DELPHX ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Rhea-AI Summary

DelphX (OTCQB: DPXCF; TSXV: DELX) announced a non-brokered private placement of up to 2,500,000 units at C$0.05 per unit to raise up to C$125,000. Each unit includes one common share and one warrant exercisable at C$0.08 for two years.

Completion is subject to TSX Venture Exchange approval, securities will have a four-month-plus-one-day hold, insiders may participate, finder's fees may be paid, and net proceeds are for general corporate purposes.

Positive

• Raises up to C$125,000 to fund corporate activities
• Includes warrants that may attract investor interest

Negative

• Potential dilution from up to 2,500,000 new shares plus 2,500,000 warrants
• Small raise of C$125,000 may be insufficient for major initiatives

Toronto, Ontario, March 18, 2026 (GLOBE NEWSWIRE) -- DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (“DelphX”), a leader in the development of new classes of structured products, announces that it intends to proceed with a non-brokered private placement ("the Offering") of up to 2,500,000 units (the "Units") at a subscription price of C$0.05 per Unit, for gross proceeds of up to C$125,000. Each Unit will consist of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of C$0.08, for a period of two years from the date of issuance.

In connection with the Offering, DelphX may elect to pay finder's fees to eligible finders, and details of any finder’s 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 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 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.

               

FAQ

What is the size and price of DelphX's DPXCF private placement announced March 18, 2026?

The offering is for up to 2,500,000 units at C$0.05 each. According to the company, that represents gross proceeds of up to C$125,000, before any finder's fees and subject to TSXV approval.

What does each unit include in DelphX's DPXCF private placement and the warrant terms?

Each unit includes one common share and one warrant exercisable at C$0.08. According to the company, each warrant is valid for two years from issuance.

Are insiders allowed to participate in DelphX's DPXCF private placement?

Yes, insiders may participate subject to company policies. According to the company, insider participation must comply with DelphX's insider trading policy and applicable exchange rules.

When will securities from the DPXCF private placement be tradable?

Securities will be subject to a four-month-plus-one-day hold. According to the company, the hold period begins from the date of issuance and follows applicable Canadian resale restrictions.

What will DelphX use the net proceeds from the DPXCF private placement for?

The company intends to use net proceeds for general corporate purposes. According to the company, funds are not earmarked to a specific project and may cover operating needs or working capital.