DelphX Provides Correction to Convertible Debenture Closing and Announces Non-Brokered Private Placement
Rhea-AI Summary
DelphX (OTCQB: DPXCF; TSXV: DELX) corrected its earlier convertible debenture disclosure and announced a new financing.
The debenture closing was reduced to $35,000, convertible into up to 700,000 shares. DelphX also plans a non-brokered private placement of up to 2.5 million units at $0.02, for gross proceeds up to $50,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Convertible debenture provides $35,000 in funding at 8% interest
- Planned private placement could raise up to $50,000 in gross proceeds
- Debenture convertible at $0.05 into up to 700,000 common shares
- Units include two-year warrants exercisable at $0.06 per share
Negative
- Debenture financing reduced from previously announced $125,000 to $35,000
- Potential dilution from conversion of 700,000 debenture shares
- Potential dilution from up to 2.5 million new shares plus attached warrants
- Completion of the private placement remains subject to TSX Venture Exchange approval
Toronto, Ontario and New York, New York--(Newsfile Corp. - June 29, 2026) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX" or the "Company")
Correction to previously announced convertible debenture closing
Delphx Capital Markets Inc. is issuing this news release, in part, to correct its previously disseminated news release dated June 1, 2026 (the "prior release") regarding the closing of its non-brokered convertible debenture private placement financing (the "debenture financing").
The prior release reported that the company had closed the debenture financing for a
Accordingly, the debenture has been amended to reflect a
No common shares, warrants or other securities have been or will be issued in respect of the unfunded portion of the previously announced amount. The disclosure in this news release should be read in conjunction with, and supersedes, the disclosure in the prior release with respect to the principal amount of the debenture financing and the number of common shares issuable on conversion.
Non-brokered private placement
Delphx also announces that it intends to proceed with a non-brokered private placement of up to 2.5 million units at a subscription price of two cents per unit, for gross proceeds of up to
In connection with the offering, Delphx may elect to pay finders' fees to eligible finders and details of any finders' fees paid will be announced at a later date.
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 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 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 U.S. Bank. CPOs and CRNs are proprietary products created and owned by Delphx Capital Markets.
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 proposed non-brokered private placement and the intended use of proceeds. 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 offering is not completed on the terms contemplated or at all, or that regulatory approval from the TSX Venture Exchange is not obtained. 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/303221