LQR House shareholders will receive one share for every 100 held, aiming to boost the stock price above exchange minimums.
LQR House (YHC) announced a 1-for-100 reverse stock split, reducing its outstanding shares to increase the per-share price. The move follows a nearly 30% drop in pre-market trading on Thursday, reflecting investor concerns over dilution and financial health.
The company stated the split aims to maintain compliance with exchange listing requirements. Prior to the announcement, YHC had traded below $1 for an extended period, risking delisting. No prior guidance or consensus estimates were provided for the split.
Shares fell sharply in early trading, signaling negative market sentiment toward the restructuring effort.