Welcome to our dedicated page for Fineqia International news (Ticker: FNQQF), a resource for investors and traders seeking the latest updates and insights on Fineqia International stock.
Fineqia International Inc. (FNQQF) is a leading digital asset and fintech investment company specializing in blockchain innovation and tokenized financial products. This news hub provides investors and industry observers with centralized access to official announcements, strategic developments, and market insights related to FNQQF's operations.
Track key corporate updates including earnings reports, partnership announcements, and progress in managing digital asset-backed exchange traded products (ETPs). The curated collection spans regulatory milestones, technology deployments, and initiatives through Glass Ventures, the company's Web 3.0/4.0-focused investment arm.
All content is sourced directly from verified corporate communications and reputable financial publications. The archive serves as an essential resource for monitoring FNQQF's advisory services in decentralized finance, blockchain integration projects, and digital asset market positioning.
Bookmark this page for streamlined access to FNQQF's evolving role in shaping fintech infrastructure. Check regularly for updates on tokenization advancements, ETP performance metrics, and strategic investments driving the digital economy.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has successfully closed its final tranche of a non-brokered private placement, raising a total of $4,824,605.90 along with debt conversion amounting to $506,975. The total raised through the offering has reached $5 million, surpassing the initial target. Funds will be used to reduce debt and enhance working capital. Notably, the offering included significant investors, including the Wavemaker Genesis Master Fund Ltd. The company reported related party transactions in this offering, which comply with MI 61-101 regulations.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced the closing of the third tranche of its non-brokered private placement, raising C$431,856.90 through the issuance of 43,185,690 units. Cumulatively, the offering has garnered gross proceeds of C$4,756,105.90, following an increase in the offering size to C$5 million. Each unit consists of a common share and a warrant exercisable at C$0.05 for three years. The proceeds will enhance working capital, while units issued to directors are classified as related party transactions.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) reported a significant increase in its investment value in IDEO CoLab Distributed Web Offshore Fund 1 LP, seeing a 7x rise as of March 31, 2022. The investment, made in August 2019, constitutes less than 3% of Fineqia's market capitalization. The Fund is associated with renowned companies like IDEO and Coinbase, and has invested in 41 blockchain startups. Fineqia's strategy focuses on blockchain-based financial solutions and has no exposure to FTX or Alameda Research.
Fineqia International Inc. has established a wholly owned subsidiary, Fineqia AG, in Liechtenstein to expand its operations in Europe. This move allows Fineqia to utilize the favorable regulatory environment in Liechtenstein for digital assets. The new subsidiary aims to enable compliance with EU financial markets regulations. Additionally, Fineqia has extended its private placement closing date to December 10, 2022, due to health issues within its management. The company has also launched a revamped corporate website to enhance its online presence.
On October 12, 2022, Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) announced the closing of the second tranche of its non-brokered private placement, raising a cumulative total of C$4,546,224. The second tranche alone contributed C$4,201,224 by issuing 420,122,400 Units, with Wavemaker Genesis Master Fund Ltd. participating in 15%. The proceeds will enhance working capital and reduce debt. Each Unit sold consists of one common share and a Warrant exercisable at C$0.05 for three years.
Fineqia International's analysis reveals a significant 7.5% decline in the Assets Under Management (AUM) of global cryptocurrency Exchange Traded Products (ETPs) during September, dropping to $23.5 billion from $25.4 billion. Year-to-date, AUM decreased by 60% from $58.5 billion in January. The cryptocurrency market cap was under $1 trillion, reflecting pressures from rising interest rates and inflation. ETPs with Bitcoin and Ethereum saw notable declines of 4% and 16%, respectively, correlating with price drops of 4% for Bitcoin and 17.3% for Ethereum in September.
Fineqia International Inc. disclosed an 11% drop in the Assets Under Management (AUM) of Global Exchange Traded Products (ETPs) with cryptocurrencies as underlying assets from Aug. 1 to Sept. 1, 2022, decreasing from $28.5 billion to $25.4 billion. Bitcoin ETPs are down 12% to $16.7 billion, correlating with a 13% decline in Bitcoin's price. Ethereum ETPs dropped 8%, despite a smaller drop in ETH price. The total AUM for crypto ETPs plummeted 57% YTD, despite the introduction of 46 new products in 2022, indicating a challenging market influenced by rising interest rates and economic factors.
Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has acquired the Fineqia platform from Nivaura Ltd, obtaining exclusive rights to its software and intellectual property, which supports debt and equity placements. The acquisition aligns with Fineqia's strategy to enhance its blockchain-based financial services. Nivaura, known for its innovations, has previously worked with major financial entities. The acquisition price is less than 1% of Fineqia's market capitalization. Additionally, Stephen McCann returns as interim CFO, following Cheryl Kong's resignation.
FAQ
What is the current stock price of Fineqia International (FNQQF)?
What is the market cap of Fineqia International (FNQQF)?
