
Luxxfolio Announces Closing of Oversubscribed Non-Brokered Private Placement
Newsfile Corp
Published: Jul 21, 2026, 06:30 AM GMT+9
Sentiment Analysis
LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTCQB: LUXFF) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to announce it has closed the previously announced non-brokered private placement of units in the capital of the Company (the "Units") through the issuance of 7,767,000 Units at a price of $0.20 per Unit (the "Financing"), for gross proceeds of $1,553,400. Each Unit consists of one (1) common share of the Company (each, a " Share ") and one half of one common share purchase warrant (each, a " Warrant "). Each Warrant entitles the holder thereof to purchase an additional Share (each, a " Warrant Share ") at an exercise price of $0.40 per Warrant Share for a period of 24 months from the closing of the Financing (the " Closing ") provided that the expiry of the Warrants can be accelerated if the closing price of the Company's common shares on the Canadian Securities Exchange is $0.60 or greater for a minimum of ten consecutive trading days, and a notice of acceleration is provided in accordance with the terms of the Warrants. The Company paid a further $95,438 in cash finder's fees and issued 477,190 share purchase warrants (the " Finder's Warrants ") to arm's length parties in connection with the Financing. The Finder's Warrants entitle the holder to purchase one Share at a price of $0.20 for a period of 24 months from the date of issuance. All securities issued in connection with the Financing, including the Units, the Shares, the Warrants and the Warrant Shares, are subject to a statutory hold period expiring four months and one day from the Closing, in accordance with applicable Canadian securities laws. Completion of the Financing is subject to customary conditions and the receipt of all necessary approvals, including the final acceptance of the Canadian Securities Exchange. The Company intends to use the net proceeds of the Financing for general working capital and development of its Litecoin and stablecoin projects.
Luxxfolio is a digital infrastructure and technology company focused on enabling the next generation of crypto-powered commerce. The Company is actively developing and investing in on-chain technologies that support real-world cryptocurrency use cases, including stablecoin payments, merchant processing, and self-custody wallets. Luxxfolio has adopted a Litecoin treasury strategy as part of its long-term vision. With a foundation in decentralized systems and digital assets, Luxxfolio aims to help accelerate the mainstream adoption of crypto for everyday payments.
Source: Newsfile Corp
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