LQR House Inc to Execute 1-for-100 Reverse Stock Split
YHC•LQR House Inc board has approved a 1-for-100 reverse stock split, converting each 100 pre-split shares into one post-split share. The move will reduce the company’s outstanding share count by 99% and is intended to elevate its per-share trading price.
1. Reverse Stock Split Details
The board of directors has approved a 1-for-100 reverse stock split, consolidating every 100 pre-split shares into one post-split share. This consolidation will reduce the total share count by 99%, significantly altering the company’s capital structure.
2. Strategic Rationale and Implications
By boosting the per-share price, the company aims to meet minimum price thresholds for listings and attract a broader investor base. Although market capitalization remains unchanged, the split can influence trading liquidity and investor perception without affecting ownership percentages.
