Lqwd closes $2.5-million private placement

Executive Summary

• Lqwd Technologies Corp. has closed an upsized, non-brokered private placement raising gross proceeds of $2.5 million.
• The company issued 1,666,667 units at $1.50 per unit, with each unit comprising one common share and one common share purchase warrant.
• Net proceeds are designated for additional Bitcoin purchases to be deployed on the Lightning Network to generate yield, alongside general working capital.

Key Details

• Transaction Structure: Non-brokered private placement.
• Gross Proceeds: $2,500,000.
• Units Issued: 1,666,667 units.
• Price Per Unit: $1.50.
• Warrant Terms: Each unit includes one common share purchase warrant exercisable into one common share at an exercise price of $2.00 per share.
• Warrant Expiry: Warrants expire 12 months following the closing date.
• Acceleration Clause: If the volume-weighted average trading price on the TSX Venture Exchange is $\ge$ $2.50 for 10 consecutive trading days, the company may accelerate warrant expiry with at least 10 days' written notice.
• Hold Period: Shares and warrants are subject to a four-month hold period before becoming free trading.
• Finder's Fees: Aggregate cash finder's fees of $89,000 paid to various finders.
• Use of Proceeds: Additional Bitcoin purchases (deployed on the Lightning Network for yield generation and treasury strategy) and general working capital.
• Regulatory Status: Subject to final approval from the TSX Venture Exchange.