LQR House affirms commitment to buy back up to 20% of free float

LQR House reiterates its commitment to repurchase up to 20% of the company’s free-float based on the closing share price September 1, in line with the announcement made on August 26. “On August 28th, 2023, the company initiated an agreement with Dominari Securities LLC to execute the share buyback program. The program is anticipated to begin around September 8th,” the company stated in a press release, adding that the company anticipates funding these purchases utilizing its existing cash reserves and that “the share buyback program does not impose a mandatory obligation on the company to procure a specific quantity of common stock, and the program retains the flexibility to be halted or terminated at any point.”