DelphX Announces Non-Brokered Unit Private Placement and Warrant Extension

Core Viewpoint - DelphX Capital Markets Inc. is proceeding with a non-brokered private placement of 2,800,000 units at a subscription price of C$0.04 per unit, aiming for gross proceeds of C$112,000, with each unit consisting of one common share and one warrant [1][2] Group 1: Private Placement Details - The offering will consist of 2,800,000 units priced at C$0.04 each, totaling gross proceeds of C$112,000 [1] - Each unit includes one common share and one warrant, allowing the holder to purchase one common share at $0.07 for two years [1] - The completion of the offering is subject to TSX Venture Exchange approval, and the securities will have a hold period of four months plus one day [2] Group 2: Warrant Extension - DelphX plans to seek approval to extend the exercise period of 5,422,221 share purchase warrants from December 7, 2025, to December 7, 2026, with all other terms remaining unchanged [3] - The warrant extension is subject to acceptance by the TSX Venture Exchange [3] Group 3: Related Party Transactions - A total of 1,611,111 warrants are held by related parties, making the amendment a "related party transaction" under Multilateral Instrument 61-101 [4] - Exemptions from formal valuation and minority approval requirements can be relied upon as the fair market value of the warrants does not exceed 25% of DelphX's market capitalization [4] Group 4: Company Overview - DelphX is focused on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [5][7] - The company enables broker dealers to offer new private placement securities that provide fixed income and cryptocurrency solutions [5]