LQWD Announces Closing of Non-Brokered Private Placement

Executive Summary

• LQWD Technologies Corp. closed a C$2,000,000 non‑brokered private placement, issuing 2,000,000 units at C$1.00 each.
• 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.
• Net proceeds will be used to purchase additional Bitcoin for deployment on the Lightning Network, generate yield, and fund general working capital.

Key Details

• Units Issued: 2,000,000 units at C$1.00 per unit → Gross proceeds: C$2,000,000.
• Unit Composition: 1 common share + 1 common‑share purchase warrant per unit.
• 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 accelerate warrant expiry to a date no earlier than 10 days after notice.
• Use of Proceeds: Additional Bitcoin purchases for Lightning Network yield generation; general working capital.
• Finder Fees Paid: C$35,000 cash + $450 administrative fees to various finders.
• Related Party Transaction: Matthew Whitcomb (VP of Capital Markets & Corporate Development) purchased 10,000 units for C$10,000; transaction exempt from MI 61‑101 valuation and minority approval requirements (<25% market cap).
• Regulatory Condition: Private placement subject to final TSX‑V approval.

Notable Quotes

(No direct quotes were provided in the release.)