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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 19, 2026
House of Doge Inc.
(Exact name of registrant as specified in its charter)
| Delaware |
|
001-42525 |
|
87-4032622 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(IRS Employer
Identification No.) |
261 NE 61st Street, Miami, Florida 33137
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (214) 216-8608
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b)
of the Act:
| Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
| Common Stock, $0.0001 par value |
|
HODO |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the
Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 1.01. Entry into a Material Definitive Agreement.
As used
in this Current Report on Form 8-K, the “Company” refers to House of Doge Inc., a Delaware corporation and the registrant,
whose common stock is listed on The Nasdaq Stock Market LLC under the symbol “HODO.” “HOD US” refers to
House of Doge (U.S.) Inc., a Texas corporation and a wholly-owned subsidiary of the Company. HOD US was formerly named “House of
Doge Inc.”; references to that former name in the agreements described below relate to HOD US, and not to the Company.
Binding Letter of Intent with McQueen Labs
Inc.
On October 23, 2026, the Company entered into
a binding letter of intent (the “LOI”) with McQueen Labs Inc., a Delaware corporation (“McQueen Labs”).
Under the LOI, the Company (or a designated wholly owned subsidiary) would acquire the assets used primarily in McQueen Labs’ MCQ
Markets technical and token platform (the “Token Platform”) and its McQueen microlending business (the “Lending
Business”), including all outstanding equity of McQueen Microlending Inc. (an Ontario company) and McQueen Labs’ investment
in Triestina Holdings LLC, and would assume only specified liabilities (the “McQueen Transaction”).
The purchase price for the Token Platform is $15,000,000,
payable in shares of common stock equal to 19.99% of the Company’s outstanding common stock, shares of a new series of non-voting
convertible preferred stock representing 30.0% of such outstanding common stock, and a promissory note for the balance, $5,000,000 of
which is contingent on McQueen Labs achieving specified milestones by April 30, 2027. The purchase price for the Lending Business is based
on a multiple of its annual interest rate spread, payable by promissory note, with a portion contingent on post-closing portfolio performance.
The seller notes will bear interest at 3.0% per year, mature on the second anniversary of closing and be secured by the purchased assets.
Concurrently with signing the LOI, the Company
agreed to issue to McQueen Labs shares of common stock (the “Deposit Shares”), the value of which will be credited
against the purchase price at closing, and which must be returned if the LOI terminates other than for the Company’s material breach.
Until stockholder approval is obtained under Nasdaq Listing Rule 5635, common stock issued in the McQueen Transaction (including the Deposit
Shares) may not exceed 19.99% of the Company’s outstanding common stock. The Company has agreed to seek such stockholder approval
following closing, to grant McQueen Labs customary registration rights, and to permit McQueen Labs to designate one director, subject
to Board approval.
Closing is subject to customary conditions, including
satisfactory due diligence and execution of a definitive agreement, and the LOI terminates automatically if a definitive agreement is
not executed by December 15, 2026. There can be no assurance that a definitive agreement will be executed or that the McQueen Transaction
will close on the anticipated terms or at all.
Certain of the Company’s directors have
financial interests in McQueen Labs and its affiliates, including equity and debt interests, that may be different from, or in addition
to, the interests of the Company’s stockholders generally. These interests were disclosed to the Board of Directors of the Company
(the “Board”).
The foregoing descriptions of the New License,
the Asset Transfer Agreement and the LOI do not purport to be complete and are qualified in their entirety by reference to the full text
of such agreements, copies of which are filed as Exhibits 10.1, 10.2 and 10.4, respectively, to this Current Report on Form 8-K and incorporated
herein by reference.
Non-Exclusive Trademark License Agreement.
