LQR House Inc. Announces Pricing of $11 Million Public Offering

MIAMI BEACH, FL / ACCESSWIRE / November 10, 2023 / LQR House Inc. (the "Company" or "LQR House") (NASDAQ:LQR), today announced the pricing of a public offering of 157,142,857 shares of common stock, par value $ 0.0001 per share at a public offering price of $0.07 per share, for aggregate gross proceeds of $11,000,000, prior to deducting underwriting discounts and other offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 23,571,429 shares of common stock at the public offering price per share, less the underwriting discounts to cover over-allotments, if any. The offering is expected to close on November 13, 2023, subject to satisfaction of customary closing conditions.

EF Hutton, division of Benchmark Investments, LLC ("EF Hutton") is acting as the sole book running manager for the offering. Sichenzia Ross Ference Carmel LLP is acting as legal counsel to the Company, Lucosky Brookman LLP is acting as legal counsel to EF Hutton.

The offering is being conducted pursuant to the Company's registration statement on Form S-1, as amended (File No. 333-275363), previously filed with the Securities and Exchange Commission ("SEC") that was declared effective by the SEC on November 9, 2023. A final prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus relating to this offering, when available, may be obtained from EF Hutton, division of Benchmark Investments, LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at [e-mail] or telephone at [phone].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About LQR House Inc.

LQR House is a dynamic and forward-thinking e-commerce marketing company that intends to become the full-service digital marketing and brand development face of the alcoholic beverage space. Currently, LQR House has a key partnership with Country Wine & Spirits Inc. ("CWS") for the sale and distribution by CWS of all alcoholic beverages purchased on LQR House's ecommerce platform, CWSpirits.com. With a deep passion for the world of beverages, LQR House takes pride in curating marketing strategies aimed to elevate brands to new heights. Composed of a team of seasoned professionals, LQR House focuses on crafting marketing solutions tailored to each client's unique needs. Through strategic partnerships, creative branding, and digital prowess, LQR House intends to be at the forefront of the wine and spirits marketing landscape, making it the go-to choice for brands seeking to thrive in a competitive industry.