UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
On November 22, 2023, LQR House, Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) therein stating that as of November 21 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iii) and therefore, the staff at Nasdaq has determined to delist the Company’s common stock from The Nasdaq Capital Market. However, the Company has requested a hearing before the Nasdaq Hearings Panel (the “Panel”) and as a result, the delisting of the Company’s common stock will be stayed pending the issuance of a decision by the Panel.
There are no assurances that a favorable decision will be obtained from the Panel.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| LQR HOUSE INC. | ||
| Dated: November 27, 2023 | By: | /s/ Sean Dollinger |
| Name: | Sean Dollinger | |
| Title: | Chief Executive Officer | |
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