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Press Releases​

LQWD News

LQwD FinTech Corp. Announces Name Change to LQWD Technologies Corp.

Vancouver, British Columbia, July 26, 2023 – LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce that it has received final approval from the TSX Venture Exchange to change its name to LQWD Technologies Corp., which will become effective on July 28, 2023. The decision to rebrand to LQWD Technologies Corp. comes after careful consideration and strategic planning by management.

There will be no interruption in trading of the Company’s common shares and the Company’s trading symbols will remain unchanged. Also, no action is required by existing shareholders of the Company with respect to the name change.

The Company’s new CUSIP number is 502154107 (ISIN: CA5021541076).

For further information:  

Ashley Garnot, Director

Phone: 1.604.669.0912 

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQWDFintech

Forward-Looking Statements

This press 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 press 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

LQwD Fintech Corp Closes upsized Non-Brokered Private Placement

Vancouver, British Columbia, June 8, 2023 – LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce that it has closed its previously announced non-brokered private placement financing of $750,000, which has been upsized to $882,000 (the “Private Placement”), originally announced on May 2, 2023.

Under the Private Placement, LQwD has issued an aggregate of 1,356,846 units of the Company (each a “Unit”) at a price of $0.65 per Unit for aggregate gross proceeds of $882,000. Each Unit is comprised of 1 common share of the Company and 1 common share purchase warrant, with each warrant being exercisable for 1 common share at an exercise price of $0.85 per common share at any time up to 24 months following the closing date of the Private Placement, with each warrant being subject to acceleration in certain circumstances. If the 10 day volume-weighted average trading price of the common shares is greater than $1.25, then the Company may provide notice in writing to the holders of the warrants that the expiry date of the warrants will be accelerated in whole or in part, which is at the sole discretion of the Company’s board of directors.The common shares and warrants issued pursuant to the Private Placement, as well as the common shares issuable upon exercise of the warrants, if any, are subject to a statutory hold period of 4 months and a day ending on October 9 2023, in accordance with applicable securities law.

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

In connection with the Private Placement, the Company paid a cash finder’s fee in the amount of $2,275, which was equal to 5% of the gross proceeds raised by purchasers introduced by such finder.

Shone Anstey is an insider of the Company, as CEO and a director of the Company, and holds 10.09% of the common shares of the Company on a partially diluted basis.

Mr. Anstey participated in the Private Placement by purchasing 153,846 Units for an aggregate subscription price of $100,000, and, accordingly, 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 Mr. Anstey’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.

For further information:

Ashley Garnot, Director

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Twitter: @LQWDFintech

Forward-Looking Statements

This press 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 press 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press 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 Non-Brokered Private Placement

Vancouver, British Columbia, May 3, 2023 – Bitcoin Lightning Network Service Provider, LQwD Fintech Corp. (“LQwD” or “the Company”) announces that it intends to complete a non-brokered private placement of 1,153,846 units of the Company (“Units”) at a price of $0.65 cents per Unit for aggregate gross proceeds of up to $750,000 (the “Private Placement”). The Company’s shares trade on the TSX Venture Exchange (“TSXV”), trading symbol “LQWD”, and the OTCQB, trading symbol “LQWDF”.

Each Unit will consist of one common share of the Company and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of $0.85 cents per share at any time up to 24 months following the closing date of the private placement.

If the volume weighted average trading price of the common shares on the TSXV is equal to or greater than $1.25 for a period of 10 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 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.

In connection with the Private Placement, the Company may pay a finder’s fees, where applicable.

LQwD operates a global network of Bitcoin Lightning Network routing nodes. Since the Company launched its first node in November 2021, node activity and LN presence has increased substantially, routing over 324 BTC and over 167,000 transactions. LQwD’s node network currently generates nominal fees, however, these fees could potentially increase substantially over time, based on further adoption of the Lightning Network, which is growing at a rapid rate. Real-time tracking of LQwD’s node transaction volume and connection to our global routing nodes can be accessed on our website: https://lqwdtech.com/node-stats/. You can follow LQwD’s node transaction volume in real-time here.

