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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]
LQWD Announces Closing of Brokered Portion of Financing for Gross Proceeds of C$10 Million
Newsfile· 2025-07-10 20:23
Core Viewpoint - LQWD Technologies Corp. has successfully closed a brokered private placement offering, raising approximately C$10 million (or US$7.317 million) through the sale of 2,439,024 common shares at C$4.10 (or US$3.00) per share [1]. Group 1: Offering Details - The brokered offering was managed by Maxim Group LLC, which received a cash commission of US$512,195, representing 7% of the total gross proceeds [2]. - A concurrent non-brokered offering is expected to raise an additional C$2.3 million (or approximately US$1.683 million), anticipated to close around July 11, 2025 [3]. - Both offerings are subject to final approval from the TSX Venture Exchange (TSXV) and were conducted under specific exemptions from registration requirements [4]. Group 2: Use of Proceeds - The net proceeds from the offerings will be utilized for acquiring Bitcoin to support the company's scalable 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 [7]. - The company operates a network of enterprise-grade nodes designed to generate transaction fees and enhance network liquidity, providing investors with exposure to Bitcoin's long-term appreciation and the growing use of Lightning as a payment solution [8].
LQWD Announces Upsized Financing with Amended Terms of Up to C$12.3 Million
Globenewswire· 2025-07-09 03:58
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]