- Business
- DXI Capital Corp. (DXIEF) is a Canada-based capital shell company with no significant current operations that completed a reverse takeover transaction in July 2025, resulting in its name change to VVT Med Inc. and a strategic shift into the medical device sector focused on varicose vein treatments. Previously engaged in the exploration and production of oil and gas properties primarily in Canada and the United States, the company now supports the development, manufacturing, and commercialization of minimally invasive, non-thermal, non-tumescent solutions for varicose vein treatment through its acquisition of V.V.T. Med Ltd., an Israel-based entity offering products with competitive advantages including faster treatment times, reduced pain without anesthesia, and quicker recovery; these offerings target physicians and patients seeking alternatives to traditional methods. Founded in 1968 under the name Dejour Mines Limited and formerly known as DXI Energy Inc. before renaming to DXI Capital Corp. in September 2020, it is headquartered in Vancouver, Canada, with the reverse takeover also involving Exiteam Acquisition Corp. to facilitate public listing on the TSX Venture Exchange under the new ticker VM as of July 2025, accompanied by a 4:67 share consolidation, concurrent financings raising approximately C$4.7 million through subscription receipts and convertible debentures, and issuance of units with warrants.