LQwD has no debt and holds ~114 Bitcoin on the balance sheet, which are used to secure LN routing nodes and establish node liquidity.

For further information:

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

Forward-Looking Statements

This press 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 press 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press 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 Fintech Corp. Closes Non-Brokered Private Placement

Vancouver, British Columbia, April 26, 2023 – LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF) is pleased to announce that it has closed its previously announced non-brokered private placement financing of $300,000 (the “Private Placement”), originally announced on April 5, 2022.

Under the Private Placement, LQwD has issued an aggregate of 468,750 units of the Company (each a “Unit”) at a price of $0.64 per Unit for aggregate gross proceeds of $300,000. Each Unit is comprised of 1 common share of the Company and 1 common share purchase warrant, with each warrant being exercisable for 1 common share at an exercise price of $0.85 per common share at any time up to 36 months following the closing date of the Private Placement. The common shares and warrants issued pursuant to the Private Placement, as well as the common shares issuable upon exercise of the warrants, if any, are subject to a statutory hold period of 4 months and a day ending on August 27, 2023, in accordance with applicable securities law.

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

The Company did not pay finder’s fees in connection with the Private Placement. 

Alex Guidi is an insider of the Company, as a non-executive director of the Company, and holds 9.34% of the Common Shares of the Company on a partially diluted basis.

Mr. Guidi participated in the Private Placement by purchasing 468,750 Units for an aggregate subscription price of $300,000, and, accordingly, 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 Mr. Guidi’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.

For further information:  

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

Forward-Looking Statements 

This press 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 press 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press 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 Fintech Corp. Appoints Alex P. Guidi as director and announces non-brokered private placement

Vancouver, British Columbia, April 5, 2023 – Bitcoin Lightning Network Focused LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), is pleased to announce the appointment of Alex P. Guidi as an independent director of the Company. The board of directors now consists of Shone Anstey, Ashley Garnot, Pino Perone, Kim Evans and Alex P. Guidi.

Mr. Guidi is an experienced public company executive, investor, and successful venture capitalist. At age 26, Alex founded and was principal shareholder in a group of highly successful senior board-listed companies, known as the IREMCO Group of Companies. Under his leadership from 1986 to 2012, the IREMCO group became among the fastest growing international exploration, development, and production enterprises globally. Currently, the IREMCO Group is a privately held investment corporation. 

In conjunction with Mr. Guidi’s board appointment, LQwD will complete a non-brokered private placement of 468,750 units of the Company (each a “Unit”) at a price of $0.64 per Unit for aggregate gross proceeds of $300,000 (the “Private Placement”). Each Unit will consist of 1 common share of the Company and 1 common share purchase warrant, with each warrant exercisable for 1 common share at an exercise price of $0.85 per common share at any time up to 36 months following the closing date of the Private Placement.

The Private Placement will be fully subscribed by Mr. Guidi, a director of the Company. Accordingly, the participation of Mr. Guidi in the Private Placement constitutes a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The Company is exempt from the formal valuation and minority approval requirement under MI 61-101 as the fair market value of Mr. Guidi’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 net proceeds from the Private Placement are intended to be used, but are not limited to, continuing to expand LQwD’s Lightning Network business 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 TSX Venture Exchange (“TSXV”).

In connection with the Private Placement, the Company will not pay finder’s fees.

About LQwD 

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The Company’s mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:  

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com
Twitter: @LQwDFinTech

Forward-Looking Statements

This press 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 press 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 TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

This press 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 Becomes First Third-Party Lighting Service Provider with Leading Lightning Network Wallet

Vancouver, British Columbia, February 29, 2023 – Bitcoin Lightning Network Focused LQwD Fintech Corp. (TSXV: LQWD, OTC: LQWDF), is pleased to announce that it is the first third-party Lightning Network service provider (LSP) with a leading Lightning Network wallet, Breez Developments (Breez) in their new open-lightning service model.

