issuing 4,491,666 units at C$0.12 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at C$0.25 for five years. Insiders participated in the offering, subscribing for 666,666 units. The company will pay cash finder's fees totaling C$37,730 and issue 314,417 finders' warrants to eligible finders. The offering is subject to final TSX Venture Exchange approval, with securities having a four-month plus one-day hold period. DelphX plans to use the net proceeds for general corporate purposes.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has announced a non-brokered private placement of 4,166,667 units at C$0.12 per unit, aiming to raise C$500,000 in gross proceeds. Each unit consists of one common share and one warrant, with warrants exercisable at C$0.25 for five years. The company will pay cash finder's fees and issue finders' warrants to eligible finders. The offering is subject to TSX Venture Exchange approval, with securities having a four-month plus one day hold period. DelphX insiders may participate, and the company plans to use the net proceeds for general corporate purposes.

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FAQ

What is the current stock price of DELPHX CAP MKTS (DPXCF)?

The current stock price of DELPHX CAP MKTS (DPXCF) is $0.073 as of December 4, 2024.

What is the market cap of DELPHX CAP MKTS (DPXCF)?

The market cap of DELPHX CAP MKTS (DPXCF) is approximately 16.8M.

What does DelphX Capital Markets Inc. specialize in?

DelphX focuses on developing structured products for the fixed income market.

Who recently joined DelphX as a consultant?

Industry veteran Barry Finklestein has joined as a consultant to aid in the commercialization of proprietary credit products.

What recent expansion has DelphX undertaken in its operations?

DelphX is expanding its operations with the creation of an in-house sales team to launch a Credit Rating Security (CRS) product.

What recent agreement has DelphX entered into to accelerate market exposure?

DelphX has entered into an agreement with Castle Placement, LLC to accelerate the market exposure and usage of the CRS product.

What services does ICP Securities Inc. provide to DelphX?

ICP Securities Inc. provides automated market making services to DelphX, including the use of its proprietary algorithm, ICP Premium.

What is the purpose of the CRS product introduced by DelphX?

The CRS product allows bond holders and traders to position against rating changes on existing bonds.

What recent announcement has DelphX made regarding stock options?

DelphX recently announced the grant of stock options to eligible participants under its stock option plan.

What is the significance of the in-house sales team created by DelphX?

The in-house sales team will leverage the reach of the Company's existing wholly-owned broker dealer and provide improved margins on each transaction.

What is the focus of DelphX's recent collaboration with Castle Placement, LLC?

The collaboration aims to accelerate the market exposure and usage of the CRS product through Castle's institutional investor network.

Who is responsible for the market making activities for DelphX shares?

ICP Securities Inc. is responsible for the market making activities to correct temporary imbalances in the supply and demand of DelphX shares.

DELPHX CAP MKTS INC

OTC:DPXCF

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DPXCF Stock Data

16.84M
123.85M
31.83%
14.74%
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