LQR House (NASDAQ: LQR), a company that intends to become the full-service digital marketing and brand-development face of the alcoholic beverage space, has closed on its initial public offering. The offering was comprised of 1 million shares of common stock, offered at $5 per share. According to the announcement, the underwriters exercised their overallotment option in full, resulting in an additional 150,000 shares of common stock at the time of the closing. Gross proceeds from the public offering, including overallotments, totaled approximately $5.75 million, before the deduction of any underwriting discounts or offering expenses. EF Hutton, a division of Benchmark Investments, acted as sole book-running manager for the offering.
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About LQR House Inc.
LQR House is a dynamic and forward-thinking e-commerce marketing company that intends to become the full-service digital marketing and brand-development face of the alcoholic beverage space. Currently, LQR House has a key partnership with Country Wine & Spirits Inc., granting the company full control over all marketing operations on CWSpirits.com, a large alcohol ecommerce platform. With a deep passion for the world of beverages, LQR House takes pride in curating marketing strategies aimed to elevate brands to new heights. Composed of a team of seasoned professionals, LQR House focuses on crafting marketing solutions tailored to each client’s unique needs. Through strategic partnerships, creative branding and digital prowess, LQR House intends to be at the forefront of the wine and spirits marketing landscape, making it the go-to choice for brands seeking to thrive in a competitive industry. For more information about the company, please visit www.LQRHouse.com.
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