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.
安大略省多倫多-(Newsfile Corp.-2023年7月10日)-DelphX Capital Markets Inc.(TSXV:DELX)(OTCQB:DPXCF)(“DelphX為固定收益市場開發新類別結構性產品的領先者)宣佈,繼2023年6月29日發佈新聞稿宣佈結束其第一批非經紀私募單位後,DelphX現已終止私募,因此將不會關閉更多部分的私募。
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於2023年6月29日宣佈,成功完成5,425,000個單位的發行,認購價為每單位0.08加元,總收益為434,000加元。每個單位由一股普通股(“普通股”)和一份普通股認購權證(“認股權證”)組成。每份認股權證使持有者有權以0.15加元的價格購買一股普通股,從發行之日起為期兩年。已發行的證券的持有期為四個月加自發行之日起一天。DelphX打算將淨收益用於營運資金和一般公司用途。
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.
該公司最初計劃發行最多18,750,000個單位,但選擇了一個稀釋程度較低的資金水準,足以完成其新型信用評級證券(CRS)產品的推出,該產品將使債券持有人和交易商能夠針對現有債券的潛在評級變化建立頭寸。
"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."
德爾福首席執行官帕特裡克·伍德說:“在固定收益市場推出一個新的產品類別涉及高水平的法律和特定行業的專業知識和費用。在整個開發過程中,我們一直保持著謹慎融資的政策,但由於我們正處於商業化的邊緣,這一戰略尤其重要。這些資金將使我們能夠完成我們為全球最大金融市場的經理人提供的行業第一解決方案的最終推出要求。“
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.
內部人士參與了5,050,000個單位的私募,因此,此次發行被認為是多邊檔案61-101所指的“關聯方交易”特殊交易中少數股權持有人的保護(“MI 61-101”)。DelphX依賴MI 61-101關於關聯方參與的第5.5(A)及5.7(1)(A)節所載的MI 61-101正式估值及少數股東批准要求的豁免,因為向內部人士發行的證券的公平市值或為該等證券支付的現金代價均不超過DelphX市值的25%。由於內部人士的參與以及這種參與的程度直到發行完成前不久才最終確定,在交易結束前21天以上沒有提交重大變動報告。
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.
關於私募的結束,DelphX將向合格的發現者AlphaNorth資產管理公司支付16,000加元的現金尋找者費用,並向AlphaNorth資產管理公司發行200,000份發現者認股權證(“發現者認股權證”)。發現者的認股權證將在發行後兩年內以每股0.15加元的價格行使。
About DelphX Capital Markets Inc.
德爾福資本市場公司簡介
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:
德爾福是一家專注於開發和分銷下一代結構化產品的技術和金融服務公司。通過其特殊目的載體Quantem LLC,該公司使固定收益交易商能夠提供新的私募證券,以最佳方式轉移和分散信用風險,同時允許提高收益率。新的DelphX證券將使交易商及其合格機構投資者(QIB)賬戶能夠在以下方面具有競爭力地構建、銷售和做市:
- Collateralized put options (CPOs) that provide secured default protection or rating downgrade protection for underlying corporate, municipal and sovereign securities;
- 抵押看跌期權(CPO),為標的公司、市政和主權證券提供有擔保的違約保護或評級下調保護;
- 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.
- 抵押參考票據(CRN),使信用投資者能夠承擔基礎證券的違約或評級下調敞口,以換取更高的收益率。
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都由紐約梅隆銀行完全抵押和託管。CPO和CRN是由DelphX Capital Markets創建和擁有的專有產品。
For more information about DelphX, please visit .
欲瞭解有關DelphX的更多資訊,請訪問。
Mark Forney, Corporate Development
DelphX Capital Markets Inc.
mark.forney@delphx.com
(718) 509-2160
梅克·福尼,企業發展
DelphX Capital Markets Inc.
郵箱:mark.forney@delphx.com
(718)509-2160
Forward-Looking Statements
前瞻性陳述
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.
本新聞稿包含某些“前瞻性陳述”,包括但不限於有關推出DelphX平臺的陳述。此類前瞻性陳述涉及已知和未知的風險和不確定性,可能會導致實際結果或事件與此類前瞻性陳述中明示或暗示的結果或事件大不相同,包括但不限於商業、經濟和資本市場狀況、監管不確定性以及對我們產品的需求。本新聞稿中的前瞻性陳述基於各種因素和假設,其中包括資本市場狀況、DelphX成功管理在金融服務業尋求商機的內在風險的能力,以及DelphX以及時和經濟高效的方式獲得合格員工、設備和服務以發展其業務的能力。任何前瞻性陳述都反映了截至本新聞稿發佈之日DelphX可獲得的資訊,除非適用法律另有要求,否則DelphX不承擔任何更新或修改任何前瞻性陳述的意圖或義務,無論是由於新資訊、未來事件或結果或其他原因。
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.
多倫多證券交易所創業板交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
To view the source version of this press release, please visit
要查看本新聞稿的源版本,請訪問