DelphX Adopts Semi-Annual Financial Reporting
Shareholders will receive annual and six-month financial reports rather than quarterly reports, while timely disclosure obligations continue.
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Rhea-AI Summary
DelphX Capital Markets (DPXCF) will adopt semi-annual financial reporting under the Canadian Securities Administrators' pilot program for certain venture issuers. It does not intend to file interim financial statements or related management's discussion and analysis for the three and nine months ended September 30, 2026, its first period using the exemption.
Audited annual and six-month interim reporting will continue. The next periodic filings cover the year ending December 31, 2026, and are due by April 30, 2027. Timely disclosure obligations remain unchanged. DelphX says the change reduces reporting costs and management time, allowing resources to be directed toward structured-product development and distribution.
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.DelphX says semi-annual reporting reduces reporting costs and management time, freeing resources for structured products.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.Less frequent financial reporting begins with planned omission of reports for three and nine months ended September 30, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - October 7, 2026) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or the "Company"), a leader in the development of new classes of structured products, announces that it will adopt semi-annual financial reporting under the Canadian Securities Administrators' semi-annual reporting pilot program.
This news release is being filed pursuant to Coordinated Blanket Order 51 - 933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.
The Company does not intend to file an interim financial report or related management's discussion and analysis ("MD&A") for the three and nine months ended September 30, 2026. This is the initial interim period for which the Company will rely on the exemption.
The Company will continue to file audited annual financial statements and annual MD&A, and an interim financial report and related MD&A for the six-month period of each financial year. The Company's next periodic filings will be its audited annual financial statements and annual MD&A for the year ending December 31, 2026, which are required to be filed on or before April 30, 2027. The Company will continue to meet its timely disclosure obligations, including issuing news releases and filing material change reports when required.
Semi-annual reporting reduces the cost and management time spent on quarterly reporting and allows the Company to direct its resources to the development and distribution of its structured products.
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 broker dealers to offer new private placement securities that provide for both fixed income and cryptocurrency solutions. 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 and/or protection from losses in cryptocurrency holdings;
- Collateralized reference notes (CRNs) that enable investors to take on a capped rating downgrade and/or cryptocurrency loss exposure of an underlying security or cryptocurrency 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/318003
FAQ
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What changes under DelphX's semi-annual financial reporting schedule?
DelphX will retain audited annual and six-month interim reporting but does not intend to file interim financial statements or related management's discussion and analysis for the three and nine months ended September 30, 2026. That is the initial period for which it will rely on the exemption.
When are DelphX's next financial reports due?
DelphX's next periodic filings are its audited annual financial statements and annual management's discussion and analysis for the year ending December 31, 2026, due on or before April 30, 2027.
Which exemption allows DelphX to adopt semi-annual reporting?
DelphX is relying on Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers. The change falls under the Canadian Securities Administrators' semi-annual reporting pilot program.