Business
Two of LQR House Stockholders, Including Its CEO, Enter Lock-up Agreement Covering at Least 209,543 Shares
MIAMI BEACH, FL / ACCESS Newswire / March 28, 2025 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC), a niche e-commerce platform specializing in the spirits and beverage industry, today announced that two of its stockholders, including ...
About this update from Lqr House Inc.
[{"type":"text","content":"MIAMI BEACH, FL / ACCESS Newswire / March 28, 2025 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC), a niche e-commerce platform specializing in the spirits and beverage industry, today announced that two of its stockholders, including its Chief Executive Officer, signed 12-month lock-up agreements, covering 209,543 shares of the Company's common stock that they now own and any future shares of common stock they may acquire during 12 months lock-up period. Currently this represents approximately 0.6% of LQR House's outstanding shares. Both agreements restrict the sale of shares and other securities that can be acquired by these stockholders for 12 months, i.e. until January and March 2026 respectively.","length":751,"tagName":"p"},{"type":"text","content":"These strategic lock-up agreements are intended to foster a more stable and orderly trading environment for LQR House's stock.","length":130,"tagName":"p"},{"type":"text","content":""From day one, LQR House has never had an easy road. As a microcap stock on Nasdaq, we've faced significant headwinds and market challenges," said Sean Dollinger, CEO of LQR House. "But we've never backed down. Our team remains relentless-constantly adapting, innovating, and finding new ways to beat the odds and push forward. We believe that these lock-up agreements reflect a shared belief in what we're building and help create the kind of market stability that can benefit every LQR stockholder."","length":533,"tagName":"p"},{"type":"text","content":"LQR House continues to expand through its flagship platform, CWSpirits.com, a top-ranking online alcohol marketplace, while building a robust portfolio of in-house and partner brands, including the fast-growing SWOL Tequila. The Company believes that its data-driven marketing strategies, proprietary technology, and commitment to innovation position it at the forefront of alcohol e-commerce.","length":393,"tagName":"p"},{"type":"text","content":"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 &...