LQWD Technologies Expands Private Placement to Meet Demand

LQWD Technologies Corp. announced an increase in its non-brokered private placement due to high demand. Initially declared on September 27 and October 9, 2024, the placement will now aim for total gross proceeds of up to $3,740,000. The first tranche closed successfully on October 9, raising $2,240,000 with 3,200,000 units issued. A second tranche is open for up to 2,307,692 units at $0.65 each, targeting $1,500,000 and expected to close in November.

Each $0.65 unit includes one common share and half a warrant, exercisable into a share at $0.90. Warrants may expire earlier if the share price maintains $1.25 or above for 20 days. Proceeds will aid in advancing LQWD's Lightning Network business, including Bitcoin purchases and team expansion. Conditions apply, including regulatory approval.