LQR House Inc.

LQR House Inc. announced a significant leadership change with the resignation of its CEO, Sean Dollinger, effective October 16, 2026. Leo Chen has been appointed as the new CEO. In connection with his resignation, Dollinger will receive a $500,000 cash payment and the company will transfer its wholly owned subsidiary, LQR Acquisition Corp., to an entity designated by Dollinger. The company also agreed to change its legal name within 90 days.

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.

LQR House Inc. announced a 1-for-100 reverse stock split, which became effective on July 13, 2026. The corporate action aims to increase the per share market price of its common stock to regain compliance with Nasdaq's minimum $1.00 average closing price requirement. As a result, every 100 shares of common stock were automatically combined into one, with fractional shares rounded up.

LQR House Inc. announced it raised approximately $7.11 million through the sale of common stock under its Sales Agreement. On June 30, 2026, the company sold 57.1 million shares for $6.07 million, followed by another 19.25 million shares for $1.04 million on July 1, 2026. These sales significantly increased the total shares outstanding from 21.53 million to 97.88 million, representing a 354% increase.

LQR House Inc.'s subsidiary, YHC AI Limited, has entered into a two-year agreement with BytePlus Pte. Ltd., a ByteDance group company. This partnership will provide advanced AI computing power from the BytePlus ModelArk platform, including ByteDance's Seed 2.0 foundation model and Seedance video models. The technology is intended to significantly enhance the AI-driven research and automated portfolio optimization capabilities of LQR House's recently consolidated subsidiary, Fusion Five Continents Securities. This agreement marks the first major AI infrastructure investment for Fusion Five Continents Securities and is anticipated to broaden into a wider relationship with ByteDance, incorporating additional cloud computing and AI technologies.

LQR House Inc. announced that Yilin Lu resigned from his positions as President and a member of the Board of Directors, effective immediately on June 4, 2026. The company stated that Mr. Lu's resignation was not a result of any disagreement regarding the company's operations, policies, or practices. Following his departure, the size of the Board of Directors was reduced from six to five members.

LQR House Inc. announced the closing of an additional 30% equity interest in Fusion Five Continents Securities for $39 million, payable in Tether (USDT). This acquisition brings LQR House's total ownership to 54%, establishing it as the controlling shareholder. Fusion Five operates a regulated, AI-powered cross-border brokerage with USDT settlement infrastructure and a research focus on quantum technologies. The consolidation of Fusion Five's profitable results is expected to positively impact LQR House's financial performance.

LQR House Inc. announced it has entered into a Note Purchase Agreement with certain non-U.S. purchasers to issue unsecured promissory notes for an aggregate principal amount of up to $60,000,000. The notes carry an interest rate of 6.0% per annum and will mature on May 20, 2028. Funding for these advances can be provided in either United States Dollars or specified Qualified Digital Assets, offering flexibility in capital acquisition.

LQR House Inc. announced the immediate resignation of Kah Loong Randy Yeo from its Board of Directors on May 12, 2026. Mr. Yeo did not report any disagreements with the company. Following his departure, the Board's size was reduced from seven to six directors. Additionally, Hong Chun ("Alan") Yeung was appointed Chair of the Audit Committee, and Yuting ("Tina") Luo was appointed Chair of the Nominating and Corporate Governance Committee, effective May 18, 2026.

LQR House Inc. reported a net loss of $(914,969) for the three months ended March 31, 2026, a significant improvement from the $(2,389,650) net loss in the prior year, despite a decrease in total revenues to $222,683. The company also announced a proposed acquisition of Fusion Five Continents Securities Limited for $126,880,000, aiming to expand into the financial services sector. Subsequent to the quarter, LQR House received $21,773,000 from the termination of joint venture agreements, substantially strengthening its liquidity.