HOD US entered into a Non-Exclusive Trademark
License Agreement (the “New License”) with Dogecoin Foundation, Inc. (the “Foundation”) and MadeUpNumbers
Ltd. (together with the Foundation, the “Licensor”). Under the New License, the Licensor granted HOD US and its affiliates
a limited, non-exclusive, non-transferable, worldwide license to use the DOGECOIN and DOGE marks solely in connection with (i) the 21Shares
Dogecoin ETF (TDOG), the 21Shares Dogecoin ETP (DOGE) and the 21Shares 2x Long Dogecoin ETF (TXXD), each as existing on October 19, 2026
(the “Existing 21Shares Products”), and (ii) any regulated or tokenized investment product or service that the Foundation
approves in writing through a product addendum signed by all parties (together with the Existing 21Shares Products, the “Licensed
Products”). Approval of any new product is in the Licensor’s sole discretion, and HOD US may not sublicense or assign
its rights without the Foundation’s written consent. The New License grants no exclusivity or official-partner status and does
not permit use of the marks in the Company’s corporate name or for general merchandise, payment products or unrelated financial
products. Other than with respect to the Existing 21Shares Products, HOD US will pay the Foundation a percentage of net revenue from
each Licensed Product, to be negotiated on a product-by-product basis and reported and paid quarterly, with no minimum royalty, minimum
guarantee or upfront fee. HOD US will indemnify the Licensor against third-party claims arising from the Licensed Products, regulatory
violations, product marketing or HOD US’s breach. The initial term is three years, ending October 19, 2029, with no automatic renewal.
Either party may terminate for an uncured material breach (30 days, or ten business days for an undisputed payment failure), the Foundation
may suspend use of the marks for a particular product in specified circumstances, and rights for an individual Licensed Product end if
that product is permanently discontinued or the relevant HOD US–21Shares relationship permanently ends, in each case subject to
an orderly wind-down. A failure to pay the Termination Payment (as defined in Item 1.02) that continues for ten business days after notice
constitutes a material breach permitting the Foundation to terminate the New License. The New License is governed by Texas law.
Asset Transfer Agreement.
HOD US entered into an Asset Transfer Agreement
(the “Asset Transfer Agreement”) with ABJ Labs Inc., a Delaware corporation doing business as Dogecoin Labs (“Dogecoin
Labs”). Pursuant to the Asset Transfer Agreement, HOD US agreed to transfer to Dogecoin Labs specified assets relating to the
Such App mobile application, including related software, source code, repositories, domains, cloud infrastructure accounts, app-store
listings and data (the “Transferred Assets”), in exchange for a fixed number of shares of Dogecoin Labs common stock
having an agreed value of $4,000,000, based on a fully diluted pre-money valuation of Dogecoin Labs of $120,000,000 (the “Equity
Consideration”). Dogecoin Labs will not assume any contracts or liabilities of HOD US or its affiliates. The Equity Consideration
will be subject to transfer restrictions, a right of first refusal, drag-along and market stand-off provisions under Dogecoin Labs’
bylaws and a stockholder agreement to be entered into at closing. For three years after closing, Dogecoin Labs will provide HOD US most-favored
pricing for tokenization services offered on or through DogeOS.
HOD US’s representations include title,
sufficiency, intellectual property, compliance and solvency matters. HOD US will indemnify Dogecoin Labs only for losses arising from
breaches of specified representations (title, sufficiency and ownership, intellectual property and compliance) and for liabilities retained
by HOD US, for claims asserted within 18 months after closing and subject to an aggregate cap equal to the $4,000,000 agreed value of
the Equity Consideration (other than for fraud); the Transferred Assets are otherwise transferred “as is.” No transition services
are provided. For three years after closing, each party has agreed not to disparage the other, subject to customary exceptions, including
for disclosures required by law or stock-exchange rule. Public announcements regarding the transaction require the other party’s
prior approval, except as required by law. The Asset Transfer Agreement is governed by Texas law.
The transaction has not closed. Closing is subject
to customary conditions, including receipt of written consents and lien releases from each secured lender of HOD US whose security interest
affects the Transferred Assets, the transfer of key assets (including source-code repositories, AWS accounts, app-store applications and
the such.inc domain) to Dogecoin Labs’ control (or, for the Apple App Store and Google Play applications, initiation of the transfer
by HOD US and acceptance by the applicable platform), and the absence of an Insolvency Event. The secured lenders whose consent is required
are the holders of the Senior Secured Convertible Notes dated May 4, 2026, each in the principal amount of $833,333, issued to Space
Enterprises, Sky Ascent Financial Group Inc. and Nordwand Foundation, and Garrington Financial Corp., the holder of the Secured Short
Term Demand Note dated August 12, 2026 in the principal amount of $5,500,000. An “Insolvency Event” includes HOD US receiving
a demand, acceleration or enforcement notice under any of these notes. Subject to customary exceptions, either party may terminate the
Asset Transfer Agreement if closing has not occurred within 30 days after October 19, 2026, and Dogecoin Labs may terminate upon an Insolvency
Event. There can be no assurance that the transaction will close on the anticipated terms or at all.
