SplitJul 15, 2026, 04:42 PM
LQR House Announces 1-for-100 Reverse Stock Split
AI Summary
LQR House Inc. announced a 1-for-100 reverse stock split, which became effective on July 13, 2026. The corporate action aims to increase the per share market price of its common stock to regain compliance with Nasdaq's minimum $1.00 average closing price requirement. As a result, every 100 shares of common stock were automatically combined into one, with fractional shares rounded up.
Key Highlights
- LQR House Inc. implemented a 1-for-100 reverse stock split.
- The reverse stock split became effective at 12:01 a.m. ET on July 13, 2026.
- Primary goal is to increase per share market price to regain Nasdaq compliance.
- Every 100 shares of common stock were combined into one share.
- Fractional shares resulting from the split were rounded up to the next whole share.
- Shares outstanding before the split were 130,383,799 as of July 8, 2026.
- Expected shares outstanding after the split are approximately 1,303,838.
Price Impact
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