LQR House, an alcoholic beverage marketing and brand development company, said its initial public offering of 1 million shares priced at $5 each.
The shares are expected to begin trading on the Nasdaq Capital Market on Thursday under symbol LQR.
The Miami Beach, Fla.-based company plans to use proceeds for acquisitions, investing in marketing of existing brands such as SWOL Tequila, compensating certain executives and general corporate purposes.
The company’s 2022 revenue was $601,131, up from $315,292 in 2021.
Write to Josh Beckerman at josh.beckerman@wsj.com
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