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LQWD Announces Non-Brokered Private Placement to Excel Bitcoin Lightning Network Operations
VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / LQWD Technologies Corp. ("LQWD" or the "Company"), ...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"LQWD Announces Non-Brokered Private Placement to Excel Bitcoin Lightning Network OperationsVANCOUVER, BC / ACCESSWIRE / July 22, 2024 / LQWD Technologies Corp. (\"LQWD\" or the \"Company\"), (TSXV:LQWD)(OTCQB:LQWDF) announces that it intends to complete a non-brokered private placement of up to 1.5 million units of the Company (\"Units\") at a price of $0.65 per Unit for aggregate gross proceeds of up to CDN$975,000. (the \"Private Placement\").Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $0.90 per share at any time up to 18 months following the closing date of the private placement. The shares and warrants from this placement are subject to a 4 month hold period before becoming free trading.If the volume weighted average trading price of the common shares on the TSX Venture Exchange (\"TSXV\") is equal to or greater than $1.25 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is provided by the Company to the warrant holder.The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD's Lightning Network business and general working capital purposes.Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSXV. It is anticipated that existing shareholders, directors, and management will be participating in this placement. In connection with the Private Placement, the Company may pay a finder's fee of up to 5% on the applicable portion of the Private Placement.About LQWD Technologies Corp.The internet lacks a protocol for money. LQWD is developing Lightning infrastructure to make instant, low cost, internet-powered payments happen. Our enterprise grade, globally placed infrastructure facilitates open payments at scale, using the Lightning Network. LQWD is a bitcoin backed, Canadian audited publicly traded company. Our shares trade on the TSX Venture Market, trading symbol:LQWD, and in the United States OTC:LQWDF. Visit lqwdtech.com ...