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Press Releases​

LQWD News

Bitcoin-Backed LQWD Technologies Announces that its Lightning Network Infrastructure Surpasses One Million Global Transactions

Vancouver, Canada – November 20, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of transaction infrastructure for the Bitcoin Lightning Network announces that the Company has routed one million transactions through its network, routing approximately 857 Bitcoin with a value of CDN$50 million (US$37 million).

Since deploying LQWD’s Bitcoin Lightning Network strategy in November 2021, the Company’s transaction infrastructure continues to experience strong growth with exponential growth in 2024. From January 1, 2024, to October 31, 2024 LQWD facilitated approximately 643,000 transactions, compared to approximately 112,900 transactions for the same period in 2023. View LQWD’s transaction statistics.

Shone Anstey, CEO of LQWD Technologies, commented, “Reaching one million transactions, with the majority occurring in 2024, highlights the exceptional work of our technical team, led by our CTO, Aziz Pulatov. We remain committed to expanding our services on the Lightning Network and supporting the global Bitcoin transaction ecosystem.”

LQWD’s revenue-generating model deploys Company owned Bitcoin on its network to earn fees, which are paid in Bitcoin, specifically in Satoshis (Sats) that are the smallest unit of Bitcoin (100 million Sats = 1 Bitcoin). Currently, the fees are nominal on a per transaction basis. However, there is potential for an increase in future fees predicated on further adoption of the Lightning Network and LQWD’s network continuing to scale.

LQWD has more than 1,200 connected channels, with channel growth continuing across the Company’s globally connected network. The Company’s primary node, LQWD-Canada, is ranked as the sixth-largest node worldwide. 

About LQWD Technologies Corp.

LQWD Technologies Corp. is a Canadian-based, publicly traded company committed to expanding its Bitcoin Lightning Network transaction infrastructure and liquidity-on-demand services. Our infrastructure enables instant, low-cost, global internet-powered payments at scale. LQWD provides scalable solutions for the open payments market, delivering enterprise-grade infrastructure to support the rapid growth of the Lightning Network. LQWD is debt free, holding 141 Bitcoin with an ongoing Bitcoin accumulation strategy.

For more details, please refer to LQWD’s corporate presentation and stay updated on our Lightning Network node growth or connect to the Company’s nodes in real time.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
X: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

LQWD Announces CDN$3 Million Non-Brokered Private Placement

VANCOUVER, Canada – November 15, 2024, LQWD Technologies Corp. (“LQWD” or the “Company”), (TSXV: LQWD) (OTCQB: LQWDF) announces that it intends to complete a non-brokered private placement of up to 2,000,000 units of the Company (“Units”) at a price of CDN$1.50 per Unit for aggregate gross proceeds of up to CDN$3,000,000 (the “Private Placement”).

Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of CDN$2.00 per share at any time up to 18 months following the closing date of the private placement. The shares and warrants from the Private Placement are subject to a 4 month hold period before becoming free trading.

If the volume weighted average trading price of the common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than CDN$2.50 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is provided by the Company to the warrant holder.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD’s Lightning Network business, additional Bitcoin purchases, and general working capital purposes.

Completion of the Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance of the TSXV. It is anticipated that existing shareholders, directors, and management will be participating in this placement. In connection with the Private Placement, the Company may pay a finder’s fee of up to 5% on the applicable portion of the Private Placement.

About LQWD Technologies Corp.

LQWD Technologies Corp. is a Canadian-based, publicly traded company committed to expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company provides scalable solutions for the open payments market, delivering enterprise-grade infrastructure to support the rapid growth of the Bitcoin Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
X: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

LQWD Acquires Additional Bitcoin Positioning the Company for Per Share Bitcoin Backing and Lightning Network Infrastructure Expansion

Vancouver, Canada – November 13, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTCQB: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure and liquidity-on-demand for the Bitcoin Lightning Network, is pleased to announce that the Company has acquired an additional ~5 Bitcoin.

LQWD now holds ~141 Bitcoin, representing 14.1 billion Satoshis (Sats). LQWD remains a debt free company, and these Bitcoin holdings are free and clear of any encumbrances.

