DelphX Announces Completion of Private Placement Funding
DelphX Announces Completion of Private Placement Funding
Toronto, Ontario--(Newsfile Corp. - July 10, 2023) - DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) ("DelphX"), a leader in the development of new classes of structured products for the fixed income market, announced that, further to its news release of June 29, 2023 announcing the closing of the first tranche of its non-brokered private placement of units, DelphX has now terminated the private placement and therefore will not be closing further tranches of the private placement.
安大略省多伦多-(Newsfile Corp.-2023年7月10日)-DelphX Capital Markets Inc.(TSXV:DELX)(OTCQB:DPXCF)(“DelphX为固定收益市场开发新类别结构性产品的领先者)宣布,继2023年6月29日发布新闻稿宣布结束其第一批非经纪私募单位后,DelphX现已终止私募,因此将不会关闭更多部分的私募。
DelphX announced on June 29, 2023, the successful closing of the issuance of 5,425,000 Units at a subscription price of C$0.08 per Unit for gross proceeds of C$434,000. Each Unit consists of one common share ("Common Share") and one Common Share purchase warrant ("Warrant"). Each Warrant entitles the holder to purchase one Common Share at a price of C$0.15, for a period of two years from the date of issuance. The securities issued will be subject to a hold period of four months plus one day from the date of issuance. DelphX intends to use the net proceeds for working capital and general corporate purposes.
DelphX于2023年6月29日宣布,成功完成5,425,000个单位的发行,认购价为每单位0.08加元,总收益为434,000加元。每个单位由一股普通股(“普通股”)和一份普通股认购权证(“认股权证”)组成。每份认股权证使持有者有权以0.15加元的价格购买一股普通股,从发行之日起为期两年。已发行的证券的持有期为四个月加自发行之日起一天。DelphX打算将净收益用于营运资金和一般公司用途。
The Company originally planned to issue up to 18,750,000 units, but opted for a less dilutive funding level that would be sufficient to complete the launch of its novel Credit Rating Security (CRS) product, which will give bond holders and traders the ability to position against potential rating changes on existing bonds.
该公司最初计划发行最多18,750,000个单位,但选择了一个稀释程度较低的资金水平,足以完成其新型信用评级证券(CRS)产品的推出,该产品将使债券持有人和交易商能够针对现有债券的潜在评级变化建立头寸。
"Launching a new product category in the fixed income market involves a high level of legal and industry-specific expertise and expense," said DelphX CEO Patrick Wood. "Throughout this development process we have maintained a policy of prudent funding, but that strategy is particularly important now that we are on the cusp of commercialization. These funds will enable us to complete the final launch requirements for our industry-first solution for managers in the world's largest financial markets."
德尔福首席执行官帕特里克·伍德说:“在固定收益市场推出一个新的产品类别涉及高水平的法律和特定行业的专业知识和费用。在整个开发过程中,我们一直保持着谨慎融资的政策,但由于我们正处于商业化的边缘,这一战略尤其重要。这些资金将使我们能够完成我们为全球最大金融市场的经理人提供的行业第一解决方案的最终推出要求。“
Insiders participated in the private placement for 5,050,000 Units, and as a result the offering is considered a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). DelphX has relied on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation, as neither the fair market value of the securities issued to insiders nor the cash consideration paid for such securities exceeded 25% of DelphX's market capitalization. A material change report was not filed more than 21 days prior to closing as the participation of insiders and the extent of such participation was not finalized until shortly prior to the completion of the offering.
内部人士参与了5,050,000个单位的私募,因此,此次发行被认为是多边文件61-101所指的“关联方交易”特殊交易中少数股权持有人的保护(“MI 61-101”)。DelphX依赖MI 61-101关于关联方参与的第5.5(A)及5.7(1)(A)节所载的MI 61-101正式估值及少数股东批准要求的豁免,因为向内部人士发行的证券的公平市值或为该等证券支付的现金代价均不超过DelphX市值的25%。由于内部人士的参与以及这种参与的程度直到发行完成前不久才最终确定,在交易结束前21天以上没有提交重大变动报告。
In connection with the closing of the private placement, DelphX will pay cash finder's fees of C$16,000 and issue 200,000 finders' warrants (the "Finder's Warrants") to AlphaNorth Asset Management, an eligible finder. The Finder's Warrants will be exercisable at C$0.15 each for a period of two years after issuance.
