DelphX Capital Markets Inc. (TSXV: DELX) (OTC Pink: DPXCF) has closed a non-brokered unit private placement that was originally announced on October 19, 2026. The Toronto and New York-based structured products company issued 5,500,000 units at C$0.01 per unit, raising gross proceeds of C$55,000. The offering includes warrants exercisable at C$0.06 per share until November 6, 2028, and brings the company's total shares issued and outstanding to 257,210,183. Investors may be watching for final acceptance of the offering by the TSX Venture Exchange.

Key Points

  • DelphX Capital Markets Inc. (TSXV: DELX / OTC Pink: DPXCF) closed its previously announced non-brokered private placement on November 6, 2026
  • The company issued 5,500,000 units at C$0.01 each, generating gross proceeds of C$55,000 for general working capital and corporate overhead
  • Each unit consists of one common share and one warrant exercisable at C$0.06 until November 6, 2028; securities are subject to a hold period expiring March 7, 2027
  • Investors should watch for TSX Venture Exchange final acceptance, which remains outstanding as of the announcement date

Offering Structure and Warrant Terms for DELX Unit Placement

Each of the 5,500,000 units issued under the offering comprises one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of C$0.06, with an expiry date of November 6, 2028 — two years from the date of issuance. The release states that no finder's fees were paid in connection with the offering and no insiders of the company participated. The offering is still subject to final acceptance from the TSX Venture Exchange.

Proceeds Earmarked for DelphX Working Capital and Overhead

The company disclosed that net proceeds from the offering will be directed toward general working capital and corporate overhead. DelphX noted that no single specific use is expected to represent 10% or more of the gross proceeds, and confirmed that none of the proceeds will be paid to non-arm's length parties. The release also states that no more than 10% of the gross proceeds will be used to fund investor relations activities. The securities issued are subject to a hold period expiring March 7, 2027, and carry an additional Exchange Hold Period given the sub-C$0.05 unit pricing.

Share Count and DelphX's Structured Products Business Context

Following the closing, DelphX reports 257,210,183 common shares issued and outstanding. The company describes itself as focused on developing and distributing structured products through its special purpose vehicle Quantem LLC, enabling broker-dealers to offer collateralized put options and collateralized reference notes linked to corporate bonds and cryptocurrencies. The disclosure suggests the relatively modest capital raise is intended to sustain operational continuity as the company continues building its structured products platform. The immediate share price impact was not clear from available public information.