VANCOUVER, BC, July 27, 2021 /CNW/ - Lightning Network
focused company, LQwD Fintech Corp. (TSXV: LQWD) (OTC: LQWDF) is
pleased to announce that it has filed a preliminary short form
base shelf prospectus with the securities commissions in each of
the provinces and territories of Canada, except Quebec.
The base shelf prospectus (the "Shelf Prospectus") has not yet
become final for the purpose of the sale of any Securities (as
defined herein). When final, the Shelf Prospectus will allow LQwD
to offer and issue up to $50 million
of common shares, warrants, subscription receipts, units, debt
securities, or any combination of such securities (collectively,
the "Securities") during the 25-month period that the Shelf
Prospectus is effective. The Securities may be offered separately
or together, in amounts, at prices and on terms to be determined
based on market conditions at the time of sale, which will be set
forth in a prospectus supplement to be filed.
The Company is filing this Shelf Prospectus to maintain
financial flexibility as it advances the development of the
Lightning Network but has no immediate intentions to undertake an
offering.
The Securities have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent
registration or an applicable exemption from the registration
requirements. This news release shall not constitute an offer to
sell or the solicitation of an offer to buy nor shall there be any
sale of the Securities in any State or jurisdiction in which such
offer, solicitation or sale would be unlawful.
A copy of the Shelf Prospectus is available on SEDAR
(www.sedar.com).
About the Lightning Network
The Lightning Network is a solution to mass scaling the usage of
Bitcoin for microtransactions globally, dramatically improving upon
fees, as well as instant settlement times. The Lightning Network
has experienced explosive growth in the past 90-days with node
growth doubling and Lightning Network BTC capacity increasing
51.74%. Some well-known companies such as Jack Dorsey's Twitter and Square have expressed
their enthusiasm to incorporate Lightning Network into their
platforms.
About LQwD Fintech Corp.
LQwD is a Lightning Network focused company developing payment
infrastructure and solutions. 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 as an
operating asset establishing nodes and payment channels across the
Lightning Network.
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,
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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content:https://www.prnewswire.com/news-releases/lqwd-files-preliminary-base-shelf-prospectus-301342029.html
SOURCE LQwD FinTech Corp.