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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].