DelphX Raises C$50,000 in Non-Brokered Private Placement to Support Operations

DelphX Capital Markets ( (TSE:DELX) ) has issued an announcement.

DelphX Capital Markets Inc. has closed a non-brokered private placement, issuing 1,250,000 units at C$0.04 per unit for gross proceeds of C$50,000, with each unit comprising one common share and one warrant exercisable at C$0.06 for two years. The financing, which remains subject to TSX Venture Exchange approval and includes a four‑month plus one day hold period on the securities, will fund working capital and corporate overhead, modestly strengthening DelphX’s balance sheet as it advances its structured products platform for institutional and crypto-linked fixed-income markets.

Spark’s Take on TSE:DELX Stock

According to Spark, TipRanks’ AI Analyst, TSE:DELX is a Underperform.

DelphX Capital Markets faces substantial financial difficulties, with negative revenue and profitability, and a distressed balance sheet. While technical analysis shows some short-term positive momentum, the lack of profitability and poor valuation metrics weigh heavily on the stock’s overall score. The absence of notable earnings call data or corporate events leaves the financial performance and valuation as the primary determinants of the low score.

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 specializing in the development and distribution of next-generation structured products. Through its special purpose vehicle Quantem LLC, it enables broker-dealers to offer private placement securities that combine fixed-income and cryptocurrency exposure, including proprietary fully collateralized collateralized put options (CPOs) and collateralized reference notes (CRNs) for qualified institutional buyers.

Average Trading Volume: 71,396

Technical Sentiment Signal: Sell

Current Market Cap: C$8.55M

For an in-depth examination of DELX stock, go to TipRanks’ Overview page.