Core Viewpoint - LQWD Technologies Corp. has increased its private placement offering to C$12.3 million (US$9 million) due to heightened demand from strategic investors and existing shareholders, with shares priced at C$4.10 (US$3.00) each [1] Group 1: Offering Details - The Offering consists of a brokered and a non-brokered private placement, with Maxim Group LLC acting as the sole agent and book runner for the brokered portion [2][1] - The Offering is being conducted under National Instrument 45-106 and is available to purchasers in Canada, excluding Québec [3] - The expected closing dates for the Brokered Offering and Non-Brokered Offering are July 10, 2025, and July 11, 2025, respectively, subject to regulatory approvals [6] Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for acquiring Bitcoin as an operating asset for the Company's Lightning Network services and for general corporate purposes [5] Group 3: Company Overview - LQWD Technologies Corp. is focused on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [10] - The Company operates a network of enterprise-grade nodes designed to earn transaction fees and enhance network liquidity, providing investors with exposure to Bitcoin's long-term appreciation and the growing use of Lightning for global payments [11]
LQWD Announces Upsized Financing with Amended Terms of Up to C$12.3 Million
Globenewswire·2025-07-09 03:58