Item 1.02. Termination of a Material Definitive
Agreement.
On October 19, 2026, the Company and HOD US entered
into a Termination of Amended and Restated Trademark License Agreement (the “Termination Agreement”) with the Licensor,
pursuant to which the parties mutually terminated the Amended and Restated Trademark License Agreement dated May 7, 2025, as amended by
Amendment No. 2 effective June 25, 2025 and as otherwise amended (the “Prior License”), effective October 19, 2026.
Upon termination, all licenses, exclusivity, sublicense rights, partnership designations, board representation rights and other rights
granted to HOD US under the Prior License terminated, and each of the Company and HOD US agreed to change its corporate name, and to cease
use of the licensed marks in its name and in the names of its controlled subsidiaries (including any reference to being the Foundation’s
“Official Corporate Arm” or “Official Commercial Partner”), prior to December 31, 2026. The Termination Agreement
does not require the return or cancellation of any shares issued under the Prior License. HOD US disclosed in the Termination Agreement
a sublicense of the marks under its Support Services Agreement with 21Shares US LLC and 21Shares AG dated April 4, 2025, and a related
encumbrance and third-party consent requirement under its Secured Short Term Demand Note issued to Garrington Financial Corp. The parties
exchanged mutual releases of claims relating to the Prior License, subject to the payment obligation described below.
As consideration, HOD US agreed to pay the Foundation $400,000 (the
“Termination Payment”) when sufficient funds are available to HOD US. At HOD US’s election, the Termination Payment
may be satisfied in cash, in shares of the Company’s common stock valued at the volume-weighted average price for the five consecutive
trading days ending on the trading day immediately preceding the payment date, or a combination thereof. Any such shares would be issued
in a transaction exempt from registration under the Securities Act of 1933, as amended. Accrued payment claims under the Prior License
remain outstanding and are not released until the Termination Payment is received in full. The Company has not determined when sufficient
funds will be available to make the Termination Payment, and a failure to pay could permit the Licensor to enforce such claims and to
terminate the New License.
The foregoing description of the Termination Agreement
does not purport to be complete and is qualified in its entirety by reference to the full text of the Termination Agreement, a copy of
which is filed as Exhibit 10.3 to this Current Report on Form 8-K and incorporated herein by reference.
Item 3.02. Unregistered Sales of Equity Securities.
The information set forth in Items 1.01 and 1.02
regarding the Deposit Shares, the common stock and preferred stock issuable in the McQueen Transaction and the shares issuable in satisfaction
of the Termination Payment is incorporated herein by reference. The Deposit Shares will be issued to McQueen Labs, an accredited investor,
in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities
Act”), and/or Rule 506(b) of Regulation D, and any other such shares will be issued in reliance on the same or another available
exemption.
Item 5.02. Departure of Directors or Certain
Officers; Election of Directors; Appointment of Certain Officers.
On October 22, 2026, Marco Margiotta resigned
as Chief Executive Officer and Charles Park resigned as Chief Financial Officer of the Company. Effective October 22, 2026, the Board
appointed Curtis (Curt) Hopkins, Chief Executive Officer of McQueen Labs, as Interim Chief Executive Officer and Interim Chief Financial
Officer of the Company.
Mr. Hopkins, age 58, has served as Chief Executive
Officer and a director of McQueen Labs since March 4, 2024. He has over 30 years of experience in technology senior management and has
been involved in seven technology, software and telecom companies, holding positions including Chief Executive Officer, Chairman, Executive
Vice President and Chief Financial Officer. From 2021 to 2024, Mr. Hopkins was the co-founder, Chief Executive Officer and Senior Advisor
of Zefiro Methane Corp., an environmental services and climate technology company, and a founding member of X Machina Capital Strategies,
a private energy investment fund. From 2018 to 2021, he was Chairman of the board of directors of Sirenum Limited, a business software
firm. He currently serves as a director of Consilium Ventures Limited, a management consultancy, and of Stewardship Services (UKET) Limited,
the trading arm of a charity registered in England and Wales. Mr. Hopkins holds an MSc from the Georgia Institute of Technology.
