FINEQIA INTL INC ORD - FNQQF STOCK NEWS

Fineqia International Inc. has established a wholly owned subsidiary, Fineqia AG, in Liechtenstein to expand its operations in Europe. This move allows Fineqia to utilize the favorable regulatory environment in Liechtenstein for digital assets. The new subsidiary aims to enable compliance with EU financial markets regulations. Additionally, Fineqia has extended its private placement closing date to December 10, 2022, due to health issues within its management. The company has also launched a revamped corporate website to enhance its online presence.

On October 12, 2022, Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced the closing of the second tranche of its non-brokered private placement, raising a cumulative total of C$4,546,224. The second tranche alone contributed C$4,201,224 by issuing 420,122,400 Units, with Wavemaker Genesis Master Fund Ltd. participating in 15%. The proceeds will enhance working capital and reduce debt. Each Unit sold consists of one common share and a Warrant exercisable at C$0.05 for three years.

Fineqia International's analysis reveals a significant 7.5% decline in the Assets Under Management (AUM) of global cryptocurrency Exchange Traded Products (ETPs) during September, dropping to $23.5 billion from $25.4 billion. Year-to-date, AUM decreased by 60% from $58.5 billion in January. The cryptocurrency market cap was under $1 trillion, reflecting pressures from rising interest rates and inflation. ETPs with Bitcoin and Ethereum saw notable declines of 4% and 16%, respectively, correlating with price drops of 4% for Bitcoin and 17.3% for Ethereum in September.

Fineqia International Inc. disclosed an 11% drop in the Assets Under Management (AUM) of Global Exchange Traded Products (ETPs) with cryptocurrencies as underlying assets from Aug. 1 to Sept. 1, 2022, decreasing from $28.5 billion to $25.4 billion. Bitcoin ETPs are down 12% to $16.7 billion, correlating with a 13% decline in Bitcoin's price. Ethereum ETPs dropped 8%, despite a smaller drop in ETH price. The total AUM for crypto ETPs plummeted 57% YTD, despite the introduction of 46 new products in 2022, indicating a challenging market influenced by rising interest rates and economic factors.

Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has acquired the Fineqia platform from Nivaura Ltd, obtaining exclusive rights to its software and intellectual property, which supports debt and equity placements. The acquisition aligns with Fineqia's strategy to enhance its blockchain-based financial services. Nivaura, known for its innovations, has previously worked with major financial entities. The acquisition price is less than 1% of Fineqia's market capitalization. Additionally, Stephen McCann returns as interim CFO, following Cheryl Kong's resignation.

On August 4, 2022, Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced an increase in its non-brokered private placement from 400 million units to 500 million units at C$0.01 each, aiming to raise up to C$5 million. Following this, the company completed the first tranche, issuing 34.5 million units to raise C$345,000. Each unit consists of one common share and one warrant, exercisable at C$0.05 for three years. Proceeds will enhance working capital and reduce debt. The offering remains subject to regulatory approval.

Fineqia International has appointed Cheryl Kong as its new Chief Financial Officer (CFO), effective August 1, 2022. Kong, who has over 20 years in finance, previously served as CFO at GHCO and managed a portfolio with US$1 billion in assets at Oakley Capital. CEO Bundeep Singh Rangar highlighted her expertise as vital for their growth strategies, particularly in developing blockchain-based financial solutions. This transition marks a significant shift as Steve McCann retires, with Michael Coletta also confirmed as Chief Strategy Officer.

Fineqia International Inc. held its Annual General Meeting (AGM) on March 31, 2022, with 503,075,098 shares (55.88% of issued shares) represented. Resolutions passed with voting support between 81.70% and 99.98%. Four directors were elected, including CEO Bundeep Singh Rangar, with over 99% support. Baker Tilly LLP was appointed auditor, and the 20% Rolling Stock Option Plan received approval. The company is preparing for a successful completion of a previously announced private placement, strengthening its growth strategy.

Fineqia International Inc., based in Vancouver, announced a non-brokered private placement to raise up to $4,000,000 by selling up to 400,000,000 units at $0.01 per unit. Each unit consists of one common share and a warrant exercisable at $0.05 for three years. Proceeds will enhance working capital and reduce debt. Additionally, creditors may receive common shares worth approximately $100,000 for prior services, priced at $0.05 to insiders and $0.01 to third parties.