- LQR House (YHC) announces a 35-for-1 reverse stock split, effective April 21, 2025.
- The initiative aims to maintain Nasdaq compliance by reducing outstanding shares from 37.3 million to approximately 1.07 million.
- Authorized shares will decrease from 350 million to 10 million, as part of a strategic move to strengthen the capital structure.
LQR House Inc. (NASDAQ: YHC), a niche ecommerce platform in the spirits and beverage industry, has announced a strategic 35-for-1 reverse stock split, set to take effect on April 21, 2025. This move is designed to maintain compliance with Nasdaq's listing standards and to fortify the company's capital structure. The reverse split will automatically convert every 35 shares of common stock into one share.
The total number of LQR House's outstanding shares will decrease from 37,336,947 to approximately 1,066,770. Concurrently, the number of authorized common shares will be reduced from 350 million to 10 million. Fractional shares resulting from the split will be rounded up to the nearest whole share at the participant level.
Post-split, LQR House's common stock will continue to trade under the symbol 'YHC', and will feature a new CUSIP number, 50215C307. This change will also extend to stock options and warrants issued by the company.
CEO Sean Dollinger stated, "This decision reflects our commitment to our stockholders and to the future of LQR House. The reverse split is a critical step toward securing our position on Nasdaq, enhancing investor confidence, and positioning the Company for sustainable growth in the public markets."
LQR House remains focused on expanding its ecommerce platform and brand portfolio, aiming to capitalize on the growing digital alcohol market. Despite the reverse split, the company continues its efforts to disrupt the traditional alcohol industry and enhance consumer experience through technology-driven solutions.
