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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].