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LQR House Inc., a beverage company based in Nevada currently valued at $4.31 million in market capitalization, has taken steps to address compliance issues with the Nasdaq’s continued listing standards. Today, the company disclosed that it had previously fallen short of the Nasdaq Capital Market’s minimum stockholders’ equity requirement of $2.5 million, as reported in its Annual Report for the year ending December 31, 2024. According to InvestingPro data, the company maintains a weak financial health score of 0.92.
LQR House Inc. has since improved its financial position, despite its stock trading near its 52-week low of $0.18 and showing an 85.92% decline year-to-date. In January 2025, the company received approximately $4.05 million from the exercise of outstanding warrants. Additionally, in March 2025, it secured net proceeds of around $5.01 million through the sale of common stock via its "ATM" program.
As of April 2, 2025, the company believes it has regained compliance with the Nasdaq’s minimum equity requirement. This belief is based on the combined net proceeds of approximately $9.06 million from January to March 2025, along with anticipated net losses through April 30, 2025. InvestingPro analysis suggests the company is currently undervalued, with analysts forecasting 68% revenue growth for the current fiscal year. Discover 14 additional exclusive insights about LQR House by subscribing to InvestingPro.
Nasdaq will continue to monitor LQR House Inc.’s compliance with the minimum equity requirement. The company could face delisting if it fails to demonstrate compliance in its next periodic report, with its current ratio of 0.78 indicating potential liquidity challenges. This announcement was made in accordance with the regulations of the Securities and Exchange Commission, and the information is based on a press release statement.
In other recent news, LQR House Inc. has announced a new purchase order for SWOL Tequila from Of The Earth Distribution Corp. in Ontario. This order includes 168 cases, following a strong initial sale where over half of the inventory was sold. The Liquor Control Board of Ontario has approved SWOL Tequila, allowing distribution in select restaurants and bars. LQR House is capitalizing on this opportunity by exporting directly from Mexico to Canada amid U.S. trade uncertainties affecting alcohol sales. The company’s strategy aligns with a growing demand for premium tequila brands in Canada, potentially restricted by new trade barriers. Both Jason Pucci, CEO of OTE, and Sean Dollinger, CEO of LQR House, have expressed satisfaction with the market’s reception and the product’s unique appeal. This development is part of LQR House’s broader strategy to expand the reach of high-quality, artisanal tequila in the Canadian market.
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