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Financings

DeepMarkit Closes Second and Final Private Placement Tranche

MKT · Price

Executive Summary

  • DeepMarkit Corp. completed the second and final tranche of its non‑brokered private placement, raising $624,999.96 by issuing 10,416,666 common shares.
  • Combined with the first closing, a total of 35,999,998 shares were issued for gross proceeds of approximately $2.16 million.
  • Net proceeds will be used to repay debt, settle a $50,000 obligation to Prospect Labs Inc., and fund development, marketing, and corporate purposes for the recently acquired Prospect Prediction Markets platform.

Key Details

  • Second Tranche Proceeds: $624,999.96 gross; 10,416,666 common shares issued at the closing on November 21, 2025.
  • Total Placement Size: 35,999,998 common shares issued for total gross proceeds of $2.16 million (first closing completed November 18, 2025).
  • Purpose of Funds:
  • Repayment of existing company debt, including deferred management salaries.
  • Payment of a $50,000 obligation to Prospect Labs Inc.
  • Development and expansion of the Prospect platform.
  • Marketing and product awareness initiatives.
  • General corporate and administrative purposes.
  • Acquisition Context: The private placement was undertaken in connection with DeepMarkit’s acquisition of Prospect Prediction Markets Inc., which closed on November 18, 2025.
  • Statutory Hold Period: All securities issued are subject to a four‑month‑plus‑one‑day hold period under Canadian securities law.
  • No Finder’s Fees: The placement was completed without payment of any finder’s fees.

Notable Quotes

“The completion of this second tranche positions DeepMarkit to bring Prospect's innovative, blockchain‑powered prediction markets to a significantly broader audience,” – Steve Vanry, Chief Executive Officer.


All boilerplate, forward‑looking statements, and disclaimer sections have been omitted for brevity.

Read the original news release →

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