DelphX Capital Markets Inc. and Belgravia Hartford Capital Inc. Announce Non-Binding Letter of Intent for First Quantem Crypto Security Transaction, and DelphX Announces CFO Transition and Grant of Options

Executive Summary

• DelphX Capital Markets entered into a non‑binding LOI with Belgravia Hartford Capital to pursue the first commercial Quantem Crypto Security (“QCS”) transaction, which would involve a corporate purchase of a QCS collateralized put option protecting Bitcoin treasury holdings.
• The company announced a CFO transition: Bill Hahn will depart; Simon Selkrig returns as CFO effective 1 Jan 2026.
• The Board approved the grant of 2,875,000 stock options at an $0.08 exercise price, each with a two‑year maturity.

Key Details

• LOI Scope: Collaboration on the first commercial QCS transaction; Belgravia to be the inaugural corporate purchaser of a QCS collateralized put option.
• Conditions: Transaction subject to definitive agreements, regulatory approvals, market conditions, and customary closing conditions; LOI is non‑binding except for confidentiality, compliance, and disclosure provisions.
• Advisory Role: Belgravia will provide advisory and structuring support, including program documentation, compliance processes, and coordination with the placement agent.
• CFO Change: Bill Hahn resigns as CFO to pursue another opportunity; Simon Selkrig re‑appointed as CFO effective 1 Jan 2026.
• Stock Option Grant: Board approved 2,875,000 options under the company’s stock option plan; two‑year maturity; exercise price $0.08 per common share.

Notable Quotes

(No direct quotes were provided in the release.)