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Luxxfolio Announces Closing of Final Tranche of Private Placement
TMX Newsfile· 2026-01-30 23:06
Core Viewpoint - LUXXFOLIO Holdings Inc. has successfully completed the second tranche of a non-brokered private placement, raising a total of $1,029,180 through the issuance of 6,054,000 Units, which will be used for general working capital and the development of its Litecoin and stablecoin projects [1][2][4]. Financing Details - The second tranche involved the issuance of 1,430,000 Units at a price of $0.17 per Unit, generating gross proceeds of $243,100 [1][2]. - Each Unit consists of one common share and one share purchase warrant, with each warrant allowing the purchase of an additional share at an exercise price of $0.35 for a period of 24 months [2]. Finder's Fees - The Company paid $17,017 in cash finder's fees and issued 100,100 Finder's Warrants in connection with the second tranche [3]. - In total, across both tranches, the Company paid $70,363 in cash finder's fees and issued 413,896 Finder's Warrants [3]. Company Overview - LUXXFOLIO is a digital infrastructure and technology company focused on enabling crypto-powered commerce, developing on-chain technologies for stablecoin payments, merchant processing, and self-custody wallets [6]. - The Company has adopted a Litecoin treasury strategy as part of its long-term vision to accelerate mainstream adoption of cryptocurrency for everyday payments [6].
Luxxfolio Provides Update on Private Placement
TMX Newsfile· 2026-01-09 03:45
Core Viewpoint - LUXXFOLIO Holdings Inc. is progressing with its non-brokered private placement, having completed the first tranche and planning a final tranche to raise a total of $1,000,000 for its operations and Litecoin mining development [1][3]. Group 1: Offering Details - The first tranche of the Offering closed on December 9, 2025, issuing 4,624,000 units at a price of $0.17 per unit, resulting in gross proceeds of $786,080 [2]. - Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $0.35 per share for 24 months [2]. - The final tranche aims to raise up to $213,920, completing the total Offering amount of $1,000,000, pending regulatory approvals [3]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general working capital and the ongoing development of the company's planned Litecoin mining operations [3]. Group 3: Company Overview - LUXXFOLIO Holdings Inc. focuses on digital infrastructure and technology, aiming to enhance crypto-powered commerce through on-chain technologies [5]. - The company is developing solutions for stablecoin payments, merchant processing, and self-custody wallets, with a long-term strategy involving a Litecoin treasury [5].
Luxxfolio Announces Closing of First Tranche of Private Placement
Newsfile· 2025-12-09 11:00
Core Viewpoint - LUXXFOLIO Holdings Inc. has successfully closed its first tranche of a non-brokered private placement, raising gross proceeds of $786,080 through the issuance of 4,624,000 units at a price of $0.17 per unit [1] Group 1: Financing Details - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at an exercise price of $0.35 for 24 months [2] - The company paid $53,345 in cash finder's fees and issued 313,796 finder's warrants in connection with the offering [3] - The net proceeds from the offering will be used for general working capital and the development of Litecoin and stablecoin projects [4] Group 2: Auditor Change - The company has changed its auditor from Kenway, Mack, Slusarchuk, Stewart LLP to CAN PARTNERS LLP effective November 4, 2025 [6] - The change has been reviewed by the company's Audit Committee, and there were no modified opinions or reportable events between the former and new auditors [6] Group 3: Company Overview - LUXXFOLIO is a digital infrastructure and technology company focused on enabling crypto-powered commerce, developing on-chain technologies for real-world cryptocurrency use cases [7] - The company has adopted a Litecoin treasury strategy as part of its long-term vision to accelerate mainstream adoption of cryptocurrency for everyday payments [7]
Luxxfolio Announces $1 Million Non-Brokered Private Placement
Newsfile· 2025-11-21 23:47
Group 1 - LUXXFOLIO Holdings Inc. announced a non-brokered private placement of up to 5,882,352 units at a price of $0.17 per unit, aiming for gross proceeds of up to $1,000,000 [1] - Each unit consists of one common share and one share purchase warrant, with the warrant allowing the purchase of an additional share at an exercise price of $0.35 for 24 months [1] - The company may pay finder's fees in accordance with applicable securities laws and the completion of the offering is subject to customary conditions and necessary approvals [2] Group 2 - The net proceeds from the offering will be used for general working capital and the development of Litecoin mining initiatives [2] - LUXXFOLIO is focused on enabling crypto-powered commerce and is developing on-chain technologies for real-world cryptocurrency use cases, including stablecoin payments and merchant processing [4] - The company has adopted a Litecoin treasury strategy as part of its long-term vision to accelerate mainstream adoption of cryptocurrency for everyday payments [4]