LQwD FinTech Corp (TSE:LQWD) has released an update.
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LQwd FinTech Corp has filed a preliminary base shelf prospectus, which, upon finalization, will enable the company to offer up to C$50 million in various securities over a 25-month period to enhance financial flexibility for developing the Lightning Network. There are no immediate plans for an offering, and the securities will not be registered under the U.S. Securities Act of 1933. Additionally, the company has granted 75,000 stock options to directors and senior officers at C$0.97 per share.
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