LQWD Announces CDN$2.1 Million Non-Brokered Private Placement

Rhea-AI Summary

LQWD Technologies (TSXV: LQWD) (OTCQB: LQWDF) has announced plans for a non-brokered private placement to raise up to CDN$2.1 million. The company will issue up to 1,200,000 units at CDN$1.75 per unit. Each unit includes one common share and half a warrant, with each full warrant exercisable at CDN$2.25 per share within 18 months of closing.

The company maintains an acceleration right if the stock trades at or above CDN$2.75 for 20 consecutive trading days. Proceeds will fund Lightning Network business expansion, Bitcoin purchases, and working capital. The placement includes a 4-month hold period and may involve up to 5% finder's fees. Directors, management, and existing shareholders are expected to participate, subject to TSXV approval.

Positive

• Raising up to CDN$2.1 million in new capital
• Strategic investment in Lightning Network expansion and Bitcoin acquisition
• Management and insider participation indicating confidence
• Warrant exercise price of CDN$2.25 represents 28.6% premium to unit price

Negative

• Potential dilution for existing shareholders
• 4-month hold period restricts immediate liquidity
• Additional 5% cost in potential finder's fees

Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQB: LQWDF) ("LQWD" or the "Company") announces that it intends to complete a non-brokered private placement of up to 1,200,000 units of the Company ("Units") at a price of CDN$1.75 per Unit for aggregate gross proceeds of up to CDN$2,100,000 (the "Private Placement").

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 CDN$2.25 per share at any time up to 18 months following the closing date of the Private Placement. The shares and warrants from the Private Placement are subject to a 4 month hold period before becoming free trading.

If the volume weighted average trading price of the common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than CDN$2.75 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is provided by the Company to the warrant holder.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD's Lightning Network business, additional Bitcoin purchases, 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 5% on the applicable portion of the Private Placement.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on enhancing shareholder value through its Bitcoin accumulation strategy and yield generation opportunities through the Company's Lightning Network transaction infrastructure and liquidity-on-demand services. By leveraging highly scalable enterprise-grade infrastructure, LQWD supports the rapid growth of the Lightning Network and delivers scalable solutions for the open payments market. LQWD currently owns ~153 Bitcoin in its treasury and a debt-free status.

For more information, contact:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: ashley@lqwdtech.com
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/237644

FAQ

How much is LQWD Technologies (LQWDF) raising in their private placement?

LQWD Technologies is raising up to CDN$2.1 million through a non-brokered private placement, offering 1,200,000 units at CDN$1.75 per unit.

What is the warrant exercise price for LQWDF's January 2025 private placement?

The warrant exercise price is CDN$2.25 per share, exercisable within 18 months following the closing date.

How will LQWD Technologies use the proceeds from the 2025 private placement?

The proceeds will be used for expanding LQWD's Lightning Network business, additional Bitcoin purchases, and general working capital purposes.

What is the acceleration clause in LQWDF's 2025 private placement?

If LQWD's stock trades at or above CDN$2.75 for 20 consecutive trading days, the company can accelerate the warrant expiry date with 10 days notice.

What is the hold period for LQWDF's private placement shares and warrants?

The shares and warrants from the private placement are subject to a 4-month hold period before becoming free trading.