TechFlow news, July 29 — Digital Asset Technologies (CSE: DATT) today announced plans to raise up to CAD 3 million through a non-brokered private placement to fund the development of high-liquidity Lightning Network infrastructure by its subsidiary, LiquidLink AI Corp. This infrastructure aims to enable instant settlement of Bitcoin, stablecoins, and real-world assets, advancing liquidity for multi-asset digital commerce.
The private placement will issue up to 3,000 units of convertible debentures, each priced at CAD 1,000, consisting of a 10% unsecured convertible debenture and 2,000 share purchase warrants. The debentures have a term of 24 months, bear interest at 10% per annum, and are convertible into common shares at CAD 0.25 per share. The warrants are exercisable for a period of 24 months at an exercise price of CAD 0.40 per share.
