LQWD Technologies Completes $3 Million Private Placement

LQWD Technologies Corp., based in Vancouver, has concluded its non-brokered private placement, raising CAD 3,000,000. This was achieved through the issuance of 2,000,000 units at CAD 1.50 per unit. Each unit consists of one common share and half a warrant, enabling acquisition of an additional share at CAD 2.00 within 18 months. The securities are subject to a four-month trading hold.

Net proceeds will support the expansion of LQWD's Lightning Network, Bitcoin purchases, and general corporate needs. The placement included contributions from Alex Guidi, a non-executive director, and 210K Capital LP, a significant shareholder, marking it as a "related party transaction" under securities regulations. The transaction met exemptions from formal valuation and minority shareholder approval requirements.