Luxxfolio closes $786,080 first tranche of placement

Executive Summary

• Luxxfolio Holdings Inc. closed the first tranche of its non-brokered private placement, raising gross proceeds of $786,080.
• The company simultaneously announced a change of auditor from Kenway, Mack, Slusarchuk, Stewart LLP to Can Partners LLP, effective November 4, 2025.

Key Details

• Financing Structure: The first tranche consisted of 4,624,000 units issued at a price of $0.17 per unit.
• Gross Proceeds: $786,080.
• Warrant Terms (Investors): Each unit includes one common share and one share purchase warrant. The warrants allow the purchase of additional shares at an exercise price of $0.35 per warrant share for a period of 24 months from closing.
• Finder’s Fees: The company paid $53,345 in cash finders' fees.
• Finder’s Warrants: 313,796 share purchase warrants were issued to finders, entitling holders to purchase one share at $0.35 per share for 24 months from issuance.
• Use of Proceeds: Net proceeds are intended for general working capital and the development of Litecoin and stablecoin projects.
• Auditor Change: The company changed its auditor from Kenway, Mack, Slusarchuk, Stewart LLP (KMSS) to Can Partners LLP, effective November 4, 2025.
• Auditor Transition Details: Can Partners will hold office until the next annual general meeting. The change was reviewed by the audit committee, and required letters from both former and successor auditors were filed on SEDAR+.
• Audit History: There were no modified opinions in KMSS’s audit reports for the two most recently completed fiscal years, and no reportable events occurred between KMSS and the company.

Notable Quotes

• None provided in the text.