Mr. Hopkins was appointed in connection with the
LOI. He has no family relationship with any director or executive officer of the Company. As Chief Executive Officer and a director of
McQueen Labs, Mr. Hopkins has an indirect interest in the McQueen Transaction described in Item 1.01, including the Deposit Shares.
In connection with the Dogecoin Labs transaction,
Tim Stebbing resigned as a director of the Company, effective October 19, 2026, to join Dogecoin Labs. Mr. Stebbing was not an independent
director and did not serve on any committee of the Board. Mr. Stebbing’s resignation was not the result of any disagreement with
the Company on any matter relating to the Company’s operations, policies or practices.
Item 7.01. Regulation FD Disclosure.
On October 21, 2026, the Company issued a press
release announcing the transactions with Dogecoin Labs and the Foundation described in this Current Report on Form 8-K, and on October
23, 2026, the Company issued a press release announcing the McQueen Transaction and the leadership changes described in Item 5.02. Copies
of the press releases are furnished as Exhibits 99.1 and 99.2 hereto. The information in this Item 7.01, including Exhibits 99.1 and 99.2,
is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
into any filing under the Securities Act or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 8.01. Other Events.
Annual Meeting; Reverse Stock Split. The
Company expects to file a proxy statement in connection with its annual meeting of stockholders that will include a proposal to approve
a reverse split of its common stock. The Company is also evaluating financing alternatives and a corporate rebrand.
Forward-Looking Statements. This Current
Report on Form 8-K contains forward-looking statements, including statements regarding the satisfaction of closing conditions and the
completion of the transactions with Dogecoin Labs, the transfer of assets, the Company’s ability to make the Termination Payment,
performance under the New License, the development of licensed products, the Company’s corporate name change, the negotiation of
a definitive agreement for and completion of the McQueen Transaction, the achievement of milestones, receipt of stockholder approval,
the Company’s ability to raise additional capital, the proposed reverse stock split and the Company’s leadership transition.
These statements are subject to risks and uncertainties that could cause actual results to differ materially, including the Company’s
ability to obtain secured lender consents, the occurrence of an Insolvency Event, the availability of sufficient funds and financing,
dilution from equity issuances, and the Company’s financial condition. The Company undertakes no obligation to update any forward-looking
statement, except as required by law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
|
Description of Exhibit |
| 10.1 |
|
Non-Exclusive Trademark License Agreement, dated October 19, 2026, by and among Dogecoin Foundation, Inc., MadeUpNumbers Ltd. and House of Doge (U.S.) Inc. |
| 10.2 |
|
Asset Transfer Agreement, dated October 19, 2026, by and between House of Doge (U.S.) Inc. and ABJ Labs Inc. |
| 10.3 |
|
Termination of Amended and Restated Trademark License Agreement, dated October 19, 2026, by and among Dogecoin Foundation, Inc., MadeUpNumbers Ltd., House of Doge (U.S.) Inc. and House of Doge Inc. |
| 10.4 |
|
Binding Letter of Intent, dated October 23, 2026, by and between House of Doge Inc. and McQueen Labs Inc. |
| 99.1 |
|
Press Release, dated October 21, 2026 |
| 99.2 |
|
Press Release, dated October 23, 2026 |
| 104 |
|
Cover Page Interactive Data File (formatted as inline XBRL). |
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: October 23, 2026 |
HOUSE OF DOGE INC. |
| |
|
|
| |
By: |
/s/ Curtis Hopkins |
| |
Name: |
Curtis Hopkins |
| |
Title: |
Interim Chief Executive Officer and Interim Chief Financial Officer |
Exhibit 99.1
House of Doge Partners With Newly Formed Dogecoin Labs to Accelerate
Dogecoin Ecosystem Growth
House of Doge secures equity stake in Dogecoin Labs and a new long-term
license with the Dogecoin Foundation, while redeploying capital toward building a tokenization platform for alternative investments.
