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Digital Asset Technologies Announces Proposed $3 Million Private Placement to Fund LiquidLink's Lightning Network Liquidity
Globenewswire· 2025-07-29 11:30
Core Viewpoint - Digital Asset Technologies Inc. is initiating a non-brokered private placement to raise up to C$3,000,000 to support its subsidiary LiquidLink in developing high-liquidity infrastructure for instant settlement of Bitcoin, stablecoins, and Real World Assets on the Lightning Network [1][2][3] Offering Details - The Offering will consist of up to 3,000 Convertible Debenture Units priced at C$1,000 each, aiming for gross proceeds of up to C$3,000,000 [4] - Each Convertible Debenture Unit includes C$1,000 principal amount of 10.0% unsecured convertible debentures and 2,000 common share purchase warrants [4] - The Convertible Debentures will mature 24 months from the Closing Date and can be converted into common shares at a price of C$0.25 per share [5] Financial Aspects - The Convertible Debentures will bear interest at 10.0% per annum, payable semi-annually in cash or, at the company's option, in common shares [6] - The Offering may involve finders' fees in cash or securities, with no minimum number of Convertible Debenture Units required to close [7] Regulatory and Compliance - The securities issued will be subject to a statutory hold period of four months plus one day from the issue date [8] - The Offering will be conducted in Canada and other jurisdictions, including the U.S., under private placement exemptions [9] Company Overview - Digital Asset Technologies Inc. focuses on equity investments in global companies developing technology, with a particular interest in blockchain technology through its subsidiary LiquidLink [10] - LiquidLink aims to build secure infrastructure for the tokenized economy, expanding its focus to include high-availability infrastructure on the Bitcoin Lightning Network [11]
LQWD Announces ATM Program to Support Ongoing Growth Initiatives
Globenewswire· 2025-07-15 18:46
Core Viewpoint - LQWD Technologies Corp. has launched an at-the-market equity program allowing the issuance of up to $10,000,000 in common shares to support its strategy of accumulating Bitcoin and expanding its Lightning Network infrastructure [1][2]. Group 1: Equity Program Details - The ATM Program enables the company to issue common shares from treasury to the public at its discretion [1]. - Distributions will be made under an equity distribution agreement with Haywood Securities Inc., and sales will occur only in Canada [3][4]. - The program will remain effective until either all shares are sold or until December 31, 2025, unless terminated earlier [5]. Group 2: Strategic Importance - The ATM Program is designed to enhance LQWD's ability to execute its strategy of rapidly accumulating Bitcoin, which is essential for powering the Lightning Network [2]. - The company aims to lead in the Lightning Network ecosystem, with Bitcoin holdings as a core component of its strategy [4]. Group 3: Financial Use of Proceeds - Net proceeds from the ATM Program are intended for the continued development and growth of the company, including acquisitions, research and development, and marketing initiatives [5]. - Until utilized, proceeds may be held as cash or invested at the company's discretion [5]. Group 4: Company Overview - LQWD Technologies Corp. focuses on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions [11]. - The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [11]. - LQWD offers investors exposure to both the long-term appreciation of Bitcoin and the growing use of Lightning as a global payments solution [12].
LQWD Announces Closing of Non-Brokered Portion of Financing
Newsfile· 2025-07-14 16:59
Core Points - LQWD Technologies Corp. has successfully closed a non-brokered private placement offering, selling 560,975 common shares at C$4.10 (US$3.00) per share, raising approximately C$2.3 million (US$1.68 million) in gross proceeds [1][3] - The proceeds from the offering will be used for acquiring Bitcoin as an operating asset for the company's Lightning Network services and for general corporate purposes [3] - The offering is subject to final approval from the TSX Venture Exchange [2] Company Overview - LQWD Technologies Corp. is focused on advancing Bitcoin adoption through the Lightning Network, which facilitates instant and 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 one of the first public companies dedicated to Lightning infrastructure [6] - With a strategic Bitcoin treasury and scalable infrastructure, LQWD provides investors with exposure to both Bitcoin's long-term appreciation and the increasing use of Lightning as a global payment solution [7]
Digital Asset Technologies Inc. Poised for Growth Amidst Surging Digital Asset Market and Key Ecosystem Advancements
GlobeNewswire News Room· 2025-07-14 11:30
Core Insights - The digital asset market is experiencing strong bullish momentum, with Bitcoin recently reaching an all-time high of over $119,000 USD, driven by institutional ETF inflows and positive market sentiment [2] - Analysts predict an average Bitcoin price of $145,167 by the end of the year, supported by the US government's endorsement of a Bitcoin strategic reserve and progressive stablecoin legislation [2] - The approval of the first iOS game with Bitcoin Lightning Network rewards by Apple signifies a pivotal moment for Bitcoin's mainstream adoption [3] Company Developments - Digital Asset Technologies Inc.'s portfolio company, LiquidLink, is actively involved in the development of enterprise-grade Lightning Network infrastructure and tools for seamless integration of Bitcoin-native assets with the XRP Ledger [5][6] - LiquidLink's strategic focus on interoperability between the Bitcoin Lightning Network and the XRP Ledger positions the company as a leader in the evolving digital asset ecosystem [6] - LiquidLink is developing its flagship product, Xrpfy, which aims to provide self-custody discovery tools and trading intelligence for the XRPL ecosystem, potentially expanding to support multiple blockchains [8] Industry Trends - The launch of the XRPL EVM Sidechain enhances the XRP Ledger's capabilities, allowing for smart contracts and cross-chain interoperability, which could facilitate trading of assets from over 60 blockchains [4] - The integration of Lightning Network payments in mainstream gaming reflects the accelerating adoption and maturation of the digital asset space [4] - Digital Asset Technologies Inc. is well-positioned to benefit from the ongoing evolution of the digital asset markets through its proactive investments and innovative work by LiquidLink [6]
X @Cointelegraph
Cointelegraph· 2025-07-12 22:30
Bitcoin Lightning Network - Running a Bitcoin Lightning node can potentially generate income [1] - Income generation is not passive and requires active management [1] - Earnings are contingent on factors such as liquidity provision, node uptime, and successful network routing [1]