DelphX Capital Markets Inc. (TSXV: DELX) (OTC Pink: DPXCF) has announced a non-brokered private placement of up to 7,000,000 units at C$0.01 per unit, seeking gross proceeds of up to approximately C$70,000. The structured-products company also disclosed that its OTC Pink Markets quotation under the symbol DPXCF is expected to be discontinued in the coming months. Both developments are material for existing shareholders, particularly those holding DPXCF through U.S. brokerage accounts. The immediate share price impact was not clear from available public information.

Key Points

  • DelphX Capital Markets Inc. (TSXV: DELX / OTC Pink: DPXCF) is a Toronto- and New York-based structured-products technology and financial services company.
  • The company has commenced a non-brokered private placement of up to 7,000,000 units at C$0.01 per unit, for gross proceeds of up to approximately C$70,000.
  • Each unit includes one common share and one warrant exercisable at C$0.06 per share for two years from issuance; closing is targeted on or before October 26, 2026.
  • Investors should watch for TSX Venture Exchange approval of the offering and the timing of the DPXCF OTC quotation wind-down.

Structure and Terms of the DelphX Unit Private Placement

Each unit in the offering comprises one common share and one common share purchase warrant. The warrant entitles the holder to acquire one additional common share at an exercise price of C$0.06 for a period of two years from the date of issuance. The company expects to close the offering on or before October 26, 2026, subject to TSX Venture Exchange approval. Securities issued will carry a hold period of four months plus one day from issuance. Because the units are priced below C$0.05, they will also be subject to the Exchange Hold Period and legended accordingly.

Intended Use of Proceeds From the Offering

DelphX states that net proceeds will be directed toward working capital and general corporate overhead. The release specifies that no more than 10% of gross proceeds will be allocated to investor relations activities. The company may also elect to pay finder's fees to eligible finders in compliance with TSX Venture Exchange policies, with details to be announced at a later date. The offering is non-brokered and is not fully underwritten, meaning there is no guarantee that the maximum C$70,000 in gross proceeds will be raised.

DelphX to Wind Down DPXCF OTC Pink Markets Quotation

The company disclosed that its U.S. OTC Markets quotation has moved to the Pink Limited market and that DelphX does not intend to maintain the DPXCF quote, which may end within the coming months. The primary listing on the TSX Venture Exchange under the symbol DELX remains unaffected. Shareholders holding DPXCF through U.S. brokerage accounts are advised by the company to contact their broker about transferring their position to an account capable of trading on the TSX Venture Exchange, as the underlying shares are identical in both markets.