Business
LQR House Announces Stock Repurchase Program and Upcoming Marketing Plans to Reinforce Investor Confidence and Integrity
MIAMI BEACH, FL / ACCESSWIRE / August 25, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a visionary marketing company focused on becoming
About this update from Lqr House Inc.
[{"type":"text","content":"MIAMI BEACH, FL / ACCESSWIRE / August 25, 2023 / LQR House Inc. (the \"Company\" or \"LQR House\") (NASDAQ:LQR), a visionary marketing company focused on becoming a prominent force in the alcoholic beverage sector, is pleased to announce two significant initiatives aimed at enhancing shareholder value and market presence. The company's board of directors has authorized a share repurchase program, along with an innovative marketing partnership with Gold Standard Media.Under the newly authorized share repurchase program, LQR House is set to acquire up to $2,000,000 of its common stock. This strategic move showcases the company's commitment to optimizing shareholder value while capitalizing on favorable market conditions. The common stock will be acquired through open market purchases, privately negotiated transactions, or other methods, all in full compliance with the guidelines set forth by the United States Securities and Exchange Commission and other applicable legal regulations. On August 4th, the Company reported 10,155,434 million shares of common stock outstanding prior to its initial public offering in its S1 filing.LQR House's CEO, Sean Dollinger, commented, \"The current capital market conditions allow us to capture additional value for all shareholders through this measured buyback program. Our Board of Directors and executive management team remain committed to delivering value to our shareholders.\"The execution of the repurchase program, including the timing, volume of shares repurchased, and purchase prices, will be determined based on factors such as available liquidity, cash flows, market conditions, and corporate and regulatory limitations, including potential blackout periods. Importantly, the repurchase program is not a binding commitment to acquire any specific quantity of shares and may be paused or discontinued at the Company's discretion.Furthermore, LQR House is thrilled to announce its partnership with Gold Standard Media, a leading marketing solutions provider. This collaboration will amplify LQR House's market presence by leveraging Gold Standard Media's proven expertise in Affiliate Marketing, Social Media Campaigns, Mobile Advertising, and other innovative techniques. Gold Standard Media's track record in connecting public companies with ideal investors aligns seamlessly with LQR House's growth object...