Investornewsbreaks Lqwd Fintech Corp. (TSX.V: LQWD) (OTC: LQWDF) Announces Closing On Upsized Nonbrokered Private Placement


(MENAFN- Investor Brand Network) lqwd fintech (tsx.v: lqwd) (otc: lqwdf) , a bitcoin lightning network service provider, has closed on a nonbrokered private placement financing of
$882,000; the company announced the financing, which was originally anticipated to be $750,000, in early May 2023. The private placement included LQwD issuing 1,356,846 units of the company, which were sold at $0.65
per unit. Each unit was comprised of one common share 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 24 months following the closing date of the placement. According to the announcement, the common shares and warrants that were issued are subject to a four-month-plus-one-day statutory hold period. The company plans on using at least portions of the proceeds from the placement to expand its Lightning Network business and for general working capital purposes. The announcement also noted that LQwD CEO and director Shone Anstey holds 10.09% of the common shares of the company on a partially diluted basis.

To view the full press release, visit

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
.

NOTE TO INVESTORS:
The latest news and updates relating to LQWDF are available in the company's newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you'll need to ensure that your next press release grabs the attention of your target audience and doesn't let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.

As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire's syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office

InvestorWire is part of the
investorbrandnetwork

MENAFN09062023000224011066ID1106418100


Investor Brand Network

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.