LQR House announces 1-for-60 reverse stock split effective Nov 30 to meet Nasdaq bid price requirement

LQR House Inc.

Reverse stock split ratio of 1-for-60, effective 12:01 a.m. ET on Nov 30, 2023.
Split addresses Nasdaq deficiency notice (Oct 24, 2023) for minimum bid price of $1.00 per share.
No fractional shares issued; all fractional shares rounded up to next whole share.
Company cautions no guarantee of meeting bid price requirement despite the split.

item 5.03 item 8.01 item 9.01

Key facts

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

LQR House Inc.: 1-for-60 reverse stock split of common stock (effective 2023-11-30).

Change: charter amendment
Effective: 2023-11-30

Exact text from the filing

LQR House Inc. (the “Company”) filed on November 28, 2023 a Certificate of Change to the Articles of Incorporation of the Company with the Secretary of State of the State of Nevada (the “Certificate of Change”) that provides for a 1-for-60 reverse stock split (the “Split”) of its shares of common stock, par value $0.0001 per share (the “Common Stock”) that became effective at 12:01 a.m. on November 30, 2023.

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Source: SEC EDGAR

accession 0001213900-23-092007

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