This additional purchase forms part of LQWD’s ongoing strategic plan launched in 2021 to accumulate Bitcoin as a store-of-value, Bitcoin per share backing and as an operating asset for the Company’s Lightning Network platform.

LQWD deploys Bitcoin on the Company’s highly scalable global infrastructure network to expand market share and earn fees which are paid in Bitcoin Satoshis.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure and liquidity-on-demand to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
X: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LQWD Announces Closing of Upsized Non-Brokered Private PlacementLQWD Grants Incentive Stock Options to Key Management

Vancouver, Canada – November 7, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTCQB: LQWDF) (“LQWD” or the “Company”) is pleased to announce that it has closed the second and final tranche of its non-brokered private placement financing of $3,740,000 (the “Private Placement”), which was previously announced on September 27, October 9, and October 22, 2024.

Under the first tranche of the Private Placement, which closed on October 9, 2024, the Company issued an aggregate of 3,200,000 units of the Company at a price of $0.70 per unit to raise gross proceeds of $2,240,000. In the second and final tranche of the Private Placement, the Company has issued an aggregate of 2,307,692 units at a price of $0.65 per unit for gross proceeds of $1,500,000.

Each $0.65 unit consists of one common share of the Company and one-half of one common share purchase warrant. Each full warrant is exercisable into one common share at an exercise price of $0.90 per share at any time up to 18 months following the closing date of the Private Placement. If the volume weighted average trading price of the common shares on the TSX Venture Exchange (“TSXV”) is equal to or greater than $1.25 for a period of 20 consecutive trading days, the Company will have the right to accelerate the expiry date of the warrants by giving written notice that the warrants will expire on the date that is not less than 10 days from the date notice is provided by the Company to the warrant holder.

The common shares and warrants issued under the second tranche of the Private Placement are subject to a 4 month hold period before becoming free trading.

The net proceeds from the Private Placement will be used for, but are not limited to, continuing to expand LQWD’s Lightning Network business, which includes purchasing Bitcoin and expanding the developer team in accordance with the Company’s business strategy, and for general working capital purposes.

In connection with the second tranche of the Private Placement, the Company issued to the finder $27,875 in cash and 30,972 non-transferable share purchase warrants (each, a “Compensation Warrant”). Each such Compensation Warrant will entitle the holder to purchase one common share for a period of 18 months following the closing date with an exercise price of $0.90 per share.

Alex Guidi, a non-executive director of the Company, and 210K Capital LP, a significant shareholder of the Company, participated in the second tranche of the Private Placement by purchasing 150,000 units and 450,000 units for aggregate subscription prices of $97,500 and $292,500, accordingly. Therefore, the Private Placement constitutes a “related party transaction” for the Company within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the requirements to obtain a formal valuation and minority shareholder approval under MI 61-101 as the fair market value of each insider’s participation in the Private Placement does not exceed more than 25% of the market capitalization of the Company, as set forth in Sections 5.5(a) and 5.7(1)(a) of MI 61-101.

The Company also announces that further to its press release dated October 29, 2024, regarding the grant of 500,000 stock options that are exercisable for a period of 5 years at a price of CDN$1.00 per share to various directors, officers, and staff members, that the options will be priced at CDN$1.152 per share in accordance with TSX-V policy.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
X: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the Units, nor shall there be any sale of the Units in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. The Units being offered will not be, and have not been, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, a U.S. person.

LQWD Grants Incentive Stock Options to Key Management

Vancouver, Canada – October 29, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure and liquidity services for the Bitcoin Lightning Network, announces a corporate update that the Company has granted 500,000 stock options that are exercisable for a period of 5 years at a price of CDN$1.00 per share to various directors, officers, and staff members. The stock options will vest over a period of 12 months.

For more details about the Company, please refer to LQWD’s corporate presentation and stay updated on LQWD’s Lightning Network node growth or connect to the Company’s nodes in real time.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LQWD Acquires Additional Bitcoin

Vancouver, Canada – October 29, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure and liquidity services for the Bitcoin Lightning Network, is pleased to announce that the Company has acquired an additional ~5 Bitcoin.

