Collateralized put options (CPOs)
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DelphX Announces Closing of Non-Brokered Unit Private Placement
Newsfile· 2025-10-08 12:56
Group 1 - DelphX Capital Markets Inc. has closed a non-brokered private placement, issuing 1,500,000 units at a subscription price of C$0.05 per unit, resulting in gross proceeds of C$75,000 [1] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at a price of $0.08 for two years [1] - An insider subscribed for 1,000,000 units, classifying the offering as a "related party transaction" under MI 61-101, but exemptions were relied upon as the transaction did not exceed 25% of DelphX's market capitalization [2] Group 2 - DelphX will pay cash finder's fees of $3,500 and issue 70,000 finder's warrants to AlphaNorth Asset Management, with the finder's warrants exercisable at $0.08 for two years [3] - The completion of the offering is subject to TSX Venture Exchange approval, and the securities will be under a hold period of four months plus one day from issuance [3] Group 3 - The net proceeds from the offering will be used for general corporate purposes [4] - DelphX focuses on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [5][7] - CPOs provide secured rating downgrade protection for corporate bonds and cryptocurrency holdings, while CRNs offer capped exposure to rating downgrades and cryptocurrency losses in exchange for attractive returns [7]
DelphX Quantem Crypto Securities Program Update
Newsfile· 2025-09-15 13:07
Core Insights - DelphX Capital Markets Inc. is advancing its Quantem Crypto Securities (QCS) program, which is designed for institutional investors to provide downside protection against significant price declines in cryptocurrencies while eliminating counterparty risk [2][4]. Group 1: QCS Program Development - The QCS offering is currently being evaluated by multiple digital asset treasuries and hedge funds for inclusion in their portfolio strategies [2]. - DelphX will attend the Bitcoin Treasuries Conference in New York to engage with potential first adopters and partners, expecting to finalize initial alignments by the end of the month [3]. Group 2: Strategic Initiatives - The company has initiated a strategic review to explore the establishment of its own digital asset treasury, which would incorporate QCS as a direct downside hedge [4]. - DelphX is broadening its relevance and expanding revenue opportunities across multiple markets alongside the QCS program [5]. Group 3: Company Overview - DelphX is focused on developing and distributing next-generation structured products through its special purpose vehicle, Quantem LLC, enabling broker dealers to offer new private placement securities [6]. - The company offers collateralized put options (CPOs) and collateralized reference notes (CRNs) that provide secured rating downgrade protection and exposure to cryptocurrency losses in exchange for attractive returns [8].
DelphX Announces Non-Brokered Unit Private Placement
Newsfile· 2025-08-29 22:10
Group 1 - DelphX Capital Markets Inc. has closed a non-brokered private placement of 5,000,000 units at a subscription price of C$0.05 per unit, resulting in gross proceeds of C$250,000 [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one common share at a price of $0.08 for two years [1] - Insiders subscribed for 200,000 units, qualifying the offering as a "related party transaction" under MI 61-101, but exemptions from formal valuation and minority approval were utilized [2] Group 2 - The offering has been conditionally accepted by the TSX Venture Exchange, with completion subject to customary requirements and final acceptance [3] - The net proceeds from the offering will be used for general corporate purposes [3] Group 3 - DelphX focuses on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [4][6] - CPOs provide secured rating downgrade protection for corporate bonds and cryptocurrency holdings, while CRNs offer capped exposure to rating downgrades and cryptocurrency losses in exchange for attractive returns [6]
DelphX Announces Warrant Extension
Newsfile· 2025-08-22 17:02
Core Viewpoint - DelphX Capital Markets Inc. is seeking approval from the TSX Venture Exchange to extend the exercise period of certain share purchase warrants by one year, which indicates a strategic move to provide more flexibility for investors [1][2]. Group 1: Warrant Details - The company intends to extend the exercise period of 4,825,715 share purchase warrants, originally exercisable at $0.30 per common share, to August 25, 2026 [2]. - Additionally, 2,825,000 share purchase warrants, exercisable at $0.15 per common share, will also have their exercise period extended to August 30, 2026 [2]. - All other terms and conditions of the warrants will remain unchanged, and the extension is subject to acceptance by the TSX Venture Exchange [3]. Group 2: Related Party Transactions - A total of 1,929,286 warrants are held by parties considered "related parties" of DelphX, making the amendment a "related party transaction" under relevant regulations [4]. - The company can rely on exemptions from formal valuation and minority approval requirements since the fair market value of the warrants does not exceed 25% of DelphX's market capitalization [4]. Group 3: Company Overview - DelphX is focused on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs) [5][8]. - The company enables broker-dealers to offer new private placement securities that provide fixed income and cryptocurrency solutions [5]. - CPOs and CRNs are fully collateralized and held in custody by US Bank, showcasing the company's commitment to security and reliability in its offerings [6][8].
DelphX Midsummer Update
Newsfile· 2025-07-31 21:53
Core Insights - DelphX Capital Markets Inc. is expanding its broker dealer, DelphX Services Corp, to market private placements for public and private growth companies across North America, aiming to generate revenue from fees associated with these engagements while bringing its Credit Rating Securities (CRS) to market [1][3] - The company is developing a new structured product called Quantem Crypto Security (QCS) to address the needs of Qualified Institutional Buyers and corporate treasury strategies in the volatile crypto market, with a rollout expected by late August or early September [2][3] - DelphX anticipates enhanced revenue opportunities through three distinct potential revenue verticals, which will broaden its relevance and credibility in the market [3] Company Overview - DelphX is focused on developing and distributing next-generation structured products, including collateralized put options (CPOs) and collateralized reference notes (CRNs), which provide secured protection for corporate bonds and cryptocurrency holdings [4][7] - The company operates through its special purpose vehicle, Quantem LLC, enabling broker dealers to offer new private placement securities that cater to both fixed income and cryptocurrency solutions [4][5]