DELPHX ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Rhea-AI Summary
DelphX Capital Markets (OTCQB: DPXCF) announced a non-brokered private placement of up to 3,750,000 Units at C$0.04 per Unit to raise up to C$150,000 in gross proceeds. Each Unit comprises one common share and one warrant exercisable at C$0.08 for two years.
The Offering is subject to TSX Venture Exchange approval, securities will carry a four-month-plus-one-day hold period, finder's fees may be paid, insiders may participate subject to insider trading policy, and net proceeds are intended for general corporate purposes.
Positive
- Raises up to C$150,000 in gross proceeds
- Each Unit includes a warrant exercisable at C$0.08 for two years
- Offering allows insider participation subject to policy
Negative
- Issuance of up to 3,750,000 Units will dilute existing shareholders
- Finder's fees may increase effective dilution or reduce net proceeds
- Offering requires TSX Venture Exchange approval before completion
Toronto, ON, April 22, 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 3,750,000 units (the "Units") at a subscription price of C
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.
