LQR House prices 7.25M shares at 90c in registered direct offering

LQR House (YHC) 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 $6.52M, before deducting placement agent commissions and other offering expenses. The closing of the offering is expected to occur on or about December 19, 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.