VANCOUVER, BC, Sept. 16, 2021
/CNW/ - Lightning Network focused company, LQwD Fintech Corp.
(TSXV: LQWD) (OTC: LQWDF) is pleased to announce that it has filed
a final short form base shelf prospectus (the "Final Shelf
Prospectus") with the securities commissions in each of the
provinces and territories of Canada, except Québec.
The Final Shelf Prospectus allows the Company 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 Final
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 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 Final Shelf Prospectus is available under the
Company's profile 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 statements
regarding potential financings pursuant to the Final Shelf
Prospectus and the filing of one or more prospectus supplements.
These forward-looking statements are provided as of the date of
this news release, or the effective date of the documents referred
to in this news release, as applicable, and reflect predictions,
expectations or beliefs regarding future events based on the
Company's beliefs at the time the statements were made, as well as
various assumptions made by and information currently available to
them. In making the forward-looking statements included in this
news release, the Company has applied several material assumptions,
including, but not limited to, the assumption that regulatory
approval of any shelf prospectus filings and related offerings will
be obtained in a timely manner; that general economic and business
conditions will not change in a materially adverse manner; and that
the Company will be able to raise funds on reasonable terms.
Although management considers these assumptions to be reasonable
based on information available to it, they may prove to be
incorrect. By their very nature, forward-looking statements involve
inherent risks and uncertainties, both general and specific, and
risks exist that estimates, forecasts, projections and other
forward-looking statements will not be achieved or that assumptions
on which they are based do not reflect future experience. We
caution readers not to place undue reliance on these
forward-looking statements as a number of important factors could
cause the actual outcomes to differ materially from the
expectations expressed in them. These risk factors may be generally
stated as the risk that the assumptions and estimates expressed
above do not occur, but specifically include, without limitation,
risks relating to: general market conditions; the Company's ability
to secure financing, on favourable terms, pursuant to the Final
Shelf Prospectus and any prospectus supplements; and the additional
risks described in the Final Shelf Prospectus and the Company's
Annual Information Form, and other disclosure documents filed by
the Company on SEDAR. The foregoing list of factors that may affect
future results is not exhaustive. When relying on our
forward-looking statements, investors and others should carefully
consider the foregoing factors and other uncertainties and
potential events. The Company does not undertake to update any
forward-looking statement, whether written or oral, that may be
made from time to time by the Company or on behalf of the Company,
except as required by law.
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.
SOURCE LQwD FinTech Corp.