Interlapse / LQwD Financial 2020
Interlapse Technologies Corp. acquired LQwD Financial Corp. for $7M on November 23, 2020.
- Target
- LQwD Financial Corp.
- Acquirer
- Interlapse Technologies Corp.
- Deal value
- $7M
- Announced
- November 23, 2020
- Sub-sector
- Crypto / Digital Assets
Transaction overview
- Interlapse Technologies Corp. announced the acquisition of LQwD Financial Corp. on November 23, 2020 for $7M.
Strategic rationale
Interlapse acquires Lightning Network fintech company to expand crypto and blockchain payment capabilities.
Deal terms & multiples
Sources
- newswire.ca /news-releases/interlapse-announces-agreement-to-acquire-lqwd-financial-corp-a-lightning-network-company-814869006.html