Lqwd increases private placement to $2.5-million

Executive Summary

• Lqwd Technologies Corp. has upsized its non-brokered private placement, increasing the total offering size to up to 1,666,667 units.
• The company intends to raise up to $2.5 million in aggregate gross proceeds at a price of $1.50 per unit.
• Proceeds will be primarily used for additional Bitcoin purchases to be deployed on the Lightning Network to generate yield, alongside general corporate purposes.

Key Details

• Transaction Structure: Non-brokered private placement.
• Units Offered: Up to 1,666,667 units.
• Price: $1.50 per unit.
• Gross Proceeds: Up to $2.5 million.
• Unit Composition: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms:
  • Each warrant is exercisable into one common share.
  • Exercise Price: $2.00 per share.
  • Expiry: 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' notice.
• Hold Period: Four-month hold period for shares and warrants before they become free trading.
• Use of Proceeds: Additional Bitcoin purchases (deployed on the Lightning Network to generate yield), strengthening treasury strategy, and general corporate purposes.
• Participants: Existing shareholders, directors, and management are anticipated to participate.
• Conditions: Subject to regulatory approvals, including acceptance by the TSX Venture Exchange.
• Finder's Fee: The company may pay a finder's fee on the applicable portion of the placement.

Notable Quotes

• None provided in the text.