Boardwalktech Software Corp Announces Non-Brokered LIFE Offering: A Strategic Move for Growth and Resilience

Boardwalktech Software Corp (TSXV: BWLK) (OTCQB: BWLKF), a leading digital ledger platform and enterprise software solutions company, has announced a non-brokered private placement pursuant to the Listed Issuer Financing Exemption (LIFE) of National Instrument 45-106 - Prospectus Exemptions. The offering aims to raise up to C$1,500,000 through the issuance of 11,538,462 units at C$0.13 per unit. Each unit consists of one common share and one warrant, with each warrant entitling the holder to acquire one common share at C$0.25 for a period of 12 months from the closing date of the offering.

The offering aligns with Boardwalktech's long-term growth strategy by providing the company with the necessary capital to invest in key areas that will drive new business and enhance its balance sheet. The raised funds will be used for sales and marketing expenditures, working capital requirements, and to enhance its balance sheet to drive new business. This allocation of funds suggests that the company is focusing on growth initiatives and improving its financial position, which aligns with its assessment of its future growth prospects.

The offering's structure, including the price per unit and warrant terms, reflects Boardwalktech's assessment of its current valuation and future growth prospects. The offering price of C$0.13 per Unit is lower than the previous offering price of C$0.30 per Unit in December 2023, suggesting that the company may be facing challenges in its valuation or growth prospects. However, the company is still offering a discount compared to its stock price, which was around C$0.17 at the time of the offering announcement. The warrants included in each Unit have a lower exercise price (C$0.25) compared to the previous offering (C$0.50) and a shorter exercise period (12 months vs. 36 months), indicating that the company is offering more favorable terms to investors.

Boardwalktech's strategic move to raise capital through the LIFE offering is a testament to its commitment to driving growth and enhancing its financial position. The company's focus on sales and marketing, working capital requirements, and enhancing its balance sheet demonstrates its dedication to pursuing new business opportunities and improving its overall financial resilience. As the company continues to execute on its growth strategy, investors should closely monitor its progress and consider the potential benefits and risks associated with its strategic initiatives.