Recent Updates — YHC
Jaclyn Hoffman resigned as Chief Marketing Officer and from all other roles at LQR House Inc., effective October 20, 2026. The company stated the departure was not due to disagreements regarding operations or policies. LQR House Inc. operates in the real estate technology sector.
Sean Dollinger resigned as Chief Executive Officer of LQR House Inc. effective October 16, 2026, receiving a $500,000 cash payment and transferring his subsidiary's stock to an entity controlled by outgoing CFO Kumar Abhishek. The Board appointed Leo Chen as the new CEO and Kit Yan Lau as CFO to execute a strategic pivot toward cross-border securities trading via Fusion Five Continents Securities. LQR House operates as a cross-border securities trading intermediary providing access to U.S. and Hong Kong equity markets.
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.
LQR House Inc. has filed a Certificate of Amendment to its Certificate of Incorporation to implement a 1-for-100 reverse stock split. The split is expected to become effective at 12:01 a.m. Eastern Time on July 13, 2026, to regain compliance with the Nasdaq Capital Market's minimum $1.00 average closing price requirement. LQR House Inc. is a niche ecommerce platform specializing in the spirits and beverage industry.