LQR House provides an update on the progression of its Share Buyback Program and shares Fintel’s updated price target for LQR. LQR House has executed another tranche of its Share Buyback Program, reinforcing its commitment to shareholder value. During the week ending, December 15, 2023, the Company strategically repurchased 499,940 shares of its common stock at an average cost of $2.26859 per share, following Rule 10b-18 guidelines. This move was the Company’s response to shareholder concerns, demonstrating the management’s attentiveness and dedication to enhancing value by reducing the available free float.
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