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DelphX Capital Markets ( (TSE:DELX) ) has provided an announcement.
DelphX Capital Markets Inc. has successfully closed a non-brokered private placement, raising gross proceeds of C$160,200 by issuing 1,335,000 units. This transaction is considered a related party transaction due to insider participation, but DelphX has utilized exemptions from certain regulatory requirements. The deal is conditionally accepted by the TSX Venture Exchange, with securities subject to a hold period. Proceeds from the offering will be directed towards general corporate purposes, potentially impacting DelphX’s operational capability and financial flexibility.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company focused on developing and distributing the next generation of structured products. It operates through its special purpose vehicle, Quantem LLC, to enable fixed income dealers to offer innovative private placement securities that provide protection against rating downgrades and allow for attractive returns.
YTD Price Performance: -6.12%
Average Trading Volume: 3,548
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $17.32M
For detailed information about DELX stock, go to TipRanks’ Stock Analysis page.