Business
LQWD Announces Closing of Brokered Portion of Financing for Gross Proceeds of C$10 Million
Vancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Canada's Bitcoin Lightning Strate...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"LQWD Announces Closing of Brokered Portion of Financing for Gross Proceeds of C$10 MillionVancouver, British Columbia--(Newsfile Corp. - July 10, 2025) - Canada's Bitcoin Lightning Strategy, LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) (\"LQWD\" or the \"Company\"), further to its press releases dated June 27, July 8, and 9, is pleased to announce the closing of its previously announced brokered private placement offering (the \"Brokered Offering\"), pursuant to which the Company sold 2,439,024 common shares (the \"Common Shares\") at a price of C$4.10 (or US$3.00) per Common Share for aggregate gross proceeds of approximately C$10 Million (or approximately US$7.317 Million).Maxim Group LLC acted as sole agent and book runner (the \"Agent\") in connection with the Brokered Offering. The Company paid a cash commission of US$512,195, equal to 7% of the aggregate gross proceeds under the Brokered Offering to the Agent. The Company is concurrently completing a non-brokered offering (the \"Non-Brokered Offering\" and together with the Brokered Offering, the \"Offering\") for expected aggregate gross proceeds of C$2.3 Million (or approximately US$1.683 Million), which is expected to close on or about July 11, 2025. The Brokered and Non-Brokered Offering are subject to receipt of final approval of the TSX Venture Exchange (\"TSXV\"). The Brokered Offering was made pursuant to Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, to purchasers outside Canada and the United States on a basis which does not require the qualification or registration of any of the Company's securities or require the Company to be subject to any ongoing disclosure requirements under any domestic securities laws. The Company filed a Form 45-106F19 offering document on June 27, 2025, and an amended and restated offering document on July 8, 2025 that can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca and on the Company's website at https://lqwdtech.com/.The Company intends to use the net proceeds from the Offering for the acquisition of Bitcoin for use as an operating asset in the Company's scalable Lightning Network services business, and general corporate purposes.The Common Shares to be offered pursuant to the Offering have not been, an...