LQwD FinTech Corp. announced a non-brokered private placement of 468,750 units at an issue price of CAD 0.64 per unit for gross proceeds of CAD 300,000 on April 5, 2023. Each unit will consist of one common share and one common share purchase warrant, with each warrant exercisable for one common share at an exercise price of CAD 0.85 per common share at any time up to 36 months following the closing date of the transaction.

The transaction will include participation from Guidi, a director of the company. The transaction is subject to regulatory approvals, including acceptance of the TSX Venture Exchange. The company will not pay finder's fees in connection with the transaction.