LQWD Technologies Announces Non-Brokered Private Placement Update

LQWD Technologies Corp. (TSXV:LQWD)(OTCQB:LQWDF) has cancelled its previously announced private placements from July and September 2024. Instead, the company plans to complete a non-brokered private placement of up to 1.5 million units at $0.65 per unit and up to 3.2 million units at $0.70 per unit, aiming to raise $3,215,000 in total.

Each $0.65 unit includes one common share and one-half of a common share purchase warrant, exercisable at $0.90 per share within 18 months. The $0.70 unit comprises one common share and one warrant, allowing buys at staggered prices from $1.00 to $2.00 per share over five years.

The funds will support LQWD's expansion of its Lightning Network business and general operations. The completion depends on regulatory approvals, and a possible finder's fee of up to 5% may be applied.