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LQwD Announces Terms of Marketed Public Offering
LQwD Announces Terms of Marketed Public Offering Canada NewsWire /NOT...
About this update from Lqwd Technologies Corp
[{"type":"text","content":"\n \n \n \n LQwD Announces Terms of Marketed Public Offering\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 21, 2021\n \n /CNW/ - Lightning Network focused company, LQwD FinTech Corp. (TSXV: LQWD) (OTC: LQWDF) (\"LQwD\" or the \"Company\") is pleased to announce that it has priced its previously announced marketed offering (the \"Offering\"). The Offering is being conducted by a syndicate of underwriters (the \"Underwriters\") led by Canaccord Genuity Corp. as lead underwriter.\n \n \n Pursuant to the Offering, the Company intends to issue 17,143,000 Units at a price of\n \n C$0.35\n \n per Unit for gross proceeds of\n \n C$6,000,050\n \n .  Each Unit will consist of a common share of the Company (a \"Common Share\") and one half of one common share purchase warrant (each whole purchase warrant, a \"Warrant\").  Each Warrant will be exercisable into one Common Share for a period of 24 months from the closing of the Offering at an exercise price of\n \n C$0.50\n \n , subject to adjustment in certain events. The closing of the Offering is expected to occur on or about\n \n October 28, 2021\n \n (the \"Closing\") and is subject to customary conditions, including approval of the TSX Venture Exchange (the \"TSXV\").‎\n \n \n The Company has granted the underwriters an option (the \"Over-Allotment Option\"), exercisable at any time for a period of 30 days after and including the closing of the Offering, to purchase up to an additional 2,571,450 Units on the same terms and conditions of the Offering.  The Over-Allotment Option may be exercisable to acquire Units, Common Shares and/or Warrants (or any combination thereof) at the discretion of the underwriters.\n \n \n The Units will be offered in each of the provinces and territories of\n \n Canada\n \n , other than Québec, pursuant to a prospectus supplement to the Company's sho...