LQWD Announces Non-Brokered Private Placement

Executive Summary

• LQWD Technologies Corp. announced a non‑brokered private placement of up to 2,000,000 units at C$1.00 per unit, targeting gross proceeds of up to C$2 million.
• Each unit includes one common share and one warrant exercisable at C$1.25 per share for up to 24 months; warrants are subject to a 4‑month hold period and may have their expiry accelerated if the TSXV price stays ≥ C$2.00 for ten consecutive days.
• Net proceeds will be used primarily for additional Bitcoin purchases to expand LQWD’s Lightning Network infrastructure and for general working capital.

Key Details

• Units Offered: Up to 2,000,000 units (each = 1 common share + 1 warrant).
• Price per Unit: C$1.00 → Maximum Gross Proceeds: C$2,000,000.
• Warrant Terms: Exercise price C$1.25; exercisable any time within 24 months after closing; 4‑month hold period before free trading.
• Accelerated Expiry Clause: If TSXV VWAP ≥ C$2.00 for 10 consecutive trading days, LQWD may give written notice to expire warrants no earlier than 10 days after notice.
• Use of Proceeds:
• Additional Bitcoin purchases for deployment across the Lightning Network global infrastructure.
• General working capital purposes.
• Closing Conditions: Subject to regulatory approvals (including TSXV acceptance) and other customary conditions.
• Participation: Expected participation from existing shareholders, directors, and management.
• Finder’s Fee: Company may pay a finder’s fee on the applicable portion of the placement.

Notable Quotes

(No direct quotes were provided in the release.)