DelphX Announces Non-Brokered Unit Private Placement
DelphX Capital Markets (OTCQB: DPXCF) has announced a non-brokered private placement offering of 2,151,000 units at C$0.07 per unit, aiming to raise gross proceeds of C$150,570. Each unit comprises one common share and one purchase warrant, with warrants exercisable at $0.20 per share for five years from issuance.
The company will pay cash finder's fees and issue finders' warrants to eligible finders, exercisable at $0.20 for five years. The offering is subject to TSX Venture Exchange approval and includes a four-month plus one-day hold period. Company insiders may participate in the offering, with proceeds intended for general corporate purposes.
DelphX Capital Markets (OTCQB: DPXCF) ha annunciato un'offerta privata non mediata di 2.151.000 unit脿 a 0,07 C$ per unit脿, con l'obiettivo di raccogliere proventi lordi pari a 150.570 C$. Ogni unit脿 comprende una azione ordinaria e un warrant di acquisto, con i warrant esercitabili a 0,20 $ per azione per cinque anni dalla data di emissione.
L'azienda corrisponder脿 commissioni in contanti e emetter脿 warrant per i promotori idonei, esercitabili a 0,20 $ per cinque anni. L'offerta 猫 soggetta all'approvazione della TSX Venture Exchange e prevede un periodo di blocco di quattro mesi pi霉 un giorno. Gli insider della societ脿 possono partecipare all'offerta, i cui proventi saranno destinati a scopi aziendali generali.
DelphX Capital Markets (OTCQB: DPXCF) ha anunciado una oferta privada no intermediada de 2,151,000 unidades a 0,07 C$ por unidad, con el objetivo de recaudar ingresos brutos de 150,570 C$. Cada unidad consta de una acci贸n com煤n y un warrant de compra, con warrants ejercitables a 0,20 $ por acci贸n durante cinco a帽os desde la emisi贸n.
La compa帽铆a pagar谩 comisiones en efectivo y emitir谩 warrants para los buscadores elegibles, ejercitables a 0,20 $ durante cinco a帽os. La oferta est谩 sujeta a la aprobaci贸n de la TSX Venture Exchange e incluye un per铆odo de retenci贸n de cuatro meses m谩s un d铆a. Los insiders de la compa帽铆a pueden participar en la oferta, y los ingresos se destinar谩n a prop贸sitos corporativos generales.
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DelphX Capital Markets (OTCQB : DPXCF) a annonc茅 une offre priv茅e sans courtier de 2 151 000 unit茅s au prix de 0,07 C$ par unit茅, visant 脿 lever un produit brut de 150 570 C$. Chaque unit茅 comprend une action ordinaire et un bon de souscription, les bons 茅tant exer莽ables 脿 0,20 $ par action pendant cinq ans 脿 compter de l'茅mission.
La soci茅t茅 versera des frais de recherche en esp猫ces et 茅mettra des bons de souscription aux interm茅diaires 茅ligibles, exer莽ables 脿 0,20 $ pendant cinq ans. L'offre est soumise 脿 l'approbation de la TSX Venture Exchange et inclut une p茅riode de blocage de quatre mois plus un jour. Les initi茅s de la soci茅t茅 peuvent participer 脿 l'offre, les fonds 茅tant destin茅s 脿 des fins g茅n茅rales d'entreprise.
DelphX Capital Markets (OTCQB: DPXCF) hat eine nicht vermittelte Privatplatzierung von 2.151.000 Einheiten zu je 0,07 C$ pro Einheit angek眉ndigt, mit dem Ziel, Bruttoerl枚se von 150.570 C$ zu erzielen. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, wobei die Warrants ab Ausgabe f眉r f眉nf Jahre zu 0,20 $ pro Aktie ausge眉bt werden k枚nnen.
Das Unternehmen wird Barvermittlungsgeb眉hren zahlen und Vermittler-Warrants an berechtigte Vermittler ausgeben, die zu 0,20 $ f眉r f眉nf Jahre aus眉bbar sind. Das Angebot unterliegt der Genehmigung der TSX Venture Exchange und beinhaltet eine Haltefrist von vier Monaten plus einem Tag. Insider des Unternehmens k枚nnen an dem Angebot teilnehmen, die Erl枚se sind f眉r allgemeine Unternehmenszwecke vorgesehen.
- None.
- Small offering size of only C$150,570 indicates limited funding scope
- Significant warrant dilution potential with exercise price at $0.20
- Additional dilution through finders' warrants
- Low unit price of C$0.07 suggests challenging market conditions
Toronto, Ontario--(Newsfile Corp. - May 22, 2025) - (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products for the fixed income market, announces that it intends to proceed with a non-brokered private placement ("the Offering") of 2,151,000 units (the "Units") at a subscription price of C
In connection with the Offering, DelphX will pay cash finder's fees and issue finders' warrants (the "Finders' Warrants") to eligible finders. The Finders' Warrants will be exercisable at
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 insiders may participate in the Offering, subject to compliance with DelphX's insider trading policy.
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
George Wentworth, General Manager
DelphX Capital Markets Inc.
[email protected]
(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
FAQ
What is the size and price of DelphX (DPXCF) private placement offering in May 2025?
What are the terms of DPXCF's warrant offering in the May 2025 private placement?
How long is the hold period for DelphX's May 2025 private placement securities?
What will DelphX use the proceeds from the May 2025 private placement for?
Can DelphX insiders participate in the May 2025 private placement?
