LQWD Announces Closing of Upsized Non-Brokered Private Placement
LQWD Technologies has completed its non-brokered private placement financing of $3,740,000. The placement consisted of two tranches: first tranche raised $2,240,000 through 3,200,000 units at $0.70 per unit, while the second tranche raised $1,500,000 through 2,307,692 units at $0.65 per unit. Each unit includes one common share and half a warrant, exercisable at $0.90 per share within 18 months. The proceeds will fund LQWD's Lightning Network business expansion, including Bitcoin purchases and developer team growth. The company also updated its previously announced stock options pricing to CDN$1.152 per share.
LQWD Technologies ha completato il finanziamento privato senza intermediazione di 3.740.000 $. Il collocamento è stato suddiviso in due tranche: la prima tranche ha raccolto 2.240.000 $ tramite 3.200.000 unità a 0,70 $ per unità, mentre la seconda tranche ha raccolto 1.500.000 $ tramite 2.307.692 unità a 0,65 $ per unità. Ogni unità include un'azione ordinaria e metà di un warrant, esercitabile a 0,90 $ per azione entro 18 mesi. I proventi finanzieranno l'espansione dell'attività di Lightning Network di LQWD, inclusi acquisti di Bitcoin e crescita del team di sviluppatori. La società ha anche aggiornato i prezzi delle opzioni azionarie precedentemente annunciati a CDN$1,152 per azione.
LQWD Technologies ha completado su financiamiento privado no intermediado de $3,740,000. El colocación consistió en dos tramos: el primer tramo recaudó $2,240,000 a través de 3,200,000 unidades a $0.70 por unidad, mientras que el segundo tramo recaudó $1,500,000 a través de 2,307,692 unidades a $0.65 por unidad. Cada unidad incluye una acción ordinaria y medio warrant, que se puede ejercer a $0.90 por acción dentro de 18 meses. Los ingresos se destinarán a la expansión del negocio de Lightning Network de LQWD, incluyendo compras de Bitcoin y el crecimiento del equipo de desarrolladores. La compañía también actualizó el precio de las opciones sobre acciones previamente anunciadas a CDN$1.152 por acción.
LQWD Technologies는 $3,740,000의 비중개 민간 배치를 완료했습니다. 이 배치는 두 개의 분할 tranche로 구성되어 있습니다: 첫 번째 tranche는 3,200,000개의 단위에서 단위당 $0.70를 통해 $2,240,000를 모금했으며, 두 번째 tranche는 2,307,692개의 단위에서 단위당 $0.65를 통해 $1,500,000를 모금했습니다. 각 단위는 하나의 보통주와 반쪽의 워런트를 포함하며, 이는 18개월 이내에 주당 $0.90에 행사할 수 있습니다. 수익금은 LQWD의 Lightning Network 사업 확장을 지원하는 데 사용되며, 이에는 비트코인 구매와 개발 팀 성장도 포함됩니다. 회사는 또한 이전에 발표된 주식 옵션 가격을 주당 CDN$1.152로 업데이트했습니다.
LQWD Technologies a achevé son placement privé non intermédié d'un montant de $3,740,000. Le placement se composait de deux tranches : la première tranche a levé 2,240,000 $ grâce à 3,200,000 unités à 0,70 $ par unité, tandis que la deuxième tranche a levé 1,500,000 $ grâce à 2,307,692 unités à 0,65 $ par unité. Chaque unité comprend une action ordinaire et une demi-option d'achat, exerçable à 0,90 $ par action dans les 18 mois. Les produits serviront à financer l'expansion des activités de Lightning Network de LQWD, y compris les achats de Bitcoin et la croissance de l'équipe de développeurs. La société a également mis à jour le prix des options d'actions précédemment annoncées à CDN$1,152 par action.
LQWD Technologies hat seine nicht vermittelte Privatplatzierung in Höhe von $3,740,000 abgeschlossen. Die Platzierung bestand aus zwei Tranchen: Die erste Tranche brachte $2,240,000 durch 3,200,000 Einheiten zu einem Preis von $0,70 pro Einheit ein, während die zweite Tranche $1,500,000 durch 2,307,692 Einheiten zu einem Preis von $0,65 pro Einheit einbrachte. Jede Einheit umfasst eine Stammaktie und eine halbe Kaufoption, die innerhalb von 18 Monaten zum Preis von $0,90 pro Aktie ausgeübt werden kann. Die Erlöse werden die Expansion des Lightning Network-Geschäfts von LQWD finanzieren, einschließlich Bitcoin-Einkäufen und dem Wachstum des Entwicklerteams. Das Unternehmen hat auch den Preis für die zuvor angekündigten Aktienoptionen auf CDN$1,152 pro Aktie aktualisiert.
- Successful completion of upsized private placement raising $3.74M
- Funds allocated for Bitcoin purchases and Lightning Network business expansion
- Warrants provide potential additional funding at $0.90 per share
- Share dilution due to issuance of new units and warrants
- Second tranche units priced lower at $0.65 compared to first tranche at $0.70
Vancouver, British Columbia--(Newsfile Corp. - November 7, 2024) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQB: LQWDF) ("LQWD" or the "Company") is pleased to announce that it has closed the second and final tranche of its non-brokered private placement financing of
Under the first tranche of the Private Placement, which closed on October 9, 2024, the Company issued an aggregate of 3,200,000 units of the Company at a price of
Each
The common shares and warrants issued under the second tranche of the Private Placement are subject to a 4 month hold period before becoming free trading.
The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD's Lightning Network business, which includes purchasing Bitcoin and expanding the developer team in accordance with the Company's business strategy, and for general working capital purposes.
In connection with the second tranche of the Private Placement, the Company issued to the finder
Alex Guidi, a non-executive director of the Company, and 210K Capital LP, a significant shareholder of the Company, participated in the second tranche of the Private Placement by purchasing 150,000 units and 450,000 units for aggregate subscription prices of
The Company also announces that further to its press release dated October 29, 2024, regarding the grant of 500,000 stock options that are exercisable for a period of 5 years at a price of CDN
About LQWD Technologies Corp.
LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.
For further information:
Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwd.money
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/229239
FAQ
How much did LQWD Technologies (LQWDF) raise in its private placement?
What is the exercise price and expiry of warrants for LQWD's (LQWDF) private placement?
How will LQWD Technologies (LQWDF) use the private placement proceeds?