Dogecoin Labs will unite Dogecoin product and development teams
building applications, infrastructure and businesses in the Dogecoin ecosystem.
MIAMI, Oct. 21, 2026 (GLOBE NEWSWIRE) -- House of Doge Inc.
(NASDAQ: HODO) (the “Company”) today announced that it has entered into definitive agreements positioning House of Doge to
accelerate its growth strategy while supporting the next phase of real-world utility and commercial development for Dogecoin (DOGE). Under
the agreements, House of Doge will contribute select product, engineering and commercial operations and related assets to the newly formed
Dogecoin Labs in exchange for a strategic equity stake.
As part of the transaction, House of Doge and the Dogecoin Foundation
have replaced their prior exclusive commercial agreement with a new long-term license. Under the new license, House of Doge holds the
rights to continue its collaboration with 21Shares on the Dogecoin ETF (NASDAQ: TDOG), the 2x Long Dogecoin ETF (NASDAQ: TXXD) and the
Dogecoin ETP listed on the SIX Swiss Exchange, and to develop future tokenized alternative investment products. The Foundation has entered
into a new agreement with Dogecoin Labs as its official commercial partner, and House of Doge will share in that partnership’s success
through its strategic equity stake in Dogecoin Labs.
Dogecoin Labs will bring together product and engineering capabilities
contributed by House of Doge with MyDoge, the Dogecoin super app, and DogeOS, the EVM-compatible application layer for Dogecoin. DogeOS
is designed to add smart-contract capabilities and support faster, higher-capacity application activity using DOGE. By placing consumer
distribution, product development, and application-layer infrastructure in one organization, Dogecoin Labs intends to reduce duplicated
effort, shorten development cycles and produce shared technology that wallets, merchants, developers and other participants across the
Dogecoin ecosystem can use.
Dogecoin Labs will be led by Jordan Jefferson and Alex Lewis, founders
of DogeOS and MyDoge, along with Tim Stebbing, Dogecoin Foundation Director, supported by a team of leading Dogecoin developers and product
experts. Mr. Stebbing will transition from the House of Doge board of directors to Dogecoin Labs.
“This partnership strengthens House of Doge’s ability to
execute our core growth strategy: tokenizing alternative investment products and unlocking value from our strategic investments in sports,”
said Marco Margiotta, CEO of House of Doge. “For shareholders, it creates a more efficient operating model and frees up capital
to develop and scale investment products designed to generate revenue and drive long-term value. Through our strategic equity stake, House
of Doge shareholders benefit from what Dogecoin Labs builds, while we focus on our core growth initiatives.”
“Dogecoin already has the brand, the liquidity and one of the
largest communities in crypto,” said Jordan Jefferson, CEO of Dogecoin Labs. “Dogecoin Labs brings together MyDoge, Such App,
DogeOS and the teams building across consumer products, payments, commerce and application infrastructure. For the first time, those pieces
sit under one roof with one mandate: build an economy around DOGE that matches the scale of the asset and its community.”
This strategic partnership ensures House of Doge remains a core participant
in the Dogecoin ecosystem while significantly reducing the operating overhead and future capital requirements associated with maintaining
direct product and engineering operations. Management expects to redirect those resources toward long-term growth initiatives, including
the tokenization of alternative investment products and leveraging its strategic investments in sports. Looking ahead, House of Doge plans
to announce additional strategic partnerships and initiatives to support this growth strategy.
ABOUT HOUSE OF DOGE INC.
House of Doge Inc. (NASDAQ: HODO) is an alternative investment and
tokenization platform. The Company develops regulated and tokenized investment products and holds strategic interests across sports franchises.
ABOUT DOGECOIN LABS
Dogecoin Labs is an independent organization established in partnership
with the Dogecoin Foundation to drive the next phase of Dogecoin growth. Led by CEO Jordan Jefferson, Dogecoin Labs brings together MyDoge,
Such App, DogeOS and talented developers and product experts building wallets, payments, commerce, trading, DeFi, gaming, AI and social
applications for Dogecoin.
ABOUT DOGECOIN FOUNDATION
Founded in 2014, the Dogecoin Foundation is the not-for-profit steward
of Dogecoin, advancing the project through development and advocacy, defending the Dogecoin trademark and setting its long-term trailmap.
