Lqwd arranges $2-million private placement

Executive Summary

• Lqwd Technologies Corp. announced a non-brokered private placement of up to 1,333,333 units at $1.50 per unit, targeting aggregate gross proceeds of up to $2 million.
• Each unit consists of one common share and one common share purchase warrant, with warrants exercisable at $2.00 per share for 12 months.
• Net proceeds will be used to purchase additional Bitcoin, which will be deployed on the Lightning Network to generate yield and support the company's treasury strategy.

Key Details

• Transaction Structure: Non-brokered private placement of up to 1,333,333 units.
• Price: $1.50 per unit.
• Gross Proceeds: Up to $2,000,000.
• Unit Composition: Each unit comprises one common share and one common share purchase warrant.
• Warrant Terms:
  • Exercisable into one common share per warrant.
  • 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: Shares and warrants are subject to a four-month hold period before becoming free trading.
• Use of Proceeds: Additional Bitcoin purchases to be deployed on the Lightning Network to generate yield and strengthen the treasury strategy.
• Participants: Existing shareholders, directors, and management are anticipated to participate.
• Conditions: Subject to regulatory approvals, including TSX-V acceptance.
• Fees: The company may pay a finder's fee on the applicable portion of the placement.

Notable Quotes

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