关于私募的结束,DelphX将向合格的发现者AlphaNorth资产管理公司支付16,000加元的现金寻找者费用,并向AlphaNorth资产管理公司发行200,000份发现者认股权证(“发现者认股权证”)。发现者的认股权证将在发行后两年内以每股0.15加元的价格行使。
About DelphX Capital Markets Inc.
德尔福资本市场公司简介
DelphX is a technology and financial services company focused on developing and distributing the next generation of structured products. Through its special purpose vehicle Quantem LLC, the Company enables fixed income dealers to offer new private placement securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield. The new DelphX securities will enable dealers and their qualified institutional investors (QIBs) accounts to competitively structure, sell and make markets in:
德尔福是一家专注于开发和分销下一代结构化产品的技术和金融服务公司。通过其特殊目的载体Quantem LLC,该公司使固定收益交易商能够提供新的私募证券,以最佳方式转移和分散信用风险,同时允许提高收益率。新的DelphX证券将使交易商及其合格机构投资者(QIB)账户能够在以下方面具有竞争力地构建、销售和做市:
- Collateralized put options (CPOs) that provide secured default protection or rating downgrade protection for underlying corporate, municipal and sovereign securities;
- 抵押看跌期权(CPO),为标的公司、市政和主权证券提供有担保的违约保护或评级下调保护;
- Collateralized reference notes (CRNs) that enable credit investors to take on the default or rating downgrade exposure of an underlying security in exchange for enhanced yield.
- 抵押参考票据(CRN),使信用投资者能够承担基础证券的违约或评级下调敞口,以换取更高的收益率。
All CPOs and CRNs are fully collateralized and held in custody by BNY Mellon. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets.
所有CPO和CRN都由纽约梅隆银行完全抵押和托管。CPO和CRN是由DelphX Capital Markets创建和拥有的专有产品。
For more information about DelphX, please visit .
欲了解有关DelphX的更多信息,请访问。
Mark Forney, Corporate Development
DelphX Capital Markets Inc.
mark.forney@delphx.com
(718) 509-2160
马克·福尼,企业发展
DelphX Capital Markets Inc.
邮箱:mark.forney@delphx.com
(718)509-2160
Forward-Looking Statements
前瞻性陈述
This news release contains certain "forward-looking statements" including, without limitation, statements regarding the launch of the DelphX platform. Such forward-looking statements involve risks and uncertainties, both known and unknown, that may cause actual results or events to be materially different from those expressed or implied by such forward-looking statements, including but not limited to, business, economic and capital market conditions, regulatory uncertainties, and the demand for our products. The forward-looking statements in this news release are based on factors and assumptions regarding, among other things, the state of the capital markets, the ability of DelphX to successfully manage the risks inherent in pursuing business opportunities in the financial services industry, and the ability of DelphX to obtain qualified staff, equipment and services in a timely and cost-efficient manner to develop its business. Any forward-looking statement reflects information available to DelphX as of the date of this news release and, except as may be required by applicable laws, DelphX undertakes no intent or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or results or otherwise.
本新闻稿包含某些“前瞻性陈述”,包括但不限于有关推出DelphX平台的陈述。此类前瞻性陈述涉及已知和未知的风险和不确定性,可能会导致实际结果或事件与此类前瞻性陈述中明示或暗示的结果或事件大不相同,包括但不限于商业、经济和资本市场状况、监管不确定性以及对我们产品的需求。本新闻稿中的前瞻性陈述基于各种因素和假设,其中包括资本市场状况、DelphX成功管理在金融服务业寻求商机的内在风险的能力,以及DelphX以及时和经济高效的方式获得合格员工、设备和服务以发展其业务的能力。任何前瞻性陈述都反映了截至本新闻稿发布之日DelphX可获得的信息,除非适用法律另有要求,否则DelphX不承担任何更新或修改任何前瞻性陈述的意图或义务,无论是由于新信息、未来事件或结果或其他原因。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
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