LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a Bitcoin lightning network service provider is planning to complete its previously announced nonbrokered private placement; the placement consists of 1,153,846 company units offered at $0.65 cents per unit resulting in gross proceeds of up to $750 ,000. According to the announcement, each unit will include one common share of the company and one common share purchase warrant, with each warrant exercisable into one common share at a price of $0.85 cents per share up to 24 months following the closing of the private placement. The company also noted that, under certain conditions, it will have the right to accelerate the expiry date of the warrants but must give written notice regarding the adjusted expiry date to the warrant holder. The company anticipates using the funds from the private placement to expand its lightning network business as well as for general working capital purposes.
To view the full press release, visit https://ibn.fm/kt1fz
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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