Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Starting to move up
8 million in cash
NEWS
LQR House Initiates Warrants Cancellation and Commits to Postpone Public Offerings for the Foreseeable Future
MIAMI BEACH, FL / ACCESSWIRE / December 20, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, has declared a significant step by cancelling representative warrants to bolster shareholder confidence. The Company is also committing to a hiatus on offerings and capital raises, redirecting its efforts toward expanding its e-commerce presence and cultivating marketing partnerships. With approximately $8 million in cash reserves, LQR House believes that the Company can preserve cash flow, sustain business growth, and prioritize profitability.
On December 16, 2023, LQR House and designees of EF Hutton LLC ("EF Hutton") entered into several agreements to cancel EF Hutton's representative warrants to purchase a total of 9,335,696 shares of the Company's common stock. These warrants had been issued to EF Hutton designees in three public offerings of the Company's common stock completed since August 11, 2023, with exercise prices ranging from $5.00 per share to $0.07 per share, encompassing all outstanding warrants of the Company. In consideration for the cancellation, LQR House agreed to compensate EF Hutton designees a total of $60,000.
Given the current business environment, LQR House has also opted to delay further offerings and capital raises at this time, choosing instead to explore ventures that may enhance Company's value. This strategic decision aligns with the Company's dedication to prudent financial management and long-term value creation for its shareholders.
Sean Dollinger, Chief Executive of LQR House, emphasized the significance of this move, stating, "We believe, that canceling all outstanding warrants at a discount to the market price provides LQR House with a unique opportunity to enhance shareholder protection. This action actively prevents additional dilution, reinforcing our commitment to executing promises to our shareholders. With the completion of these transactions, LQR House is now warrant-free, which, we believe, helps alleviating investor concerns about the financial structure of the Company. In our view, this step allows them to focus on the strong fundamentals of our business. As LQR House continues its growth through product and service expansion, exploring various acquisition and business development opportunities, we anticipate that this move sets the stage for more favorable terms in future transactions with financial and strategic
Ec
Just stop. 3.1m OS...just reversed. Shut it.
Pedro. There have be RS. Outstanding now is 3.1 m
Warrants and others cancelled offerings.
Will dip to about 4.1 perhaps then run north
Wow. I didn't think this would happen. Watch out, because they issued a 200+ million shares.
.
Small OS...Where are you getting this from?
These shorts are crazy aggressive
Picked up a few more on that dip
Ec
5 break it goes.
Looking strong this morning
Ec
Big insider purchase. 125k dollars open market by CEO. That's super bullish.
Going to get better.
Looking fantastic here...
Bought back in at 3.75
Ghoszt
Lots of baggies getting out. No warrants, small OS. I think it will bounce
CANT TELL LQR WENT RED
LOWER THAN PREVIOUS CLOSE B4 THE NEWS
FEELS LIKE A LIQUIDITY EVENT
HOPEFULLY THIS POC BOUNCES
Just took away the supply AND the warrant hedge. Shorts lost a lot of leverage.
Great news...
Hopped out at 6.00
Looking to get back in on this pull back...
GhosT
Nice update
How high will she go
Remember she is trading very high above the Top Bollinger
Ec
Told you they had strong updates coming. 😁
Company has some strong updates coming.
Still going strong
Trading outside the Top Bollie
Should come down tomorrow
Ec
Criminal how they crush it back down on a few hundred shares
There's the move you needed
LQR: Well, NOT quite that high --- but, this has been the EASIEST reasonable profit run of the day. (And I DO like this Firm; an unusual commercial niche & industry.)
EOD 300-400? Still sticking by it?
LQR: YEP!! (But by end of this day, this stock will likely be UP by circa 300%-400%!!)
Stuff like this is just so ridiculous
LQR: News $306 per share price target, & more buyback of shares.
Feeling awful squeezy here.
I'm not sure. Tiny OS...maybe these vultures will leave it be? Moving with caution here but it def has a different feel.
Wow…this is like a whole different LQR. Maybe it has finally bottomed out? I kinda doubt it, usually these dilution machines keep on diluting
Damn nice recovery
Run run run!! Shorts destroyed this thing bout time it's turning.
Dead cats bounce. Nice turn..let's see what's next.
not bad for garbage.
This one is super garbage
They have to stay above $1 for 10 days
To get off the naughty list
Ec
Followers
|
12
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
699
|
Created
|
08/08/23
|
Type
|
Free
|
Moderators |
LQR | LQR House Inc. | ||||
Consumer Defensive | Beverages - Wineries & Distilleries | USA | NASD https://finviz.com/quote.ashx?t=LQR&ty=c&ta=1&p=d
|
Book/sh | 0.19 |
Debt/Eq | 0.00 |
Sales Q/Q | 433.00% |
DISCLAIMER: ONLY FOR MICK
https://investorshub.advfn.com/boards/profilea.aspx?user=1012
*DISCLAIMER *The Board Monitor and herewith, are not licensed brokers and assume NO responsibility for the actions,
investment decisions, and or messages posted on this forum.
• We do NOT recommend that anyone buy or sell any securities posted herewith.
ANY trade entered into risks the possibility of losing the funds invested.
• There are no guarantees when buying or selling any security.Any
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |