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Financings

Prophecy DeFi Announces Closing of Unit Offering

By The Northwire Desk — AI Analysis Jan 16, 2026 · 17:31 PDFI · 0.16 Prophecy DeFi Inc.
PDFI · Price

Executive Summary

  • Prophecy DeFi Inc. closed a non‑brokered private placement of 7,000,000 units at $0.05 per unit, generating gross proceeds of $350,000.
  • Each unit includes one common share and one common share purchase warrant; warrants are exercisable at $0.10 per share for five years.
  • Proceeds will be used for working capital and general & administrative expenses; all securities are subject to a four‑month hold period.

Key Details

  • Units Issued: 7,000,000 units (each = 1 common share + 1 warrant).
  • Price per Unit: $0.05.
  • Gross Proceeds: $350,000 (7,000,000 × $0.05).
  • Warrant Terms: Each warrant convertible into one additional common share at $0.10; exercisable for five years from closing date.
  • Use of Proceeds: Working capital and other general & administrative costs.
  • Hold Period: Securities subject to a four‑month hold period from issuance date.
  • Closing Reference: Follows prior press release dated December 24, 2025 announcing the private placement.

Notable Quotes

(No executive quotes were included in the release.)

Read the original news release →

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