Luxxfolio Announces C$7 Million Bought Deal Financing

LUXXFOLIO Holdings Inc. (the “Company” or “LUXXFOLIO”) (CSE: LUXX) (OTCQB: LUXFF), a vertically-integrated digital asset company, announced today that it has entered into an agreement with PI Financial Corp., together with Canaccord Genuity Corp., and M Partners Inc., (the “Underwriters”) pursuant to which the Underwriters have agreed to buy on a bought deal basis 10,000,000 units (the “Units”) of the Company, at a price of C$0.70 per Unit for gross proceeds of approximately C$7 million (the “Offering”). Each Unit consists of one common share (each a “Common Share”) and one-half warrant (each whole warrant, a “Warrant”). Each Warrant is exercisable to acquire a Common Share (each a “Warrant Share”) at an exercise price of C$1.00 for a period of 24 months from the closing of the Offering.The Company has granted the Underwriters an option, exercisable at the offering price for a period of 30 days following the closing of the Offering, to purchase up to an additional 1,500,000 Units to cover over-allotments, if any, and for market stabilization purposes