LQWD Announces Non-Brokered Private Placement to Excel Bitcoin Lightning Network Operations
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) has announced a non-brokered private placement to raise up to CDN$975,000. The company plans to issue up to 1.5 million units at $0.65 per unit. Each unit consists of one common share and half a warrant, with each full warrant exercisable at $0.90 per share within 18 months of closing. The proceeds will be used to expand LQWD's Lightning Network business and for working capital. The placement includes an accelerated expiry clause if the stock price reaches $1.25 for 20 consecutive trading days. The offering is subject to regulatory approvals, including TSXV acceptance. Existing shareholders, directors, and management are expected to participate, and a finder's fee of up to 5% may be paid.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) ha annunciato un collocamento privato non mediato per raccogliere fino a CDN$975,000. L'azienda prevede di emettere fino a 1,5 milioni di unità a $0,65 per unità. Ciascuna unità consiste in un'azione comune e mezzo warrant, con ogni warrant completo esercitabile a $0,90 per azione entro 18 mesi dalla chiusura. I proventi saranno utilizzati per espandere il business della rete Lightning di LQWD e per il capitale circolante. Il collocamento include una clausola di scadenza accelerata se il prezzo delle azioni raggiunge $1,25 per 20 giorni di contrattazione consecutivi. L'offerta è soggetta ad approvazioni regolatorie, inclusa l'accettazione da parte di TSXV. Si prevede che gli azionisti esistenti, i direttori e la direzione parteciperanno, e potrebbe essere pagata una commissione di ricerca fino al 5%.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) ha anunciado un colocación privada no mediada para recaudar hasta CDN$975,000. La empresa planea emitir hasta 1.5 millones de unidades a $0.65 por unidad. Cada unidad consiste en una acción común y medio warrant, con cada warrant completo que puede ejercerse a $0.90 por acción dentro de los 18 meses posteriores al cierre. Los fondos se utilizarán para expandir el negocio de la Red Lightning de LQWD y para capital de trabajo. El colocación incluye una cláusula de vencimiento acelerado si el precio de las acciones alcanza $1.25 durante 20 días de negociación consecutivos. La oferta está sujeta a aprobaciones regulatorias, incluyendo la aceptación de TSXV. Se espera que los accionistas existentes, los directores y la gestión participen, y se puede pagar una comisión de hasta el 5% por búsqueda.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF)가 최대 CDN$975,000을 조달하기 위해 중개인 없는 사모 배급을 발표했습니다. 회사는 주당 $0.65로 최대 150만 개 단위를 발행할 계획입니다. 각 단위는 하나의 보통주와 반 개의 보증서로 구성되며, 각각의 완전한 보증서는 종료 후 18개월 이내에 주당 $0.90에 행사할 수 있습니다. 조달된 자금은 LQWD의 라이트닝 네트워크 사업 확장 및 운영 자금으로 사용됩니다. 주식 가격이 20일 연속으로 $1.25에 도달할 경우 조기 만료 조항이 포함됩니다. 이 모집은 TSXV의 승인 등 규제 승인을 받아야 합니다. 기존 주주, 이사 및 경영진이 참여할 것으로 예상되며, 최대 5%의 소개 수수료가 지급될 수 있습니다.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) a annoncé un placement privé non intermédiaire pour lever jusqu’à 975 000 $ CDN. La société prévoit d’émettre jusqu’à 1,5 million d’unités à 0,65 $ par unité. Chaque unité se compose d'une action ordinaire et d'un demi-bond, chaque obligation complète pouvant être exercée à 0,90 $ par action dans les 18 mois suivant la clôture. Les fonds seront utilisés pour développer l'activité Lightning Network de LQWD et pour le fonds de roulement. Le placement comprend une clause d'expiration accélérée si le prix de l'action atteint 1,25 $ pendant 20 jours de négociation consécutifs. L'offre est soumise à l'approbation des régulateurs, y compris l'acceptation par le TSXV. Les actionnaires existants, les directeurs et la direction sont censés participer, et une commission de recherche allant jusqu'à 5 % peut être versée.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) hat eine nicht vermittelte Privatplatzierung angekündigt, um bis zu CDN$975,000 zu sammeln. Das Unternehmen plant die Emission von bis zu 1,5 Millionen Einheiten zu je $0,65 pro Einheit. Jede Einheit besteht aus einer Stammaktie und einem halben Warrant, wobei jeder vollständige Warrant innerhalb von 18 Monaten nach Abschluss zu $0,90 pro Aktie ausgeübt werden kann. Die Einnahmen werden verwendet, um das Geschäft von LQWD im Lightning Network zu erweitern und als Betriebskapital. Im Platzierung ist eine beschleunigte Verfallsfrist enthalten, falls der Aktienkurs 20 aufeinanderfolgende Handelstage lang $1,25 erreicht. Das Angebot unterliegt regulatorischen Genehmigungen, einschließlich der Zustimmung von TSXV. Es wird erwartet, dass bestehende Aktionäre, Direktoren und das Management teilnehmen, und es kann eine Vermittlungsgebühr von bis zu 5% gezahlt werden.
- Potential to raise up to CDN$975,000 in capital
- Funds to be used for expanding Lightning Network business
- Participation expected from existing shareholders, directors, and management
- Potential dilution of existing shareholders' equity
- 4-month hold period on new shares and warrants
VANCOUVER, BC / ACCESSWIRE / July 22, 2024 / LQWD Technologies Corp. ("LQWD" or the "Company"), (TSXV:LQWD)(OTCQB:LQWDF) announces that it intends to complete a non-brokered private placement of up to 1.5 million units of the Company ("Units") at a price of
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
If the volume weighted average trading price of the common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than
The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD's Lightning Network business 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.
The internet lacks a protocol for money. LQWD is developing Lightning infrastructure to make instant, low cost, internet-powered payments happen. Our enterprise grade, globally placed infrastructure facilitates open payments at scale, using the Lightning Network. LQWD is a bitcoin backed, Canadian audited publicly traded company. Our shares trade on the TSX Venture Market, trading symbol:LQWD, and in the United States OTC:LQWDF. Visit lqwdtech.com for further information.
About Lightning Network
Lightning Network is a payment layer for the internet. Lightning leverages the power of Bitcoin's supreme trust protocol, which facilitates instant peer-to-peer transaction dramatically cheaper and faster than any other existing payment rail. It is reported that Lightning activity has increased by 1,
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 news 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 press 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.
SOURCE: LQWD Technologies Corp.
View the original press release on accesswire.com
FAQ
What is the purpose of LQWD's (LQWDF) private placement announced on July 22, 2024?
How much is LQWD (LQWDF) offering each unit for in the July 2024 private placement?
What are the terms of the warrants in LQWD's (LQWDF) July 2024 private placement?
When will the shares and warrants from LQWD's (LQWDF) July 2024 private placement become free trading?
