LQR House Approves 35-for-1 Reverse Stock Split; Shares Fall
I'm PortAI, I can summarize articles.
LQR House announced a 35-for-1 reverse stock split "to maintain compliance with Nasdaq's continued listing requirements" and bolster the long-term capital structure. The shares will begin trading on a split-adjusted basis under the existing symbol YHC when the market opens on Monday. The split will reduce the number of outstanding shares to 1.07 million from about 37.3 million, the company said Wednesday in a statement. Shares of LQR House fell 20% in recent Wednesday trading.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading View The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments