LQWD Announces CDN$3 Million Non-Brokered Private Placement
LQWD Technologies announces a non-brokered private placement to raise up to CDN$3 million through the issuance of 2 million units at CDN$1.50 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at CDN$2.00 per share within 18 months. The company has an acceleration clause if shares trade at CDN$2.50 for 20 consecutive days. Proceeds will fund Lightning Network business expansion, Bitcoin purchases, and working capital. The placement requires TSXV approval and may include a 5% finder's fee.
LQWD Technologies annuncia un collocamento privato non mediato per raccogliere fino a 3 milioni di dollari canadesi attraverso l'emissione di 2 milioni di unità al prezzo di 1,50 dollari canadesi per unità. Ogni unità comprende una azione comune e mezzo warrant, con ogni warrant intero esercitabile a 2,00 dollari canadesi per azione entro 18 mesi. L'azienda ha una clausola di accelerazione se le azioni vengono scambiate a 2,50 dollari canadesi per 20 giorni consecutivi. I proventi finanzieranno l'espansione del business Lightning Network, acquisti di Bitcoin e capitale circolante. Il collocamento richiede l'approvazione del TSXV e potrebbe includere una commissione di intermediazione del 5%.
LQWD Technologies anuncia una colocación privada sin intermediario para recaudar hasta 3 millones de dólares canadienses a través de la emisión de 2 millones de unidades a 1,50 dólares canadienses por unidad. Cada unidad incluye una acción común y medio warrant, con cada warrant completo que se puede ejercer a 2,00 dólares canadienses por acción dentro de 18 meses. La empresa tiene una cláusula de aceleración si las acciones cotizan a 2,50 dólares canadienses durante 20 días consecutivos. Los ingresos financiarán la expansión del negocio Lightning Network, compras de Bitcoin y capital de trabajo. La colocación requiere aprobación del TSXV y puede incluir una tarifa del 5% para el buscador.
LQWD Technologies는 캐나다 달러 300만 달러를 모집하기 위해 2백만 개의 유닛을 유닛당 캐나다 달러 1.50에 발행하는 비중개 개인 배치를 발표했습니다. 각 유닛은 한 개의 보통주와 반 개의 워런트를 포함하고 있으며, 전체 워런트는 18개월 이내에 주당 캐나다 달러 2.00로 행사할 수 있습니다. 회사는 주식이 연속 20일 동안 캐나다 달러 2.50에 거래될 경우 가속 조항을 보유하고 있습니다. 수익금은 Lightning Network 사업 확장, 비트코인 구매 및 운영 자본을 지원하는 데 사용됩니다. 이 배치는 TSXV 승인이 필요하며 5%의 중개인 수수료를 포함할 수 있습니다.
LQWD Technologies annonce un placement privé sans intermédiaire pour lever jusqu'à 3 millions de dollars canadiens par l'émission de 2 millions d'unités au prix de 1,50 dollar canadien par unité. Chaque unité comprend une action ordinaire et un demi-warrant, chaque warrant complet pouvant être exercé à 2,00 dollars canadiens par action dans les 18 mois. L'entreprise dispose d'une clause d'accélération si les actions se négocient à 2,50 dollars canadiens pendant 20 jours consécutifs. Les fonds recueillis financeront l'expansion des activités de Lightning Network, l'achat de Bitcoin et le fonds de roulement. Le placement nécessite l'approbation du TSXV et peut inclure des frais de recherche de 5 %.
LQWD Technologies kündigt eine nicht vermittelte Privatplatzierung an, um bis zu 3 Millionen CAD durch die Ausgabe von 2 Millionen Einheiten zu einem Preis von 1,50 CAD pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen halben Warrant, wobei jeder vollständige Warrant innerhalb von 18 Monaten zu 2,00 CAD pro Aktie ausgeübt werden kann. Das Unternehmen hat eine Beschleunigungsklausel, falls die Aktien 20 aufeinanderfolgende Tage bei 2,50 CAD gehandelt werden. Die Erlöse werden verwendet, um das Geschäft von Lightning Network auszubauen, Bitcoin zu kaufen und das Betriebskapital zu finanzieren. Die Platzierung erfordert die Genehmigung der TSXV und kann eine Findergebühr von 5% beinhalten.
- Raising up to CDN$3 million in new capital
- Funds allocated for Lightning Network expansion and Bitcoin purchases
- Management and directors participating in placement indicates insider confidence
- Potential dilution for existing shareholders
- 5% finder's fee reduces net proceeds
- 4-month hold period restricts immediate trading
Vancouver, British Columbia--(Newsfile Corp. - November 15, 2024) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQB: LQWDF) ("LQWD" or the "Company"), announces that it intends to complete a non-brokered private placement of up to 2,000,000 units of the Company ("Units") at a price of CDN
Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of CDN
If the volume weighted average trading price of the common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than CDN
The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD's Lightning Network business, additional Bitcoin purchases, and general working capital purposes.
Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSXV. It is anticipated that existing shareholders, directors, and management will be participating in this placement. In connection with the Private Placement, the Company may pay a finder's fee of up to
About LQWD Technologies Corp.
LQWD Technologies Corp. is a Canadian-based, publicly traded company committed to expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company provides scalable solutions for the open payments market, delivering enterprise-grade infrastructure to support the rapid growth of the Bitcoin Lightning Network.
For more information, contact:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwdtech.com
Website: www.lqwdtech.com
X: @LQWDTech
Forward-Looking Statements
This release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/230084
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