LQR House Inc. (NASDAQ:YHC) announced a registered direct offering of 7,249,972 shares of common stock at $0.90 per share, totaling approximately $6.52 million.
The offering is expected to close around December 19, 2025, pending customary closing conditions.
Proceeds will be utilized for existing settlement obligations, litigation fees, and working capital.
Offering Details
7,249,972 shares of common stock at $0.90 per share, grossing $6.52 million.
Use of Proceeds
Repayment of settlement obligations, litigation fees, and working capital.
Placement Agent
A.G.P./Alliance Global Partners is the sole placement agent for the offering.
- LQR House aims to strengthen its financial position through the offering, addressing existing obligations and enhancing working capital for future growth.
- The successful closure of the offering will mark a significant milestone for LQR House in its journey towards becoming a prominent player in the wine and spirits e-commerce sector.
The registered direct offering underscores LQR House's strategic approach to funding its operations and growth, positioning the company for enhanced market presence and expansion in the alcohol industry.