12/19/2025 | Press release | Distributed by Public on 12/19/2025 15:06
LQR House Announces $6.52 Million Registered Direct Offering
MIAMI BEACH, FLORIDA / ACCESS Newswire / December 18, 2025 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:YHC), a niche ecommerce platform specializing in the spirits and beverage industry, today announced that it has entered into securities purchase agreements with new and existing investors and certain directors and officers of the Company, for the purchase and sale of 7,249,972 shares of common stock at a purchase price of $0.90 per share, pursuant to a registered direct offering, resulting in gross proceeds of approximately $6.52 million, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about December 19, 2025, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds for the repayment of certain amounts owed in connection with existing settlement obligations, related litigation fees and expenses, with any remaining balance of the next proceeds for working capital and general corporate purposes.
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-282118) which became effective on September 20, 2024. The offering is made only by means of a prospectus which is part of the effective registration statement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the Securities and Exchange Commission (the "SEC") and will be available on the SEC's website located at http://www.sec.gov. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at [email protected].