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LQwD FinTech Corp ( (TSE:LQWD) ) has provided an announcement.
LQWD Technologies Corp. has announced a non-brokered private placement to raise up to C$2,000,000 by issuing 1,333,333 units, each consisting of a common share and a warrant. The proceeds will be used to purchase Bitcoin for deployment on the Lightning Network, enhancing the company’s treasury strategy. This move is expected to strengthen LQWD’s position in the market by leveraging Bitcoin’s potential through the Lightning Network, thus benefiting stakeholders by potentially increasing liquidity and yield generation.
Spark’s Take on TSE:LQWD Stock
According to Spark, TipRanks’ AI Analyst, TSE:LQWD is a Underperform.
LQwD FinTech Corp faces significant financial challenges, with declining revenues and negative cash flow impacting its overall score heavily. Technical indicators suggest a bearish trend, and valuation metrics indicate potential overvaluation. However, positive corporate developments in cryptocurrency capabilities offer a potential growth avenue, but overall risk remains high.
To see Spark’s full report on TSE:LQWD stock, click here.
More about LQwD FinTech Corp
LQWD Technologies Corp. is a Canadian public company with offices in Vancouver, Canada, and Lugano, Switzerland. It is focused on advancing Bitcoin adoption through the Lightning Network, which facilitates instant, low-cost transactions. LQWD operates a network of enterprise-grade nodes to earn transaction fees and support network liquidity, offering investors exposure to Bitcoin’s long-term appreciation and the revenue potential of Lightning-based payment technology.
Average Trading Volume: 247,687
Technical Sentiment Signal: Sell
Current Market Cap: C$46.04M
Learn more about LQWD stock on TipRanks’ Stock Analysis page.