other material
confidence high
sentiment neutral
materiality 0.50
LQR House announces 1-for-35 reverse stock split effective April 21, 2025 to regain Nasdaq compliance
LQR House Inc.
- Reverse split reduces outstanding shares from ~37.3M to ~1.07M; authorized shares cut from 350M to 10M.
- No fractional shares issued; fractional entitlements rounded up to next whole share at participant level.
- Effective at 12:01 a.m. ET on April 21, 2025; ticker remains LQR on Nasdaq.
- Split applies to common stock, options, and warrants outstanding; new CUSIP: 50215C307.
- CEO says split is a critical step to secure Nasdaq listing and enhance investor confidence.