DelphX Announces Closing of Additional Units in Over-Subscribed Non-Brokered Unit Private Placement
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) has completed an additional issuance in its over-subscribed non-brokered private placement, raising C$50,000 through the sale of 714,286 units at C$0.07 per unit. This brings the total placement to 7,276,428 units for aggregate proceeds of C$509,350.
Each unit comprises one common share and one purchase warrant, with warrants exercisable at C$0.08 per share for five years from issuance. The securities will have a four-month plus one-day hold period, and the offering remains subject to TSX Venture Exchange approval. The company plans to use the proceeds for general corporate purposes.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) ha completato un'ulteriore emissione nel suo collocamento privato non intermediazione, che ha registrato un'elevata domanda, raccogliendo C$50.000 attraverso la vendita di 714.286 unità a C$0,07 per unità. Questo porta il totale del collocamento a 7.276.428 unità per un incasso complessivo di C$509.350.
Ogni unità comprende una azione comune e un warrant di acquisto, con warrants esercitabili a C$0,08 per azione per cinque anni dall'emissione. I titoli avranno un periodo di blocco di quattro mesi più un giorno, e l'offerta è soggetta all'approvazione della TSX Venture Exchange. La società prevede di utilizzare i proventi per scopi aziendali generali.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) ha completado una emisión adicional en su colocación privada no intermediada, que ha sido sobre suscrita, recaudando C$50,000 a través de la venta de 714,286 unidades a C$0.07 por unidad. Esto eleva el total del colocación a 7,276,428 unidades por un total de C$509,350.
Cada unidad consiste en una acción común y un warrant de compra, con warrants ejercitables a C$0.08 por acción durante cinco años a partir de la emisión. Los valores tendrán un período de retención de cuatro meses más un día, y la oferta está sujeta a la aprobación de la TSX Venture Exchange. La empresa planea utilizar los ingresos para fines corporativos generales.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF)는 중개인 없이 진행된 추가 발행을 완료했으며, 714,286개의 유닛을 C$0.07에 판매하여 C$50,000을 모금했습니다. 이는 총 7,276,428 유닛에 대한 총 수익이 C$509,350에 이르게 합니다.
각 유닛은 하나의 보통주와 하나의 구매 워런트로 구성되며, 워런트는 발행일로부터 5년 동안 주당 C$0.08에 행사할 수 있습니다. 증권은 4개월과 1일의 보유 기간이 있으며, 이 제안은 TSX 벤처 거래소의 승인을 받아야 합니다. 회사는 수익을 일반 기업 용도로 사용할 계획입니다.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) a complété une émission supplémentaire dans son placement privé non intermédié, qui a été sursouscrit, levant C$50,000 grâce à la vente de 714,286 unités à C$0,07 par unité. Cela porte le total du placement à 7,276,428 unités pour des recettes totales de C$509,350.
Chaque unité comprend une action ordinaire et un bon de souscription, avec des bons exerçables à C$0,08 par action pendant cinq ans à partir de l'émission. Les titres auront une période de blocage de quatre mois plus un jour, et l'offre est soumise à l'approbation de la TSX Venture Exchange. La société prévoit d'utiliser les produits pour des fins corporatives générales.
DelphX Capital Markets (TSXV: DELX) (OTCQB: DPXCF) hat eine weitere Emission in seiner überzeichneten, nicht vermittelten Privatplatzierung abgeschlossen und C$50.000 durch den Verkauf von 714.286 Einheiten zu je C$0,07 pro Einheit gesammelt. Dies bringt die Gesamtplatzierung auf 7.276.428 Einheiten mit Gesamterlösen von C$509.350.
Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, wobei die Warrants für fünf Jahre ab Ausgabedatum zu C$0,08 pro Aktie ausgeübt werden können. Die Wertpapiere unterliegen einer Haltefrist von vier Monaten und einem Tag, und das Angebot steht unter dem Vorbehalt der Genehmigung durch die TSX Venture Exchange. Das Unternehmen plant, die Erlöse für allgemeine Unternehmenszwecke zu verwenden.
- Successfully raised additional C$50,000 in over-subscribed placement
- Total placement reached C$509,350 in gross proceeds
- 5-year warrant term provides long-term funding flexibility
- Dilutive impact from issuance of 7,276,428 new units
- Additional dilution possible from warrant exercise
- Low unit price of C$0.07 indicates challenging market conditions
Toronto, Ontario--(Newsfile Corp. - March 24, 2025) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products for the fixed income market, announces that further to its news releases dated March 19, 2025 and March 21, 2025 with respect to its non-brokered private placement, it has issued an additional 714,286 units (the "Units") at a subscription price of C
Completion of the Offering is subject to the approval of the TSX Venture Exchange. The securities issued pursuant to the Offering will be subject to a hold period of four months plus one day from the date of issuance.
DelphX intends to use the net proceeds from the Offering in connection with general corporate purposes.
About DelphX Capital Markets Inc.
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that provide mitigation of spread and capital charge losses when downgrades occur, while allowing for attractive returns. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:
- Collateralized put options (CPOs) that provide secured rating downgrade protection for underlying corporate bonds;
- Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade exposure of an underlying security in exchange for attractive returns.
All CPOs and CRNs are fully collateralized and held in custody by US Bank. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.
For more information about DelphX, please visit www.delphx.com
George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wentworth@delphx.com
(718) 509-2160
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/245834
FAQ
How much did DelphX (DPXCF) raise in their March 2025 private placement?
What is the exercise price and term for DelphX (DPXCF) warrants issued in the private placement?
What is the unit price and structure in DelphX's (DPXCF) March 2025 private placement?
How long is the hold period for securities issued in DelphX's (DPXCF) private placement?
