LQR House shares are trading higher. The company announced the pricing of a $11 million public offering of 157,142,857 shares at $0.07 per share.
Portfolio Pulse from Benzinga Newsdesk
LQR House has announced the pricing of a public offering, aiming to raise $11 million through the issuance of 157,142,857 shares at $0.07 each. This move has led to an increase in the trading price of LQR House shares.
November 10, 2023 | 5:33 pm
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LQR House's stock price has risen following the announcement of its $11 million public offering at $0.07 per share.
The announcement of a new public offering at a set price often leads to increased trading activity and can cause a short-term increase in stock price due to heightened investor interest and the perception of company growth. However, the dilutive effect of the new shares could potentially lead to a decrease in share price in the longer term.
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