LQWD Technologies Corp. announced a non-brokered private placement of 1,625,000 units at a price of CAD 0.40 per unit for the gross proceeds of CAD 650,000 on December 21, 2023. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable into one common share at an exercise price of CAD 0.60 per share at any time up to 24 months following the closing date of the private placement.

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 did not pay finder's fees.