LQR House shares are trading lower after the company announced the pricing of a $5.4 million public offering of 28,421,053 shares of common stock at a price of $0.19 per share.
Portfolio Pulse from Benzinga Newsdesk
LQR House has announced the pricing of a $5.4 million public offering of 28,421,053 shares of common stock at a price of $0.19 per share. This has led to a decrease in the trading price of its shares.
October 13, 2023 | 2:18 pm
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LQR House's stock price is trading lower following the announcement of a $5.4 million public offering of its common stock at $0.19 per share.
The announcement of a public offering usually leads to a decrease in the stock price as it dilutes the value of existing shares. In this case, LQR House's shares are trading lower after the company announced the pricing of a $5.4 million public offering.
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