LQWD Technologies Completes First Private Placement Tranche

LQWD Technologies Corp. has announced the successful closure of the first tranche of its non-brokered private placement, raising $2.24 million. The company issued 3.2 million units at $0.70 each. Each unit includes one common share and one purchase warrant, with varying exercise prices between $1.00 and $2.00 per share over five years.

A second tranche, targeting up to $975,000, remains open and is scheduled to conclude in November 2024. Proceeds will aid LQWD's Lightning Network expansion and business strategy.

210K Capital, a U.S.-based investment fund, participated as an insider. This transaction is classified as a "related party transaction" but meets exemption criteria under current regulations.