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An announcement from DelphX Capital Markets ( (TSE:DELX) ) is now available.
DelphX Capital Markets Inc. has closed a non-brokered private placement of 3,000,000 units at C$0.05 per unit, raising gross proceeds of C$150,000, with each unit consisting of one common share and one warrant exercisable at C$0.08 for two years. The financing, which was fully subscribed by an insider and classified as a related-party transaction under securities regulations, relied on exemptions from formal valuation and minority approval requirements and remains subject to TSX Venture Exchange approval; the securities are subject to a four-month-plus-one-day hold period, and the company plans to use the proceeds for working capital and corporate overhead, modestly strengthening its balance sheet as it advances its structured products platform.
The most recent analyst rating on (TSE:DELX) stock is a Hold with a C$0.07 price target. To see the full list of analyst forecasts on DelphX Capital Markets stock, see the TSE:DELX Stock Forecast page.
Spark’s Take on TSE:DELX Stock
According to Spark, TipRanks’ AI Analyst, TSE:DELX is a Neutral.
The score is held down primarily by very weak financial performance (persistent losses, negative cash flow, and negative equity), which outweighs the positive technical trend. Valuation remains unattractive/unclear with a negative P/E driven by losses, and the stock also shows overbought momentum risk (high RSI).
To see Spark’s full report on TSE:DELX stock, click here.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company focused on developing and distributing next-generation structured products. Through its special purpose vehicle Quantem LLC, the firm enables broker-dealers to offer private placement securities that combine fixed-income and cryptocurrency exposure, including proprietary collateralized put options and collateralized reference notes that provide secured protection or capped loss exposure on corporate bonds and digital assets, with all instruments fully collateralized and held in custody by US Bank.
Average Trading Volume: 169,379
Technical Sentiment Signal: Hold
Current Market Cap: C$16.13M
See more data about DELX stock on TipRanks’ Stock Analysis page.