other_material
confidence high
sentiment neutral
materiality 0.55
LQR House enters ATM equity sales agreement with A.G.P. for up to $50.3M
LQR House Inc.
- Company entered Sales Agreement with A.G.P./Alliance Global Partners for at-the-market offering of common stock up to $50,273,610.
- Sales Agent will receive 3.0% commission on gross proceeds; company also reimburses certain expenses.
- Proceeds intended for capital expenditures, acquisitions, sales/marketing, working capital; no specific targets identified.
- Shares sold pursuant to existing Form S-3 registration statement (File No. 333-282118) effective September 20, 2024.
- Company not obligated to sell any shares; sales at company's discretion with commercially reasonable efforts by agent.
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