The Foundation also backs open-source development across the Dogecoin ecosystem.
MEDIA CONTACTS
House of Doge: press@houseofdoge.com
Dogecoin Labs: milena@dogeos.com
STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Information and statements contained in this news release that are
not historical facts are “forward-looking information” that involve risks and uncertainties relating, but not limited, to House
of Doge’s current expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking
words such as “anticipate,” “believe,” “expect,” “goal,” “plan,” “target,”
“intend,” “estimate,” “could,” “should,” “may” and “will,” or the negative
of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions
or statements about future events or performance.
Examples of forward-looking information in this news release include,
without limitation: satisfying applicable closing conditions and closing the transactions; completing the transactions with Dogecoin Labs;
transferring assets and related operations; performing under the new license agreement with the Dogecoin Foundation; developing products
under the license; collaborating with the Dogecoin Foundation and Dogecoin Labs on a project-by-project basis; achieving expected operating-overhead
reductions; developing DogeOS and other Dogecoin applications; executing House of Doge’s platform strategy, including its sports holdings;
developing regulated and tokenized investment products; reducing future capital requirements; announcing additional strategic partnerships
and initiatives; long-term Dogecoin adoption; and Dogecoin becoming a widely used global decentralized currency.
These forward-looking statements are based, in part, on assumptions
and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different
from those expressed or implied by forward-looking information. Readers should be aware that these statements are subject to known and
unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking
statements. Readers should not place undue reliance on forward-looking information.
By its nature, forward-looking information involves numerous assumptions,
inherent risks and uncertainties, both general and specific. These factors contribute to the possibility that predictions, forecasts,
projections and future events will not occur. House of Doge undertakes no obligation to update publicly or otherwise revise any forward-looking
information, except as required by law.
Exhibit 99.2
House
of Doge Accelerates Expansion Into Tokenized Yield Vaults With Acquisition from McQueen Labs, Targeting Multibillion-Dollar Tokenized
Asset Market
Acquisition
accelerates House of Doge’s expansion into tokenized alternative investments and on-chain yield, company investigating financing alternatives,
plans to seek stockholder approval for a reverse split of its common stock.
FOR
IMMEDIATE RELEASE
MIAMI, Oct. 23, 2026
(GLOBE NEWSWIRE) – House of Doge Inc. (NASDAQ: HODO) today announced an agreement to acquire the tokenization platform and
credit assets of McQueen Labs Inc., marking a major push into the $51 billion tokenized real-world asset market and accelerating plans
to introduce tokenized yield vaults that put real-world credit assets to work on blockchain rails.
The acquisition marks the beginning of a new chapter
for House of Doge, as the company sharpens its focus on tokenized alternative investments and on-chain yield. A forthcoming corporate
rebrand is also part of the company’s plans, with additional strategic announcements expected in the months ahead. As part of the announced
transaction, Mr. Curt Hopkins, CEO of McQueen Labs, will be appointed interim CEO and CFO of House of Doge, Inc. Following the closing,
it is anticipated that Mr. Hopkins’s CEO appointment will be made permanent, while a search will be conducted for a CFO.
Supporting this strategic expansion, House of
Doge is examining financing alternatives to pursue growth opportunities, accelerate its tokenization strategy, and support its broader
ambitions in digital finance. In addition, the company expects to file a proxy statement in the near future in connection with its annual
meeting of stockholders, which will include a proposal to approve the reverse split of its common stock.
A $51 Billion Market Opportunity
Tokenization is transforming how real-world assets
are owned, traded, and used in financial markets. According to Bernstein Research data reported by Cointelegraph in May 2026, the tokenized
real-world asset market reached approximately $51 billion, growing 42% year to date, with private credit accounting for roughly 44% of
the market.
House of Doge aims to capitalize on this momentum
by moving beyond tokenized ownership into tokenized yield vaults, designed to unlock new opportunities for generating yield from
real-world assets.
“This acquisition marks an important step
toward the future we’re building,” said Sarosh Mistry, Chairman of House of Doge. “McQueen Labs brings the technology and assets
to accelerate our vision for tokenized yield vaults and alternative investments. With a new corporate identity, a sharper strategic focus,
and more developments ahead, we’re laying the groundwork for the next phase of our growth.”
