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

Extracted from this filing and checked against the source text.

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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