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Interlapse Completes Acquisition, Changes Name to LQwD FinTech Corp., and Commences Trading Under Symbol "LQWD"
Interlapse Completes Acquisition, Changes Name to LQwD FinTech Corp., and Commences Tradi...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n Interlapse Completes Acquisition, Changes Name to LQwD FinTech Corp., and Commences Trading Under Symbol \"LQWD\"\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen2{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n June 9, 2021\n \n /CNW/ - LQwD FinTech Corp. (formerly Interlapse Technologies Corp.) (\"LQwD\" or the \"Company\") (TSXV: LQWD) announces that it has closed its previously announced acquisition of LQwD Financial Corp. (\"LQwD Financial\") by acquiring all of the outstanding securities of LQwD Financial in exchange for the issuance of common shares (the \"Shares\") of the Company (the \"Transaction\"). The Company has changed its name from \"Interlapse Technologies Corp.\" to \"LQwD FinTech Corp.\" and will continue to be listed as a Tier 2 technology issuer under the policies of the TSX Venture Exchange (the \"Exchange\"). The new trading symbol is \"LQWD\".\n \n \n The Company, with LQwD Financial as its wholly owned subsidiary, will now pursue the business as described in the Management Information Circular dated\n \n April 22, 2021\n \n (the \"Circular\"), which is available under the Company's profile on SEDAR at\n \n www.sedar.com\n \n . The principal business of LQwD Financial is the development and commercial launch of its\n \n Lightning Network\n \n SaaS platform.\n \n \n \"This is an exciting day for all of us at LQwD,\" says Chairman and CEO Shone Anstey. \"We are looking forward to pursuing the opportunities and participating in the exponential growth now taking place on the Bitcoin Lightning Network and the continued support of our shareholders.\"\n \n \n \n Transaction\n \n \n \n The Company issued 22,400,001 Shares to the shareholders of LQwD Financial in consideration for the transfer of all of the issued and outstanding common shares i...