With this recent purchase, LQWD now holds ~136 Bitcoin, representing 13.6 billion Satoshi’s (Sats), equating to 839 Satoshi’s per LQWD share. LQWD is debt free company and the Company’s Bitcoin holdings are free and clear of any encumbrances.

LQWD plans to continue adding Bitcoin to its balance sheet on an ongoing basis, growing the Company’s Bitcoin-Per-Share holdings. Furthermore, the Company utilizes its Bitcoin holdings to earn fees (paid in Bitcoin/Sats) on LQWD’s industry leading global transaction infrastructure for the Lightning Network.

LQWD’s Lightning Network infrastructure is well placed to continue achieving exponential transaction growth and liquidity services with over 1,200 connected channels established globally. LQWD’s Canada node recently achieved the #1 rank on the Lightning Terminal, a reflection of the stability and performance of LQWD’s network.

This recognition underscores the Company’s focus on network optimization and efficient channel management. Since launch, the LQWD’s infrastructure has routed more than 820 Bitcoin and facilitated over 942,000 transactions through its Lightning Network infrastructure.

For more details, please refer to LQWD’s corporate presentation and stay updated on our Lightning Network node growth or connect to the Company’s nodes in real time.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

LQWD Now Holds 131 Bitcoin with Additional Purchases

Vancouver, Canada – October 25, 2024 – LQWD Technologies Corp. (TSXV: LQWD, OTC: LQWDF) (“LQWD” or the “Company”), a leading provider of enterprise-grade transaction infrastructure and liquidity services for the Bitcoin Lightning Network, is pleased to announce that the Company has recently acquired an additional ~16 Bitcoin.

With this recent purchase, LQWD now holds 131 Bitcoin, representing 13.1 billion Satoshi’s, equating to 808 Satoshi’s per LQWD share. LQWD’s Bitcoin holdings are free and clear of any encumbrances with a current value of approximately CDN$12.3 million.

This acquisition also aligns with LQWD’s mission to grow Bitcoin-Per-Share holdings and further solidifies LQWD’s position as a leading Lightning Network infrastructure and liquidity services.

Key Highlights:

  • Bitcoin-Per-Share Increase: The current and recent Bitcoin purchases boost the Company’s Bitcoin-Per-Share metric.
  • Market Capitalization Enhancement: With the additional Bitcoin holdings, a larger proportion of LQWD’s market capitalization will be backed by Bitcoin assets, strengthening the Company’s financial position.
  • Strategic Growth Initiative: This move complements LQWD’s ongoing efforts to expand its industry leading Lightning Network infrastructure, which has now processed over 930,000 transactions since its launch in November 2021.

Shone Anstey, CEO of LQWD, says “We are maximizing shareholder value by increasing and deploying our Bitcoin holdings on LQWD’s Lightning Network infrastructure, which earns fees and compounds our Bitcoin holdings. This investment not only reflects our confidence in Bitcoin as a store-of-value but also reinforces our dedication to advancing the Lightning Network ecosystem.”

LQWD continues to experience robust network growth, with over 1,200 connected channels across key regions, including France, Brazil, Sweden, Italy, Singapore, and Japan. The Company’s focus on AI-driven network optimization and efficient channel management has positioned it at the forefront of the Lightning Network landscape.

For more details, please refer to LQWD’s corporate presentation and stay updated on our Lightning Network node growth or connect to the Company’s nodes in real time.

About LQWD Technologies Corp.

LQWD is a Canadian-based, publicly traded company focused on expanding Lightning Network transaction infrastructure to enable instant, low-cost, internet-powered payments. The Company is committed to delivering enterprise-ready solutions for open payments at scale using the Lightning Network.

For further information:

Ashley Garnot, Director
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdtech.com
Twitter: @LQWDTech

Forward-Looking Statements

This release contains “forward-looking information” within the meaning of applicable securities laws relating to the Company’s business plans and the outlook of the Company’s industry. Although the Company believes, considering the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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