On June 8, 2023, LQwD FinTech Corp. closed the transaction. The company amended the terms of the transaction and now issued 1,356,846 units at a price of CAD 0.65 per Unit for aggregate gross proceeds of CAD 882,000.

each warrant being subject to acceleration in certain circumstances. If the 10 day volume-weighted average trading price of the common shares is greater than CAD 1.25, then the Company may provide notice in writing to the holders of the warrants that the expiry date of the warrants will be accelerated in whole or in part, which is at the sole discretion of the Company's board of directors. The securities are subject to a statutory hold period of 4 months and a day ending on October 9 2023, in accordance with applicable securities law.

In connection with the transaction, the company paid a cash finder's fee in the amount of CAD 2,275, which was equal to 5% of the gross proceeds raised by purchasers introduced by such finder. As a part of the transaction, Shone Anstey subscribed for 153,846 units for an aggregate subscription price of CAD 100,000. The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement.

The transaction included participation from 10 placees, and existing insider involvement of one insider for 798,250.