LQR House Issues 7,249,972 Shares at $0.90, Raising Approximately $6.52M
LQR House entered into securities purchase agreements with new and existing investors and certain directors and officers of the Company, for the purchase and sale of 7,249,972 shares of common stock at a purchase price of $0.90 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $6.52M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about December 19, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds for the repayment of certain amounts owed in connection with existing settlement obligations, related litigation fees and expenses, with any remaining balance of the next proceeds for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
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LQR House Stock (YHC) Soars 65% on TikTok Collaboration
Stock Surge Due to Partnership: LQR House (YHC) stock rose 65.83% after announcing a partnership with TikTok to develop and monetize creator-led content through its subsidiary, YHC Online.
Market Performance Overview: Despite the surge, YHC shares have fallen 97.46% year-to-date, with heavy trading activity noted as 48 million shares exchanged hands compared to an average of 5.29 million.
Dow Falls Over 200 Points; 3M Earnings Top Views
U.S. Stock Market Performance: U.S. stocks fell, with the Dow Jones dropping over 200 points and sectors like communication services declining, while utilities saw a rise of 1.9%.
Company Highlights: 3M reported strong second-quarter results and raised its full-year guidance, while Telomir Pharmaceuticals and MEI Pharma experienced significant stock surges due to positive announcements, contrasting with sharp declines in LQR House Inc. and Northern Dynasty Minerals Ltd.
