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DELPHX CAP MKTS INC - DPXCF STOCK NEWS

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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 Inc. (TSXV: DELX) (OTCQB: DPXCF) has announced its intention to seek approval from the TSX Venture Exchange to extend the exercise period of 4,825,715 share purchase warrants. These warrants, originally issued in a private placement on August 25, 2022, are currently exercisable at $0.30 per common share. The proposed extension would push the expiry date by one year to August 25, 2025.

Notably, 1,429,286 warrants are held by related parties, making this a "related party transaction". However, DelphX can rely on exemptions from formal valuation and minority approval requirements as the fair market value of the warrants does not exceed 25% of the company's market capitalization.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has closed a non-brokered private placement, raising C$357,500 by issuing 3,972,223 units at C$0.09 per unit. Each unit comprises one common share and one warrant, with warrants exercisable at C$0.25 for five years. Insiders participated significantly, subscribing for 1,944,445 units. The offering is considered a 'related party transaction' but exempt from formal valuation and minority approval requirements. DelphX will pay C$3,500 in finder's fees and issue 38,889 finders' warrants to AlphaNorth Asset Management. The offering is subject to TSX Venture Exchange final acceptance, with a four-month hold period on securities. Proceeds will be used for general corporate purposes.

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DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) has announced a non-brokered private placement offering of 3,972,223 units at C$0.09 per unit, aiming to raise gross proceeds of C$357,500. Each unit comprises one common share and one purchase warrant, with the warrant allowing the holder to buy one common share at C$0.25 within five years of issuance.

The offering is subject to TSX Venture Exchange approval, and securities will have a four-month plus one-day hold period. Company insiders may participate in the offering, complying with DelphX's insider trading policy. The net proceeds are intended for general corporate purposes.

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DelphX Capital Markets has closed a fully subscribed non-brokered private placement, issuing 2,650,000 units at C$0.08 per unit, generating gross proceeds of C$212,000. Each unit comprises one common share and one warrant, enabling the purchase of an additional share at C$0.20 within five years. An insider bought 650,000 units, categorized as a related party transaction under MI 61-101, but exemptions were applied due to the transaction value being below 25% of DelphX's market capitalization. Additionally, DelphX will pay a finder's fee of $3,640 and 45,500 warrants to AlphaNorth Asset Management. The offering has conditional acceptance from the TSX Venture Exchange, with final approval pending customary requirements. The funds raised will be used for general corporate purposes.

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DelphX Capital Markets announced the issuance of 1,000,000 common shares to a consultant for designing a pricing model for their Credit Rating Security product, valued at C$100,000. The shares are priced at $0.10 each, equivalent to the last closing price on the TSX Venture Exchange. This issuance, subject to TSX Venture Exchange approval, will not result in a new control person, and will bring the total common shares outstanding to 160,659,573. Additionally, DelphX's proposed non-brokered private placement of units is fully subscribed and pending TSX Venture Exchange approval. The pricing model aids in active price discovery for downgrade protection using CRS, but no transaction finalization is guaranteed.

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DelphX Capital Markets has announced a non-brokered private placement of 2,625,000 units at C$0.08 per unit, aiming to raise gross proceeds of C$210,000. Each unit includes one common share and one common share purchase warrant, allowing the purchase of an additional share at C$0.20 within five years of issuance. The offering is pending approval from the TSX Venture Exchange and will be subject to a hold period of four months and one day. Insiders may partake in this offering, complying with the company's insider trading policy. The raised funds are intended for general corporate purposes.

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DelphX Capital Markets has engaged ICP Securities for automated market making services, utilizing ICP's proprietary algorithm, ICP Premiumâ„¢, compliant with TSX Venture Exchange and other regulations. ICP will receive C$7,500 monthly, paid in advance. The agreement covers an initial four-month term, with automatic monthly renewals unless a 30-day notice is provided. No performance factors, stock options, or other compensation are included. ICP's activities aim to correct imbalances in the supply and demand of DelphX shares, and it will bear its own trading costs. ICP is an arm's length party specializing in liquidity provision and automated market making, established in 2023.

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DelphX Capital Markets Inc. announced the closing of a non-brokered unit financing, raising gross proceeds of C$400,000 through the issuance of 5,000,000 units at C$0.08 per unit. Insiders subscribed for 2,812,500 units, constituting a related party transaction under MI 61-101 and TSXV Policy 5.9. The offering includes common shares and warrants, with finder's fees paid to AlphaNorth Asset Management. The TSX Venture Exchange has conditionally accepted the offering, with securities subject to a hold period of four months plus one day. The net proceeds will be used for launching the Company's Credit Rating Security (CRS) product and general corporate purposes.
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DelphX Capital Markets Inc. (DPXCF) partners with Castle Placement, to enhance market exposure for its DelphX Credit Rating Security product, benefiting from Castle's vast investor network and expertise in facilitating transactions. The agreement includes revenue sharing on all CRS transactions sourced through Castle, further supporting DelphX in future capital raising.
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DelphX Capital Markets Inc. announces industry veteran Barry Finklestein joining as a consultant to aid in the commercialization and development of proprietary credit products. Finklestein brings over three decades of experience in fixed income and structured products, with executive positions at Enigma Securities, Algorand, UBS, and Merrill Lynch. His role will be crucial in commercializing the recently introduced Credit Rating Security (CRS) to provide portfolio managers and traders with the ability to position against rating downgrades on individual bonds.
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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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16.84M
123.85M
31.83%
14.74%
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