DelphX Closes Non-Brokered Unit Private Placement

No finder’s fees were paid on the financing, and no proceeds will be paid to non-arm’s-length parties.

Rhea-AI Summary

DelphX Capital Markets (DPXCF) has closed a non-brokered private placement, raising C$55,000 through the issuance of units.

The company issued 5,500,000 units at C$0.01 each, comprising one common share and one warrant. Each warrant permits the purchase of an additional common share at C$0.06 until November 6, 2028. DelphX intends to use the net proceeds for general working capital and corporate overhead. The offering remains subject to final TSX Venture Exchange acceptance. The securities have a hold period expiring March 7, 2027, and also carry an Exchange Hold Period because units were priced below C$0.05. Following closing, DelphX has 257,210,183 common shares outstanding.

2 points · 0 major

MixediHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

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How the balance worksHow Sentiment works

0 major · 3 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointThe completed private placement raised C$55,000 in gross proceeds.
• Minor pointNo finder’s fees were paid in connection with the offering.

Negative

• Moderate point5,500,000 units at C$0.01 each issued one common share apiece, diluting existing holders.
• Minor point. Forward-looking: it has not happened yet and may not happen.One warrant per unit permits further share issuance at C$0.06 per share until November 6, 2028.
• Minor pointFinal TSX Venture Exchange acceptance remains pending for the offering.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Toronto, Ontario and New York, New York--(Newsfile Corp. - November 6, 2026) - DelphX Capital Markets Inc. (TSXV: DELX) (OTC Pink: DPXCF) ("DelphX" or the "Company"), a leader in the development of new classes of structured products, announces that it has closed the non-brokered private placement announced on October 19, 2026 (the "Offering"). The Company issued 5,500,000 units (the "Units") at a price of C$0.01 per Unit for gross proceeds of C$55,000.

Each Unit consists of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share at an exercise price of C$0.06 until November 6, 2028, two years from the date of issuance.

No finder's fees were paid in connection with the Offering. No insiders of the Company participated in the Offering.

DelphX intends to use the net proceeds of the Offering for general working capital and corporate overhead. The Company does not expect any single specific use to represent 10% or more of the gross proceeds of the Offering. None of the proceeds of the Offering will be paid to Non-Arm's Length Parties of the Company. No more than 10% of the gross proceeds of the Offering will be used to fund investor relations activities.

The Offering remains subject to the final acceptance of the TSX Venture Exchange. The securities issued under the Offering are subject to a hold period expiring March 7, 2027, being four months plus one day from the date of issuance. As the Units were priced at less than C$0.05 per Unit, the securities are also subject to the Exchange Hold Period and are legended accordingly.

Following the closing of the Offering, the Company has 257,210,183 Common Shares issued and outstanding.

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.

For further information, please contact:

George Wentworth, General Manager
DelphX Capital Markets Inc.
george.wentworth@delphx.com
(718) 509-2160

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the intended use of the proceeds of the Offering and the final acceptance of the Offering by the TSX Venture Exchange. Forward-looking information is based on the Company's current expectations and assumptions and is subject to risks and uncertainties that could cause actual results to differ materially, including the risk that the TSX Venture Exchange does not grant final acceptance of the Offering and that the proceeds are not used as currently intended. Readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date of this release. The Company undertakes no obligation to update such information except as required by law.

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/322962

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did DelphX raise in its private placement, and at what price?

DelphX raised C$55,000 in gross proceeds by issuing 5,500,000 units at C$0.01 per unit. Each unit includes one common share and one warrant exercisable for an additional common share at C$0.06 until November 6, 2028.

What limits apply to DelphX’s use of the private placement proceeds?

None of the proceeds will be paid to non-arm’s-length parties, and no more than 10% of gross proceeds will fund investor relations activities. DelphX does not expect any single specific use to represent 10% or more of gross proceeds.