Luxxfolio Provides Update on Private Placement

Executive Summary

• Luxxfolio closed the first tranche of its non‑brokered private placement, issuing 4,624,000 units at $0.17 per unit for gross proceeds of $786,080.
• The company plans to complete a final tranche of up to $213,920 by month‑end, bringing total raised toward the $1 million target.
• Net proceeds will be used for general working capital and further development of its planned Litecoin mining operations.

Key Details

• First Tranche Close (Dec 9 2025): 4,624,000 units issued at $0.17 per unit → gross proceeds $786,080.
• Unit Composition: Each unit = one common share + one common share purchase warrant; warrants exercisable at $0.35 per share for 24 months from issuance.
• Final Tranche Target: Up to $213,920, representing the remaining balance of the $1 million offering, expected to close by end of January 2026 pending regulatory approvals and customary conditions.
• Use of Proceeds: General working capital and continued development of planned Litecoin mining operations.
• Statutory Hold Period: All securities subject to a hold period of four months and one day from issuance.
• Finder’s Fees: May be payable in connection with the offering.

Notable Quotes

(No executive quotes were included in the release.)