LQR House shares surge 10.02% intraday after announcing 7.2 million share direct offering.

LQR House Inc. surged 10.02% intraday following the announcement of a direct offering of 7.2 million shares at $0.90 per share, as disclosed in SEC filings. The offering, targeting institutional or accredited investors, likely signaled confidence in the company’s capital-raising strategy or operational plans, which may have reassured market participants. The price action suggests investors interpreted the move as a positive step, potentially aligning with expectations of growth or strategic deployment of funds. Both news events, while repetitive, directly reference the offering details, reinforcing the immediate market reaction. The intraday rally reflects short-term optimism despite the dilutive nature of the offering, though longer-term outcomes will depend on the use of proceeds.