Mergers & Acquisitions ·
LQR House Inc. completed the acquisition of a controlling 54% stake in Fusion Five Continents Securities Limited…
YHCLQR House Inc.
LQR House Inc. completed the acquisition of a controlling 54% stake in Fusion Five Continents Securities Limited through two closings: an initial 24% purchase on April 24, 2026 for $28.08 million and a second 30% purchase on June 1, 2026 for $39.0 million, both payable in USDT. The aggregate contractual consideration is up to $126.88 million, with remaining shares subject to future closings. LQR obtained control on June 1, 2026, and accounted for the transaction as a business combination achieved in stages under ASC 805. To finance the second closing, LQR drew $40.0 million from a Note Purchase Agreement bearing 6.0% interest maturing May 20, 2028. The Target operates an AI-powered cross-border securities trading platform providing access to Hong Kong and U.S. equity markets with USDT-based funding capabilities.