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DelphX Capital Markets ( (TSE:DELX) ) just unveiled an update.
DelphX Capital Markets Inc. has successfully closed its non-brokered private placement, raising gross proceeds of C$459,350 through the issuance of 6,562,142 units. Each unit comprises one common share and one purchase warrant, with insiders participating significantly, making it a related party transaction. The company plans to use the net proceeds for general corporate purposes, and the completion of the offering is pending approval from the TSX Venture Exchange. This move is expected to support DelphX’s ongoing efforts to innovate in the fixed income market, potentially enhancing its market position and offering new opportunities for stakeholders.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company specializing in the development and distribution of innovative structured products for the fixed income market. Through its special purpose vehicle, Quantem LLC, DelphX enables fixed income dealers to offer new private placement securities that provide protection against spread and capital charge losses due to downgrades, while also offering attractive returns. The company’s proprietary products include Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs), which are fully collateralized and held in custody by US Bank.
YTD Price Performance: -44.00%
Average Trading Volume: 6,315
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.81M
For an in-depth examination of DELX stock, go to TipRanks’ Stock Analysis page.