LQWD Closes Fully Subscribed $2.24 Million/$0.70 Unit Tranche of its Non-Brokered Private Placement
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) has closed the first tranche of its non-brokered private placement, raising $2,240,000 by issuing 3,200,000 units at $0.70 per unit. Each unit includes one common share and one warrant with tiered exercise prices ranging from $1.00 to $2.00 over a 5-year period. The company plans a second tranche to raise up to $975,000 at $0.65 per unit. Proceeds will fund LQWD's Lightning Network business expansion, including Bitcoin purchases and team growth. The placement involved a related party transaction with 210K Capital, LP, an insider, purchasing all 3,200,000 units. Finder's fees of $112,000 and 160,000 warrants were issued.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) ha chiuso il primo tranche del suo collocamento privato non brokerato, raccogliendo 2.240.000 $ emettendo 3.200.000 unità a 0,70 $ per unità. Ogni unità include una azione comune e un warrant con prezzi di esercizio differenziati che vanno da 1,00 $ a 2,00 $ in un periodo di 5 anni. L'azienda prevede un secondo tranche per raccogliere fino a 975.000 $ a 0,65 $ per unità. I proventi finanzieranno l'espansione del business della Lightning Network di LQWD, inclusi acquisti di Bitcoin e crescita del team. Il collocamento ha coinvolto una transazione con una parte correlata con 210K Capital, LP, un insider, che ha acquistato tutte le 3.200.000 unità. Sono state emesse commissioni per i promoter di 112.000 $ e 160.000 warrant.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) ha cerrado la primera tranche de su colocación privada no intermediada, recaudando $2,240,000 al emitir 3,200,000 unidades a $0.70 por unidad. Cada unidad incluye una acción común y una opción de compra con precios de ejercicio escalonados que van de $1.00 a $2.00 durante un período de 5 años. La compañía planea una segunda tranche para recaudar hasta $975,000 a $0.65 por unidad. Los ingresos financiarán la expansión del negocio de la Lightning Network de LQWD, incluidos compras de Bitcoin y crecimiento del equipo. La colocación involucró una transacción con una parte relacionada, ya que 210K Capital, LP, un insider, compró todas las 3,200,000 unidades. Se emitieron comisiones de colocador de $112,000 y 160,000 opciones de compra.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF)가 비중개 사모로 첫 번째 분할 거래를 완료했다, $2,240,000을 조달하고 3,200,000 유닛을 주당 $0.70에 발행하였다. 각 유닛은 하나의 보통주와 5년 동안 $1.00에서 $2.00까지의 단계별 행사가격을 가진 하나의 워런트가 포함된다. 회사는 주당 $0.65에 최대 $975,000을 모금하기 위한 두 번째 분할 거래를 계획하고 있다. 자금은 LQWD의 라이트닝 네트워크 사업 확장에 사용될 예정이며, 여기에는 비트코인 구매와 팀 성장 포함된다. 이 거래는 관련자가 거래에 참여하여 210K Capital, LP라는 내부자가 모든 3,200,000 유닛을 구매하였다. 총 $112,000의 중개 수수료 및 160,000 워런트가 발행되었다.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) a conclu la première tranche de son placement privé non intermédiaire, levant 2 240 000 $ en émettant 3 200 000 unités à 0,70 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription avec des prix d'exercice échelonnés allant de 1,00 $ à 2,00 $ sur une période de 5 ans. La société prévoit une deuxième tranche pour lever jusqu'à 975 000 $ à 0,65 $ par unité. Les fonds serviront à financer l'expansion de l'activité Lightning Network de LQWD, y compris les achats de Bitcoin et le développement de l'équipe. Le placement a impliqué une transaction entre parties liées, avec 210K Capital, LP, un initié, achetant toutes les 3 200 000 unités. Des frais de recherche de 112 000 $ et 160 000 bons de souscription ont été émis.
LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) hat die erste Tranche seiner nicht brokerierten Privatplatzierung abgeschlossen, wodurch 2.240.000 $ durch die Emission von 3.200.000 Einheiten zu je 0,70 $ pro Einheit gesammelt wurden. Jede Einheit umfasst eine Stammaktie und einen Warrant mit gestaffelten Ausübungspreisen von 1,00 $ bis 2,00 $ über einen Zeitraum von 5 Jahren. Das Unternehmen plant eine zweite Tranche zur Beschaffung von bis zu 975.000 $ zu 0,65 $ pro Einheit. Die Erlöse werden die Expansion des Lightning Network Geschäfts von LQWD finanzieren, einschließlich Bitcoin-Käufe und Teamerweiterung. Die Platzierung beinhaltete eine Transaktion mit einem verwandten Unternehmen, bei der 210K Capital, LP, ein Insider, alle 3.200.000 Einheiten kaufte. Vermittlungsgebühren von 112.000 $ und 160.000 Warrants wurden ausgegeben.
- Raised $2,240,000 through fully subscribed first tranche of private placement
- Potential for additional $975,000 in second tranche
- Funds allocated for expanding Lightning Network business and Bitcoin purchases
- Strong insider participation with 210K Capital purchasing all 3,200,000 units
- Dilution of existing shareholders due to issuance of 3,200,000 new units
- Potential further dilution with second tranche of up to 1.5 million additional units
VANCOUVER, BC / ACCESSWIRE / October 9, 2024 / LQWD Technologies Corp. (TSXV:LQWD)(OTCQX:LQWDF) ("LQWD" or the "Company") is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of up to
Under the fully subscribed first tranche of the Private Placement, the Company has issued an aggregate of 3,200,000 units of the Company at a price of
The common shares and warrants from the Private Placement are subject to a 4 month hold period before becoming free trading, and the warrants are also subject to acceleration provisions.
A second and final tranche of the Private Placement of up to an additional 1.5 million units at a price of
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 first tranche of the Private Placement, the Company issued to the finder
210K Capital, LP ("210K Capital") is an insider of the Company by virtue of its participation in the Private Placement. 210K Capital participated in the first tranche of the Private Placement by purchasing 3,200,000 units for an aggregate subscription price of
210K Capital is a US-based private investment fund managed by UTXO Management. Since 2019, UTXO Management has been investing in the Bitcoin ecosystem across public and private markets. The firm was founded by Managing Partners David Bailey, Coyn Mateer, and Tyler Evans who have been investing and advocating for Bitcoin since early 2013.
About LQWD Technologies Corp.
LQWD Technologies Corp. is a leading provider of institutional-grade liquidity services for the Lightning Network. The Company's mission is to enhance the global adoption of Bitcoin by providing reliable and scalable liquidity solutions that power the Lightning Network. LQWD operates a growing number of Lightning Network nodes worldwide, ensuring efficient and cost-effective Bitcoin transactions for businesses and individuals alike.
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.
SOURCE: LQWD Technologies
View the original press release on accesswire.com
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