2023-11-28 07:40:35 ET
- LQR House ( NASDAQ: LQR ) has announced 1-for-60 reverse stock split of its common stock to address Nasdaq non-compliance of the minimum bid price requirement of $1.00 per share.
- The reverse stock split will consolidate every sixty issued and outstanding shares of common stock into one share of common stock, effective date of 12:01 a.m., Eastern Time, on November 30, 2023.
- All outstanding stock options, share purchase warrants, and other convertible securities of the Company, convertible into pre-reverse stock split common shares, will be adjusted at the same reverse stock split ratio
- LQR -1.9% premarket to $0.0297
- Source: Press Release
For further details see:
LQR House announces reverse stock split to regain compliance with minimum bid price requirements