LQR House Initiates 35-for-1 Reverse Stock Split for Nasdaq Compliance

LQR House Inc., an e-commerce business in the spirits sector, has announced a 35-for-1 reverse stock split approved by its Board and CEO. This action aims to maintain compliance with Nasdaq listing requirements. The split will take effect on April 21, 2025, with the company's stock trading under the symbol "YHC". The common stock will be reclassified, reducing shares from 37 million to about 1 million.

The move also cuts authorized shares from 350 million to 10 million. No fractional shares will be issued; instead, they will be rounded up. CEO Sean Dollinger stated that the reverse split reflects a commitment to shareholder interests and the company's positioning for growth.

LQR House emphasizes the strengthening of its long-term capital structure. It remains dedicated to expanding its e-commerce platform and its presence in the digital alcohol marketplace.