Luxxfolio Holdings

01:16 PM EST - Luxxfolio Holdings : Announced today that the Company has closed its previously announced and upsized underwritten public offering of Units of the Company led by PI Financial Corp., which includes Canaccord Genuity Inc. and M Partners Inc. The underwriters exercised their option to purchase 600,000 units of the overallotment option and as a result, the Company issued a total of 13.6 million units at a price of 70 cents per unit and 350,000 additional common share purchase warrants for gross proceeds of $9.534 Million. The net proceeds from the offering will be used for working capital requirements as well as for the development, sustaining capital, and maintenance of the Company's Bitcoin mining operation. Luxxfolio Holdings shares C.LUXX are trading unchanged at $0.58.

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