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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]