LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), an emerging technology company developing payment infrastructure for the Bitcoin Lightning Network, has terminated its investor relations agreement with Maynard Communications Limited; the termination is effective immediately. The company noted that the termination was a result of not receiving approval of the agreement from the TSX Venture Exchange. LQwD Fintech entered into an agreement with Maynard in November 2021 for various corporate communications services. According to the announcement, the company paid C$740,000 up front for a six-month period. The announcement noted that Maynard participated in the company’s prospectus offering, purchasing 2.1 million units at C$0.35 per unit; that offering closed on Oct. 28, 2021. As a result of the contract termination, LQwd has requested immediate reimbursement of C$635,000 from Maynard for services not yet provided.
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About LQwD Fintech Corp.
LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The company’s mission is to develop institutional-grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility, and scaling Bitcoin. LQwD also holds and acquires Bitcoin as an operating asset establishing nodes and payment channels across the Lightning Network. For more information, please visit www.LQwDFintech.com.
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