“Becoming the first LSP connected with Breez and their Open-LSP Model positions LQwD to provide liquidity to a fast-growing wallet operator and potentially capture significant transaction volume, generate yield on our Bitcoin holdings, all while maintaining full sovereignty and full custody.” commented Shone Anstey, LQwD’s Chief Executive Officer.

In this LSP model, LQwD will be connecting its global routing nodes to a well-connected Breez node on the Lightning Network, allowing for LQwD to get additional volume and connectivity.  LQwD nodes are backed by company owned Bitcoin and will now earn additional fees from Breez’s incoming and outbound liquidity.

Israeli-based Breez, is a well-established fast growing non-custodial Lightning Network wallet for users to buy, sell, and pay for goods, services, and streaming content with low-friction. Breez is building a non-custodial Lightning SDK to interface with existing, real-world apps and launching a hybrid architecture that will let users access their bitcoin on any device and in any participating app.

To learn more about the Breez and LQwD LSP partnership, please visit here.

About LQwD 

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The Company’s mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:  

Ashley Garnot, Corporate Development
Phone: 1.604.669.0912
Email: [email protected]
Website: www.lqwdfintech.com
Twitter: @LQwDFinTech

Forward-Looking Statements

This news 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 Fintech Releases Version 2 of its Bitcoin Lightning Network Platform

Lightning Network focused LQwD Fintech Corp. (TSXV: LQWD, OTCQB: LQWDF), announces that it has released a new and updated version of lqwd.tech, the Company’s proprietary, non-custodial Lightning Network Software as a Service platform (SaaS).

LQwD’s Lightning Network platform makes it easier for institutions, businesses, and users, to integrate and use the Lightning Network. The platform, which is highly scalable, allows for millions of Bitcoin transactions to be made in seconds over the Lightning Network.

“We are very excited for the release of the updated version of our Lightning Network platform, lqwd.tech” stated CEO, Shone Anstey “We have learned a lot and made vast improvements to the platform and LQwD as a company has become a key player on the Lightning Network through its global routing nodes and our easy to use platform.”

The updated version of lqwd.tech has a new look and includes updated features, which enables users to:

  • Easily create and manage Lightning Network nodes.
  • Transact securely, privately, and near-instantaneously on the Lightning Network.
  • Create Lightning Network channels with effective routing.
  • Request and manage liquidity more efficiently.

The Company has deployed a portion of its Bitcoin holdings to maintain its 19 globally launched nodes and provide liquidity to the platform, thus enabling the Company to earn transaction fees on this rapidly growing global payment rail. Currently, LQwD’s global routing nodes have forwarded over 123 thousand transactions totaling 250 Bitcoin.

For more information on LQwD’s Lightning Network platform, or to sign up as a user, please visit lqwd.tech

About the Lightning Network

The Lightning Network is a solution to mass scaling the usage of Bitcoin for microtransactions globally, dramatically improving upon fees and instant settlement times.

About LQwD FinTech Corp.

LQwD is a Lightning Network Service Provider (LSP) focused on developing payment infrastructure and solutions accelerating the global mega trend of Bitcoin adoption through the Lightning Network. The Company\’s mission is to develop institutional grade services that support the Lightning Network and drive improved functionality, transaction capability, user adoption and utility and scaling Bitcoin. LQwD also holds Bitcoin that is used as an operating asset establishing nodes and payment channels on the Lightning Network.

For further information:

Ashley Garnot, Corporate Development

Phone: 1.604.669.0912

Email: [email protected]

Website: www.lqwdfintech.com

Forward-Looking Statements

This news 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, in light of 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. The Company undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Company, LQwD Financial, their securities, or their respective financial or operating results (as applicable).

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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