Luxxfolio Announces $2.5 Million Non-Brokered Private Placement
June 26, 2025 5:00 AM EDT | Source: Luxxfolio Holdings Inc.
Vancouver, British Columbia--(Newsfile Corp. - June 26, 2025) - LUXXFOLIO Holdings Inc. (CSE: LUXX) (OTCQB: LUXFD) (FSE: LUH0) (the "Company" or "Luxxfolio") is pleased to announce a non-brokered private placement (the "Offering") of up to 10,000,000 units in the capital of the Company (the "Units") at a price of $0.25 per Unit for gross proceeds of up to $2,500,000. Each Unit consists of one (1) common share of the Company (each, a "Share") and one-half (1/2) of one Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase an additional Share (each, a "Warrant Share") at an exercise price of $0.50 per Warrant Share for a period of 24 months from the closing of the Offering (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 may pay finder's fees in connection with the Offering in accordance with applicable securities laws and the policies of the Canadian Securities Exchange. Completion of the Offering is subject to customary conditions and the receipt of all necessary approvals.
The Company intends to use the net proceeds of the Offering for general working capital and development of its Litecoin and stablecoin projects.
The Company also announces the grant of 1,400,000 incentive stock options to officers and consultants of the Company, 800,000 exercisable at a price of $0.25 per common share, expiring June 25, 2035 (the "Options"), and 600,000 exercisable at a price of $0.25 per common share, expiring June 25, 2030 (the "Additional Options"). The exercise of Additional Options will be subject to the approval by the shareholders of the Company of an updated incentive equity compensation plan allowing for the grant of such number of awards as may be adequate to allow for the grant of the Additional Option. Both the Options and Additional Options shall vest 25% on each of the three, six, nine and 12 month anniversaries of grant.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About LUXXFOLIO Holdings Inc.
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.
Contact Information:
For more information, please contact:
Tomek Antoniak, CEO
Tel: (833) 928-8883
Email: tomek@luxxfolio.com
www.luxxfolio.com
This news release contains forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including, without limitation, statements regarding the Offering and the use of proceeds thereof, the Company's anticipated business development and the results thereof, future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, are "forward-looking statements". Forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be materially different from any future results, events or developments expressed or implied by such forward looking statements. Such risks and uncertainties include, among others, the Company's limited operating history and lack of historical profits; risks related to the Company's business and financial position; fluctuations in the market price of the Company's common shares; that the Company may not be able to accurately predict its rate of growth and profitability; the Company's requirements for additional financing, and the effect of capital market conditions and other factors on capital availability; competition, including from more established or better financed competitors; and the need to secure and maintain corporate alliances and partnerships. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other risk factors that cause actions, events or results to differ from those anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in forward-looking statements. The Company has no intention to update any forward-looking statement, even if new information becomes available as a result of future events, new information or for any other reason, except as required by law.
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