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The latest update is out from LQwD FinTech Corp ( (TSE:LQWD) ).
LQWD Technologies Corp. announced a non-brokered private placement of up to 1.2 million units at CDN$1.75 per unit, aiming to raise CDN$2.1 million. The proceeds will support the expansion of LQWD’s Lightning Network business, additional Bitcoin purchases, and general working capital needs. The private placement is subject to regulatory approvals, and existing stakeholders are expected to participate. The move highlights LQWD’s commitment to advancing its market position and operational capabilities.
More about LQwD FinTech Corp
LQWD Technologies Corp. is a Canadian-based, publicly traded company that focuses on enhancing shareholder value through its Bitcoin accumulation strategy and yield generation opportunities via its Lightning Network transaction infrastructure and liquidity-on-demand services. The company leverages highly scalable enterprise-grade infrastructure to support the growth of the Lightning Network and provides scalable solutions for the open payments market. LQWD currently holds approximately 153 Bitcoin and maintains a debt-free status.
YTD Price Performance: -10.58%
Average Trading Volume: 37,211
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$38.42M
Learn more about LQWD stock on TipRanks’ Stock Analysis page.
