LQwD Fintech (TSX.V: LQWD) (OTC: LQWDF), a company focused on building infrastructure on the Bitcoin Lightning Network global micropayment system, has appointed an independent director. Alex P. Guidi, an experienced public company executive, investor, and successful venture capitalist, will be serving on the company’s board of directors alongside Shone Anstey, Ashley Garnot, Pino Perone and Kim Evans. As principal shareholder and founder of the IREMCO Group, a cluster of highly successful, senior board-listed companies, Guidi brings a depth of experience and expertise to his new role. In conjunction with Guidi’s board appointment, LQwD also announced a nonbrokered private placement of 468,750 units of the company at a price of $0.64 per unit resulting in gross proceeds of $300,000. According to the announcement, each unit includes one common share of the company and one common share purchase warrant. The private placement will be fully subscribed by Guidi. LQwD anticipates using the proceeds from the private placement to expand its Lightning Network business and for general working capital purposes. Completion of the placement is subject to the receipt of all necessary regulatory approvals, including acceptance of the TSX Venture Exchange.
To view the full press release, visit https://ibn.fm/gJ93v
About LQwD Fintech Corp.
LQwD is a Lightning Network service provider (“LSP”) focused on developing payment infrastructure and solutions accelerating the global megatrend of Bitcoin adoption through the Lightning Network. 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 that is used as an operating asset establishing nodes and payment channels on the Lightning Network. For more information, please visit www.LQwDFintech.com.
NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF
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