LQWD increases financing up to CA$12.3 million, modifying agreement terms
LQWD Technologies Corp., a Canadian Bitcoin company, has announced an increase in its previously announced private placement financing from CAD 10 million to CAD 12.3 million (approximately US$9 million). This move aims to support the expansion of its Bitcoin and Lightning Network operations.
Details and Terms: The private placement consists of both a brokered offering and a non-brokered offering, collectively referred to as the "Offering." The shares are priced at CAD 4.10 per common share, equivalent to US$3.00 per share. Maxim Group LLC is acting as the sole agent and book runner for the brokered portion of the offering. The Offering, which was originally expected to close on July 7, 2025, is now anticipated to occur on or about July 10, 2025, or another mutually agreed date.
Regulatory Requirements: The Offering is being conducted pursuant to National Instrument 45-106 – Prospectus Exemptions (NI 45-106), specifically under Part 5A of NI 45-106. It is also amended by the Coordinated Blanket Order 45-935, which allows certain prospectus exemptions in Canadian securities law, facilitating the private placement to strategic investors and existing shareholders. This Offering is not for distribution or dissemination in the United States, complying with applicable cross-border securities regulations.
The financing increase reflects strong demand from strategic investors and existing shareholders, enabling LQWD to accelerate its Bitcoin acquisition and Lightning Network infrastructure development.
In summary, LQWD Technologies is raising up to CAD 12.3 million through a combined brokered and non-brokered private placement, priced at CAD 4.10 per share, under Canadian securities exemptions, with closing expected around July 10, 2025. Maxim Group LLC is acting as sole agent and book runner for the brokered offering.
The Company's development and growth plans are subject to certain conditions, including approval from the TSX Venture Exchange. The net proceeds from the offering will be used for the acquisition of Bitcoin and general corporate purposes.
Contact information for further information: Ashley Garnot, President/Director Phone: 1.604.669.0912 Email: [email protected] Website: www.lqwdtech.com Twitter: @LQWDTech
[1] The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. [2] Information sourced from LQWD Technologies Corp.'s amended and restated offering document, available on SEDAR+ and the Company's website. [3] This news release contains forward-looking statements that are subject to significant risks and uncertainties. The Company disclaims any intent or obligation to update any forward-looking statement.
- Investors should take note that LQWD Technologies Corp., a Canadian Bitcoin company located in Toronto, is increasing its private placement financing from CAD 10 million to CAD 12.3 million to support the expansion of its Bitcoin and Lightning Network operations.
- As part of the private placement, LQWD Technologies is raising up to CAD 12.3 million through a combined brokered and non-brokered offering, with the shares priced at CAD 4.10 per common share and the closing anticipated to occur on or about July 10, 2025.
- The financing increase reflects strong demand from strategic investors and existing shareholders, allowing LQWD Technologies to accelerate its Bitcoin acquisition and Lightning Network infrastructure development in the near future, subject to certain conditions, including approval from the TSX Venture Exchange.
