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The latest update is out from DelphX Capital Markets ( (TSE:DELX) ).
DelphX Capital Markets Inc. announced the closure of a non-brokered private placement, issuing 2,789,333 units at a price of C$0.09 per unit, raising C$251,040. The offering, which includes common shares and warrants, has received conditional acceptance from the TSX Venture Exchange, with final approval pending customary requirements. The proceeds from this offering will be used for general corporate purposes, potentially enhancing DelphX’s operational capabilities and market presence in the structured products sector.
More about DelphX Capital Markets
DelphX Capital Markets Inc. is a technology and financial services company that focuses on developing and distributing next-generation structured products for the fixed income market. Through its special purpose vehicle, Quantem LLC, DelphX provides fixed income dealers with innovative private placement securities that offer protection against rating downgrades and the potential for attractive returns. The company’s proprietary products include collateralized put options (CPOs) and collateralized reference notes (CRNs), both fully collateralized and held in custody by BNY Mellon.
YTD Price Performance: -20.0%
Average Trading Volume: 5,665
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $14.96M
For an in-depth examination of DELX stock, go to TipRanks’ Stock Analysis page.
