LQWD Announces Closing of Upsized Non-Brokered Private Placement

Core Points - LQWD Technologies Corp. has successfully closed a non-brokered private placement financing of C$2,500,000 [1][2] - The financing involved the issuance of 1,666,667 units at a price of C$1.50 per unit, each consisting of one common share and one common share purchase warrant [2] - The warrants are exercisable at C$2.00 per share for up to 12 months, with an acceleration clause if the trading price reaches C$2.50 for 10 consecutive days [3] Use of Proceeds - The net proceeds from the private placement will be allocated for additional Bitcoin purchases to be deployed on the Lightning Network, aimed at generating yield and enhancing the company's treasury strategy, along with general working capital [4] Company Overview - LQWD Technologies Corp. is a Canadian public company focused on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [6] - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity, positioning itself as a leader in Lightning infrastructure [6][7] - LQWD offers investors exposure to both the long-term appreciation of Bitcoin and the revenue potential of Lightning-based payment technology [7]