LQR House Inc. Announces Pricing Of $5.4M Public Offering Of 28,421,053 Shares Of Common Stock At A Price Of $0.19/Share
Portfolio Pulse from Happy Mohamed
LQR House Inc. (NASDAQ:LQR) has announced the pricing of a public offering of 28,421,053 shares of common stock at $0.19 per share, aiming to raise approximately $5.4 million. The offering is expected to close on October 16, 2023. EF Hutton, a division of Benchmark Investments, is the sole book running manager for the offering.
October 13, 2023 | 1:06 pm
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LQR House Inc.'s public offering of 28.4M shares could dilute existing shareholders' equity. However, the raised funds could be used for business expansion, potentially benefiting the company in the long run.
The public offering could lead to dilution of existing shareholders' equity, which might negatively impact the stock price in the short term. However, the funds raised from the offering could be used for business expansion or debt repayment, which could potentially benefit the company in the long run.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100