LQR House Announces Pricing Of A $11M Public Offering Of 157,142,857 Shares At $0.07/Share
Portfolio Pulse from Benzinga Newsdesk
LQR House has announced the pricing of a public offering of 157,142,857 shares at $0.07 per share, aiming to raise $11 million.
November 10, 2023 | 1:20 pm
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LQR House's public offering of 157,142,857 shares at $0.07 per share could potentially dilute existing shareholders' equity.
Public offerings often lead to dilution of existing shareholders' equity, which can negatively impact the stock price. Given the size of the offering, this is likely to be the case for LQR House.
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