Vancouver, British Columbia--(Newsfile Corp. - December 9, 2025) - LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to announce it has closed its first tranche of the previously announced non-brokered private placement of units in the capital of the Company (the "Units") for gross proceeds of $786,080 through the issuance of 4,624,000 Units at a price of $0.17 per Unit (the "Financing").Each Unit consists of one (1) common share of the Company (each, ...

Core Insights - The article highlights an insider sale by Jay S. Sidhu, Chairman & CEO of Customers Bancorp, Inc., involving 7,479 shares sold on November 25, 2025, for a total transaction value of approximately $523,947.33 [1][2] Company Overview - Customers Bancorp, Inc. is a regional bank holding company focused on commercial lending and technology-enabled banking services, generating revenue primarily through net interest income and fee-based services [8][7] - The company reported a total revenue of $1.42 billion and a net income of $176.51 million for the trailing twelve months (TTM) [4] Insider Transaction Details - The shares sold by Sidhu represented about 0.81% of his direct holdings prior to the transaction, indicating a minor reduction in his stake [6] - The sale was significantly smaller than Sidhu's recent median sale size of 40,901 shares, reflecting a lower-volume disposition [6] - The shares were sold at approximately $70.06 each, a premium to the market close of $68.90 on that day, aligning with a total return of 22.05% over the previous twelve months [6] Financial Performance - Customers Bancorp reported a third-quarter net income of $2.20 per share, marking a 68% increase compared to the same period the previous year [9] - The company has increased its provision for credit losses to $27 million from $17 million year-over-year, while the percentage of non-performing loans decreased to 0.17% from 0.34% [10] Expansion and Services - The bank has opened three new offices on the West Coast, including locations in Reno and Las Vegas, enhancing its branch network [10] - Customers Bancorp offers a range of deposit products, commercial and residential loans, and cash management services, primarily targeting small and middle-market businesses as well as individual consumers [7]

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]

Core Insights - Luxxfolio Holdings Inc. has appointed Leva Guoga to its board of directors, enhancing its leadership team with expertise in digital assets and blockchain technology [1][2] - The company has granted 500,000 stock options to Ms. Guoga, which will vest over 24 months and are exercisable at $0.40 for a five-year term [3] - Luxxfolio focuses on developing and investing in on-chain technologies to support real-world cryptocurrency applications, including stablecoin payments and merchant processing [4] Company Overview - Luxxfolio is a digital infrastructure and technology company aimed at facilitating the next generation of crypto-powered commerce [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] - Luxxfolio is actively involved in creating solutions for self-custody wallets and merchant processing, positioning itself within the growing digital asset ecosystem [4]