DelphX Announces Closing of Non-Brokered Unit Private Placement

Rhea-AI Summary

DelphX Capital Markets (OTCQB: DPXCF), a structured products developer for the fixed income market, has completed a non-brokered private placement. The company raised C$152,400 through the issuance of 2,540,000 units at C$0.06 per unit.

Each unit comprises one common share and one warrant, with warrants exercisable at C$0.08 per share for a two-year period. The offering is subject to TSX Venture Exchange final acceptance, with securities having a four-month plus one-day hold period. Proceeds will support general corporate purposes.

Positive

• Raised C$152,400 in new capital through private placement
• Warrants provide potential for additional future capital at C$0.08 per share

Negative

• Small offering size indicates limited investor interest
• Significant dilution with 2,540,000 new units issued
• Low unit price of C$0.06 suggests weak market position

Toronto, Ontario--(Newsfile Corp. - July 7, 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 it has closed on a non-brokered private placement of 2,540,000 units (the "Units") at a subscription price of C$0.06 per Unit, for gross proceeds of C$152,400 ("the Offering"). Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of $0.08, for a period of two years from the date of issuance.

The Offering has been conditionally accepted by the TSX Venture Exchange, and completion of the Offering is subject to the fulfilment of certain customary requirements and final acceptance by 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/257928

FAQ

How much did DelphX (DPXCF) raise in its July 2025 private placement?

DelphX raised C$152,400 through a non-brokered private placement of 2,540,000 units at C$0.06 per unit.

What are the terms of DelphX's July 2025 private placement warrants?

Each warrant allows holders to purchase one common share at C$0.08 for a period of two years from issuance.

What is the hold period for DelphX's private placement securities?

The securities issued in the private placement have a hold period of four months plus one day from the date of issuance.

How will DelphX (DPXCF) use the proceeds from its private placement?

DelphX intends to use the net proceeds from the offering for general corporate purposes.

What is the subscription price per unit in DelphX's private placement?

The subscription price is C$0.06 per unit, with each unit consisting of one common share and one warrant.