Original News Release
Delphx closes further $50,000 in private placement
Mr. George Wentworth reports
DELPHX ANNOUNCES CLOSING OF ADDITIONAL UNITS IN NON-BROKERED UNIT PRIVATE PLACEMENT, AND GRANT OF STOCK OPTIONS
Further to the news release dated Aug. 29, 2025, with respect to a non-brokered private placement, Delphx Capital Markets Inc. has issued an additional one million units at a subscription price of five cents per unit for additional gross proceeds of $50,000. Completion of the additional issuance will result in the company having issued an aggregate of six million units for aggregate proceeds of $300,000 in the private placement. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of eight cents for a period of two years from the date of issuance.
Insiders participated in the offering, subscribing for one million units, and, as a result, the offering is considered a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) and TSX Venture Exchange Policy 5.9 (Protection of Minority Security Holders in Special Transactions). However, Delphx has relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation, as neither the fair market value of the securities issued to insiders, nor the cash consideration paid for such securities exceeded 25 per cent of Delphx's market capitalization. A material change report was not filed more than 21 days prior to closing of the offering as the participation of insiders in the offering and the extent of such participation were not finalized until shortly prior to the completion of the offering.
The offering has been conditionally accepted by the TSX Venture Exchange, and completion of the offering is subject to the fulfilment of certain customary requirements and final acceptance by 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 intends to use the net proceeds from the offering in connection with general corporate purposes.
Delphx also announces that its board of directors has approved the grant of 1.8 million stock options to eligible participants under its stock option plan. The options have a two-year maturity and are exercisable for common shares of Delphx at an exercise price of eight cents per common share, all in accordance with the plan.
About Delphx Capital Markets Inc.
Delphx is a technology and financial service 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 investor accounts to competitively structure, sell and make markets in:
Collateralized put options that provide secured rating downgrade protection for underlying corporate bonds and/or protection from losses in cryptocurrency holdings;
Collateralized reference notes 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 U.S. Bank. CPOs and CRNs are proprietary products created and owned by Delphx Capital Markets.
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