LQR House (YHC) announced a 35-for-1 reverse stock split "to maintain compliance with Nasdaq's continued listing requirements" and bolster the long-term capital structure.
The shares will begin trading on a split-adjusted basis under the existing symbol YHC when the market opens on Monday.
The split will reduce the number of outstanding shares to 1.07 million from about 37.3 million, the company said Wednesday in a statement.
Shares of LQR House fell 20% in recent Wednesday trading.
Price: 0.15, Change: -0.04, Percent Change: -19.90
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