LQWD Updates At-The-Market Equity Program and Reports Annual General Meeting Voting Results

Rhea-AI Summary

LQWD Technologies (OTCQX: LQWDF) updated its At-The-Market (ATM) equity program and reported voting results from its December 10, 2025 annual general meeting.

Key points: the ATM Program, which permits issuance of up to C$10,000,000 of common shares, remains in effect until December 31, 2025 but the company has not issued or sold any shares under it and does not intend to issue shares under the program. Shareholders fixed the board at five directors and elected all five nominees. Kingston Ross Pasnak LLP was appointed auditor and shareholders approved a rolling stock option plan allowing issuance of up to 10% of issued and outstanding common shares.

Positive

• ATM capacity set at C$10,000,000 until Dec 31, 2025
• Board continuity — five directors duly elected on Dec 10, 2025
• Auditor appointed — Kingston Ross Pasnak LLP named for upcoming year

Negative

• No ATM proceeds — company has not issued or sold any shares under the ATM Program
• Potential dilution — rolling stock option plan allows up to 10% of outstanding shares

Vancouver, British Columbia--(Newsfile Corp. - December 10, 2025) - LQWD Technologies Corp. (TSXV: LQWD) (OTCQX: LQWDF) is pleased to provide an update on the Company's At-The-Market Equity Program (the "ATM Program") and voting results from its 2025 annual general meeting of shareholders (the "Meeting") held today in Vancouver, Canada.

At-The-Market Equity Program Update

From the effective date of the ATM Program to the date of this release, the Company has not issued or sold any Common Shares under the ATM Program. Furthermore, the Company does not intend on issuing shares under the ATM Program which remains in effect until expiry on December 31, 2025.

The ATM Program previously announced on July 15, 2025, allows the Company to issue and sell into the open market up to C$10,000,000 common shares from time-to-time through the TSX Venture Exchange or any other marketplace in Canada, at the Company's discretion.

Fixing the Number and Election of Directors

Shareholders fixed the number of directors at five (5), and all five (5) of the nominees listed in LQWD's management information circular dated November 14, 2025, that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company's shareholders or until their successors are elected or appointed.

Appointment of Auditors

Shareholders appointed Kingston Ross Pasnak LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company's incentive stock option plan, which is a rolling stock option plan that permits the issuance of up to an aggregate of 10% of the issued and outstanding common shares of the Company from time to time, was approved by shareholders.

About LQWD Technologies Corp.

LQWD is a Canadian-domiciled public company with offices in Vancouver, Canada, and Lugano, Switzerland. The Company is audited and publicly traded on the TSX Venture Exchange under the symbol LQWD, and on the OTCQX Market in the United States under the symbol LQWDF. The Company is advancing Bitcoin adoption through the Lightning Network, a second-layer solution that enables instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity.

For more information, please visit LQWD's website and connect with the Company's Lightning Network nodes in real time.

For further information:

Ashley Garnot, President/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, including statements relating to potential future sales under the ATM Program and the anticipated use of proceeds. Forward-looking information is based on management's current expectations and assumptions, including statements with regard to the results of the Meeting, and the ATM Program. 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 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277642

FAQ

What did LQWDF announce about its At-The-Market (ATM) program on December 10, 2025?

The company said the ATM program allows up to C$10,000,000 of common shares until Dec 31, 2025, but no shares have been issued under it.

Will LQWDF issue shares under the ATM program before December 31, 2025?

The company stated it does not intend to issue shares under the ATM program prior to its expiry on Dec 31, 2025.

How many directors were elected at LQWDF's December 10, 2025 annual meeting?

Shareholders fixed the board at five directors and all five nominees were duly elected.

Who was appointed auditor for LQWDF for the upcoming year?

Shareholders appointed Kingston Ross Pasnak LLP as auditor and authorized the board to fix its remuneration.

What did shareholders approve regarding LQWDF's stock option plan on December 10, 2025?

Shareholders approved a rolling stock option plan permitting issuance of up to 10% of issued and outstanding common shares.

Does the approved 10% stock option plan create immediate dilution for LQWDF shareholders?

The approval permits potential dilution up to 10%; any actual dilution depends on future option grants and exercises.