Particle.news

Download on the App Store

Luxxfolio Files C$100 Million Shelf to Build Litecoin Treasury and Infrastructure

The filing would give the cash‑strapped firm a 25‑month window to sell securities to fund Litecoin reserves alongside payments infrastructure.

Overview

  • The preliminary base shelf prospectus was lodged on SEDAR+ across Canada except Québec, with each takedown to be detailed in a supplemental filing.
  • If cleared by regulators, the shelf permits up to C$100 million of common or preferred shares, debt, warrants, subscription receipts, or units over 25 months.
  • Luxxfolio says proceeds would expand its Litecoin treasury and support projects such as payments, self‑custody wallets, and merchant processing.
  • Recent financials show no revenue, a roughly $197,000 Q2 net loss, $112,000 in cash, and cumulative losses near $19 million, with a going‑concern warning.
  • The company reports 20,084 LTC in reserves, added Litecoin creator Charlie Lee to its advisory board, and has a reported 1 million LTC target by 2026, while shares fell about 3.6% after the announcement.