Business
LQR House Announces Declaration of a 50% Stock Dividend
MIAMI BEACH, FL / ACCESSWIRE / February 1, 2024 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche ecommerce platform specializing in the
About this update from Lqr House Inc.
[{"type":"text","content":"MIAMI BEACH, FL / ACCESSWIRE / February 1, 2024 / LQR House Inc. (the \"Company\" or \"LQR House\") (NASDAQ:LQR), a niche ecommerce platform specializing in the spirits and beverage industry, announces the declaration by its Board of Directors of a 50% stock dividend (i.e., issuance of one additional share for each two shares held by a shareholder on the record date) for distribution to all of the Company's shareholders of record at the close of business on February 12, 2024. The Company's Board of Directors declared the dividend at a follow-up meeting board meeting to discuss a previously proposed cash dividend of up to $1 per share and reflects the Board's commitment to shareholder value and its belief in the Company's prospects.Sean Dollinger, CEO of LQR House, stated, \"We believe that the Board's unanimous decision to declare this stock dividend demonstrates our commitment to rewarding shareholders. Despite the deferral of the earlier proposed dividend, our dedication to giving back to our supporters remains unwavering. The Board reconvened on January 30th with the shared goal of showing appreciation to those who have stood by us. Importantly, this stock dividend will have no dilutive impact on LQR House's current shareholders.\" Dollinger further affirmed the Company's principle of honoring commitments, stating, \"At LQR House, we intend to uphold our promises and consistently deliver on our commitments. We believe that this stock dividend is a testament to our gratitude for the ongoing support from our shareholders.\"LQR House shareholders are not required to take any action with respect to the distribution of the stock dividend.The LQR House team remains focused on creating value and looks forward to a prosperous future in the spirits and beverage industry.About LQR House Inc.LQR House intends to become a prominent force in the wine and spirits e-commerce sector, epitomized by its flagship alcohol marketplace, cwspirits.com. This platform seamlessly delivers a diverse range of emerging, premium, and luxury spirits, wines, and champagnes from esteemed retail partners like Country Wine & Spirits. Functioning as a technology-driven hub, LQR House utilizes software, data analytics, and artificial intelligence to elevate the consumer experience. CWSpirits.com stands out as the go-to destination for modern, convenience-oriente...