pull down to refresh
I believe this is their first real product - they only did $15k of revenue in Q2
https://lqwdfintech.com/wp-content/uploads/2021/11/LQWD-2021-08-31-FS-Final.pdf
I find that remarkable. I thought going public required abnormal amounts of success.
Canada has a few junior stock exchanges that allow for companies to go public very early in their life cycle, I think this is one of those scenarios
That explains it then. I imagine there's upside to this but mostly seems to put the cart before the horse.
Yeah, one interesting benefit is that they now have the ability to tap into capital markets in a way that is far less expensive than if they were private.
Ex. they recently announced a $50M shelf offering, which allows them to issue up to $50M of securities (equity, debt, options, etc...). So far they've issued $8M of shares, and have used the proceeds to buy more Bitcoin.
Neat way to get access to cheap financing to buy more Bitcoin.
Anyone know what this company sells other than the LN platform? It's looks like they've been public for awhile.