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DelphX Capital Markets ( (TSE:DELX) ) has shared an announcement.
DelphX Capital Markets Inc. announced a non-brokered private placement of 7,090,715 units at a price of C$0.07 per unit, aiming to raise C$496,350. This initiative includes common shares and warrants, with the latter allowing purchase of additional shares at C$0.08 over five years. The offering is pending TSX Venture Exchange approval and will support general corporate purposes. This move is expected to enhance DelphX’s financial flexibility and potentially strengthen its market position in the structured products sector.
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 offers private placement securities that provide protection against rating downgrades and enable attractive returns. Their proprietary products, Collateralized Put Options (CPOs) and Collateralized Reference Notes (CRNs), are fully collateralized and held in custody by BNY Mellon.
YTD Price Performance: -44.00%
Average Trading Volume: 6,315
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $9.83M
For a thorough assessment of DELX stock, go to TipRanks’ Stock Analysis page.