LQWD Technologies Corp. Announces Closing of Non-Brokered Financing, Raising $2.3 Million for Bitcoin Acquisition and General Corporate Purposes

LQWD Technologies Corp. has closed a non-brokered private placement offering, selling 560,975 common shares at $4.10 each for gross proceeds of approximately $2.3 million. The company intends to use the proceeds for Bitcoin acquisition and general corporate purposes. The offering is subject to TSX Venture Exchange approval and was made pursuant to Part 5A of National Instrument 45-106. Certain directors and officers participated in the offering, exempt from formal valuation and shareholder approval requirements.

LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF), a Canada-based company focused on Bitcoin Lightning Network services, has successfully closed its non-brokered private placement offering. The company sold 560,975 common shares at a price of C$4.10 per share, raising approximately C$2.3 million (US$1.68 million) [2].

The offering was made to purchasers outside Canada and the United States and is subject to final approval from the TSX Venture Exchange. The proceeds from the offering will be used to acquire Bitcoin for the company's scalable Lightning Network services business and general corporate purposes [2].

The non-brokered offering was conducted pursuant to Part 5A of National Instrument 45-106 – Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 – Exemptions from Certain Conditions of the Listed Issuer Financing Exemption [2]. Certain directors and officers of the company participated in the offering, which was exempt from formal valuation and shareholder approval requirements under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions [2].

LQWD Technologies Corp. has been advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. The company operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [1].

References:
[1] https://www.taiwannews.com.tw/en/news/6151958
[2] https://www.stocktitan.net/news/LQWDF/lqwd-announces-closing-of-non-brokered-03y7wmx6bieo.html