LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has closed on its previously announced nonbrokered private placement. The private placement, which was announced earlier this month, closed for an estimated $300,000 gross proceeds and comprised the issuance of 468,750 units of the company for $0.64 per unit; each unit included one common share of the company and one common share purchase warrant, with each warrant being exercisable for one common share at an exercise price of $0.85 per common share at any time up to 36 months following the private placement closing. According to the announcement, the funds from the private placement will be used to expand LQwD’s Lightning Network business as well as general working capital purposes.
To view the full press release, visit https://ibn.fm/mnw2j
About LQwD Fintech Corp.
LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global megatrend 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, please visit 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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