Luxxfolio Holdings Inc. announced a private placement of 12,500,000 units at a price of CAD 0.16 for gross proceeds of CAD 2,000,000 on June 9, 2022. The unit offering is comprised of one common share issued at CAD 0.16 per share with one whole warrant exercisable into one common share at CAD 0.21 for a period of 2 years. The transaction included participation from new investor, BIGG Digital Assets Inc. for 15% stake in the company.

As part of the transaction, a representative from BIGG Digital Assets Inc. has joined the company's board of directors and and will maintain certain pre-emptive rights. If over a period of 20 consecutive trading days, occurring at any time after the closing date of the unit offering, the volume-weighted average market closing price for the company's common shares on the Canadian Securities Exchange is equal to or greater than a VWAM of CAD 0.50, then the expiry date of the warrants may be accelerated by the company to a date not later than the 20th day that immediately follows the acceleration event.