- DelphX Capital Markets (DELX) has closed its private placement of 7,000,000 common shares for gross proceeds of C$2,310,000
- DelphX will pay cash finder’s fees of $151,221 and issue 458,245 finders’ warrants
- DelphX is a technology and financial services company focused on bringing new and exciting alternatives to structured product and credit markets
- DelphX Capital Markets Inc. (DELX) opened trading at $0.65 per share
DelphX Capital Markets (DELX) has closed its private placement of 7,000,000 common shares for gross proceeds of C$2,310,000.
DelphX will pay cash finder’s fees of $151,221 and issue 458,245 finders’ warrants. The finders’ warrants will be exercisable at $0.33 each for a period of 5 years after issuance.
The securities issued are subject to a hold period of four months and a day from the date of closing and the offering is conditional upon final acceptance by the TSXV.
DelphX is a technology and financial services company. Through its platform Quantem and its broker-dealer DelphX Services Corp, it enables fixed-income dealers to offer new Rule 144A securities that optimally transfer and diffuse credit risk, while allowing the enhancement of yield.
The new DelphX trading platform will be regulated by the SEC and enable dealers to competitively structure, sell and make markets in:
- Collateralized Put Options (CPOs) provide secured default protection for underlying corporate, municipal and sovereign securities, with each CPO strike price equaling the par value of its underlying security.
- Collateralized Reference Notes (CRNs) enable credit investors to take on the default exposure of a single underlying security or optionally participate in a pool of diversified risks that broadly diffuse the impact of credit events.
All CPOs and CRNs are fully collateralized and held in custody by an independent custodian. CPOs and CRNs are proprietary products created and owned by DelphX Capital Markets Inc.
DelphX is a technology and financial services company focused on bringing new and exciting alternatives to structured product and credit markets.
DelphX Capital Markets Inc. (DELX) opened trading at $0.65 per share.