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LQR House Inc. Announces Closing of $5,750,000 Initial Public Offering, Including Exercise of Full Over-Allotment Option
MIAMI BEACH, FL / ACCESSWIRE / August 11, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a company that intends to become the full-service
About this update from Lqr House Inc.
[{"type":"text","content":"MIAMI BEACH, FL / ACCESSWIRE / August 11, 2023 / LQR House Inc. (the \"Company\" or \"LQR House\") (NASDAQ:LQR), a company that intends to become the full-service digital marketing and brand development face of the alcoholic beverage space, today announced the closing of its initial public offering (the \"Offering\") of 1,000,000 shares of common stock (\"Common Stock\") at a public offering price of $5.00 per share. The underwriters exercised their over-allotment option in full for an additional 150,000 shares of common stock at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are approximately $5.75 million, prior to deducting underwriting discounts and other Offering expenses. The Common Stock began trading on August 10, 2023 on The Nasdaq Capital Market under the ticker symbol \"LQR\".EF Hutton, division of Benchmark Investments, LLC (\"EF Hutton\"), acted as sole book-running manager for the Offering. Nauth LPC acted as counsel to the Company, and Carmel, Milazzo & Feil LLP acted as counsel to EF Hutton in connection with the Offering.A registration statement on Form S-1 relating to the Offering, as amended, was filed with the Securities and Exchange Commission (the \"SEC\") (File Number: 333-272660) and was declared effective by the SEC on August 9, 2023. The Offering was made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from EF Hutton, Attn: Syndicate Department, 590 Madison Avenue, 39th Floor, New York, NY 10022, or via email at [email protected] or telephone at (212) 404-7002. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC's website at www.sec.gov.Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or ...