AcquisitionsAug 10, 2026, 05:03 PM
LQR House acquires 54% controlling stake in Fusion Five
AI Summary
LQR House Inc. completed the acquisition of a 54% controlling interest in Fusion Five Continents Securities Limited, a New Zealand financial services company. The acquisition occurred in two closings, with LQR House acquiring 24% for $28.08 million on April 24, 2026, and an additional 30% for $39.0 million on June 1, 2026, bringing its total ownership to 54%. The company financed $40.0 million of the acquisition through unsecured notes. Fusion Five, which operates an AI-powered cross-border securities trading platform, reported a net loss of $74,562 and revenue of $20,561 for the year ended March 31, 2026, and has a going concern issue.
Key Highlights
- LQR House acquired a 54% controlling interest in Fusion Five Continents Securities Limited.
- Initial 24% stake acquired on April 24, 2026, for $28.08 million.
- Additional 30% stake acquired on June 1, 2026, for $39.0 million.
- Total consideration for the 54% stake was $67.08 million.
- Remaining 46% can be acquired for $59.8 million, totaling up to $126.88 million.
- Financed $40.0 million of the acquisition via unsecured notes at 6.0% interest.
- Fusion Five reported $20,561 revenue and a $74,562 net loss for the year ended March 31, 2026.
- Fusion Five's financial statements indicate a material uncertainty related to going concern.
Price Impact
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