LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) has announced that it intends to complete a consolidation of the outstanding share capital of LQwD. According to the update, LQwD’s board of directors approved the consolidation on Oct. 18, 2022, on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share. LQwD announced that the reasons for the consolidation are to increase its flexibility and competitiveness in the market, as well as make its securities more attractive to a wider audience of potential investors. The consolidation is subject to final acceptance by the TSX Venture Exchange.
To view the full press release, visit https://ibn.fm/qAlAL
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 Bitcoin that is used as an operating asset, establishing nodes and payment channels on the Lightning Network. For more information, visit the company’s website at www.LQwDFinTech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF
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