Overview

• The preliminary base shelf would allow up to CAD$100 million of common or preferred shares, debt, warrants, subscription receipts, or units to be issued over 25 months.
• Luxxfolio says proceeds are earmarked for Litecoin infrastructure and treasury programs alongside other growth initiatives and strategic investments.
• The company reported zero revenue in Q2, a roughly $197,000 net loss, just $112,000 in cash, and nearly CAD$19 million in cumulative losses.
• Litecoin creator Charlie Lee joined the advisory board in June as Luxxfolio repositioned its business around LTC.
• Other public companies have disclosed sizable Litecoin treasuries, including MEI Pharma’s purchase of 929,548 LTC for about $110.4 million, signaling a broader trend.