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LQwD FinTech Corp ( (TSE:LQWD) ) just unveiled an update.
LQWD Technologies Corp. has announced the launch of an at-the-market equity program (ATM Program) allowing the company to issue up to $10 million of common shares to the public. This initiative is designed to bolster LQWD’s strategic growth, enabling the company to rapidly accumulate Bitcoin, which is central to its operations and expansion of its global Lightning Network infrastructure. The proceeds from the ATM Program will support the company’s development, acquisitions, and marketing efforts, positioning LQWD for accelerated growth in the Bitcoin ecosystem.
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-based company focused on advancing Bitcoin adoption through the Lightning Network, a second-layer solution that facilitates instant, low-cost transactions at scale. As one of the first public companies dedicated to Lightning infrastructure, LQWD operates a network to support this innovative technology.
Average Trading Volume: 198,274
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$109.5M
Find detailed analytics on LQWD stock on TipRanks’ Stock Analysis page.