DelphX Shares for Services: A Heartfelt Update on Our Latest Announcement
Description:
Toronto, Ontario–(Newsfile Corp. – November 20, 2024) – DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) (“DelphX” or the “Company”), a leader in the development of new classes of structured products for the fixed income market, announces that pursuant to an agreement with a consultant for services in connection with the conclusion of a non-binding letter of intent with multiple hedge fund counterparties for the offering of up to $3 billion of notional credit spread protection via DelphX’s Credit Rating Securities (CRS) program (announced August 28, 2024), the Company will issue 138,888 common shares (the “Common Shares”) to the consultant in satisfaction of the C$25,000 fee payable to the consultant. The Common Shares will be issued at a deemed price of $0.18 per share, being the closing price of the Common Shares on the TSX Venture Exchange on August 28, 2024.
A Heartfelt Update:
DelphX is truly excited to announce this latest development in our journey to provide innovative solutions in the fixed income market. We are grateful for the opportunity to work with talented consultants and hedge fund counterparties to offer notional credit spread protection through our CRS program. This collaboration showcases our commitment to creating value for our partners and clients while paving the way for new possibilities in the financial industry.
As we issue common shares to our consultant in exchange for their valuable services, we are reminded of the importance of building strong relationships based on trust, expertise, and mutual benefit. Our dedication to excellence and innovation drives us to continually push boundaries and explore new avenues for growth and success.
We are confident that this partnership will not only benefit DelphX and our stakeholders but also contribute to the overall development and evolution of the fixed income market. By leveraging our expertise and resources, we aim to make a positive impact and drive positive change in the industry.
How this will affect me:
As an individual investor or financial enthusiast, this announcement may signal new opportunities in the fixed income market. DelphX’s innovative approach and strategic partnerships could potentially offer you access to unique investment products and services that cater to your specific needs and preferences. Stay informed and monitor the developments closely to make sound investment decisions.
How this will affect the world:
The collaboration between DelphX and its partners in offering notional credit spread protection represents a step towards greater financial inclusivity and sophistication in the global market. By introducing new classes of structured products and solutions, DelphX is contributing to the evolution and progress of the financial industry, ultimately shaping the future of financial markets worldwide.
Conclusion:
DelphX remains dedicated to innovation, excellence, and collaboration as we strive to redefine the landscape of the fixed income market. Our latest announcement reflects our commitment to creating value, driving positive change, and fostering growth in the industry. Stay tuned for more updates and exciting developments as we continue to push boundaries and create new opportunities for our partners and clients.
