DelphX(DelphX) garante financiamento através de rondas contínuas de financiamento privado... "estratégia de liquidez faseada" atrai atenção

Canadian fintech company DelphX (DPXCF) has recently carried out a series of “non-intermediated private placements,” accelerating its fundraising efforts. While conducting small-scale fundraisings to support operations, the market is closely watching its future business expansion and financial flexibility.

On March 20th, local time, DelphX announced the completion of a non-intermediated unit private placement. Through this transaction, the company issued a total of 4.36 million units at CAD 0.05 per share, raising CAD 218,000. Each unit includes one common share and a warrant with an exercise price of CAD 0.08, valid for two years. The securities issued are subject to a “4 months + 1 day” lock-up period, pending approval from the Toronto Venture Exchange.

The funds raised will mainly be used for operational expenses and general corporate purposes. DelphX previously completed similar private placements in January and February, raising CAD 150,000 and CAD 205,000 respectively. Notably, the January transaction involved internal related parties subscribing to all shares, classifying it as a “related-party transaction,” but due to its small scale relative to the company’s valuation, it was exempt from requiring minority shareholder approval.

DelphX also announced an additional private placement plan with a maximum scale of CAD 125,000. The terms are the same as before, CAD 0.05 per unit, with the possibility of internal participation and broker commissions. The company explained that all funds will be used for general corporate operations.

The market is paying attention to DelphX’s ongoing strategy of repeated small-scale financings. Industry analysts believe this appears to be a “staged liquidity acquisition” approach rather than large-scale fundraising. Especially considering that the company’s blockchain-based financial product, “Quantum Encryption Securities,” is still in its early stages, it is deemed necessary to adopt a conservative approach to fund management to navigate external environment and regulatory variables.

Meanwhile, DelphX is also working on extending the exercise period of approximately 3.9 million warrants. The plan is to keep the exercise price at CAD 0.20 but extend the expiry date by one year to January 2027. The company explained this as “part of reflecting market conditions and maintaining flexible capital structure.”

Comment: While repeated small-scale financings can help obtain short-term liquidity, from an investor’s perspective, concerns about equity dilution may accumulate, requiring cautious consideration.