On January 22, 2024, LQWD Technologies Corp. closed the transaction. The company issued 1,625,000 units at a price of CAD 0.40 per unit for the gross proceeds of CAD 650,000. 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. 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 May 23, 2024, in accordance with applicable securities law. In connection with the Private Placement, the Company did not pay finder's fees. The transaction included participation from Shone Anstey holds 7.32% of the common shares who have purchased 62,500 Units for an aggregate subscription price of CAD 25,000 and Alex Guidi holds 8.14% of the common shares who have purchased 325,000 Units for an aggregate subscription price of CAD 130,000.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from 7 placees including existing insider involvement of 2 insiders for 387,500.