“Investors globally are seeking higher yields,
yet traditional markets often fail to adequately compensate them for liquidity, credit, and duration risk,” said Curt Hopkins, CEO
of McQueen Labs and newly appointed interim CEO and CFO of House of Doge Inc. “Tokenized private credit and blockchain-based lending
secured by these assets represent an enormous market opportunity. At McQueen Labs, we’ve built a leading tokenization platform focused
on high-demand alternative assets historically inaccessible to most investors. Joining forces with House of Doge will accelerate our growth,
expand distribution, and open the door to new asset classes.”
Tokenized Yield Vaults: Putting Real-World
Assets to Work
At the center of House of Doge’s expansion are
tokenized yield vaults, structured blockchain-based products designed to accept tokenized credit assets as collateral and create
new opportunities to access yield from income-producing alternative investments.
By combining real-world credit assets with blockchain-based
financial infrastructure, House of Doge aims to move beyond simply tokenizing ownership, creating products that enable tokenized assets
to be used within a broader on-chain financial ecosystem.
McQueen Labs, operator of MCQ Markets, developed
its tokenization platform to enable fractional ownership of high-value collector cars, private credit and future alternative asset classes.
House of Doge plans to leverage this infrastructure and the acquired credit assets to accelerate the development of its vault offerings
and expand into tokenized credit, sports investments and yield-oriented products.
The acquisition complements House of Doge’s existing
strategic interests in professional sports franchises and advances its focus on building a platform for tokenized alternative investments.
Transaction terms and the anticipated launch timeline
for the yield vaults have not yet been disclosed. Further details regarding the corporate rebrand, share consolidation, and additional
strategic initiatives will be announced separately.
Leadership Transition
House of Doge also announced that Marco Margiotta,
its Chief Executive Officer, and Charles Park, its Chief Financial Officer, have resigned from their positions, effective October 22,
2026. House of Doge thanks Mr. Margiotta and Mr. Parks for their contributions to the company.
Effective immediately, Curt Hopkins, Chief Executive
Officer of McQueen Labs, has been appointed to serve as Interim Chief Executive Officer and Interim Chief Financial Officer of House of
Doge.
About House of Doge
House of Doge Inc. (NASDAQ: HODO) is building
the next generation of alternative investing, combining blockchain innovation with real-world assets to unlock new opportunities for investors.
With a growing portfolio spanning tokenized investments, digital finance, and strategic interests in professional sports franchises, the
company is focused on transforming how alternative assets are accessed, owned, and monetized.
About McQueen Labs
McQueen Labs Inc. is pioneering
tokenized real-world assets with an integrated platform unlocking access, liquidity, and investment opportunities across traditionally
exclusive asset classes. Through its flagship platform, MCQ Markets, the company has launched SEC-qualified fractional investment offerings
in high-value collector cars, achieving multiple successful exits with double-digit investor returns. Its capabilities span private credit,
tokenized lending, and alternative assets, combining investment expertise with blockchain technology to advance the next generation of
capital markets.
STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Information and statements contained in this news
release that are not historical facts constitute “forward-looking information” and “forward-looking statements”
involving risks and uncertainties relating to House of Doge’s current expectations, intentions, plans and beliefs. Forward-looking
information can often be identified by words such as “anticipate,” “believe,” “expect,” “goal,”
“plan,” “target,” “intend,” “estimate,” “could,” “should,” “may”
and “will,” or the negative of these terms or similar expressions suggesting future outcomes, events or performance.
Examples of forward-looking information in this
news release include, without limitation: completing the proposed acquisition of McQueen Labs’ tokenization platform and credit
assets and satisfying applicable closing conditions; integrating and utilizing the acquired platform and assets; realizing the anticipated
benefits of the acquisition, including accelerated growth, expanded distribution and access to additional asset classes; developing and
introducing tokenized yield vaults that accept tokenized credit assets as collateral; creating opportunities to access yield from income-producing
alternative investments; expanding into tokenized credit, sports investments and yield-oriented products; building a broader platform
for tokenized alternative investments and on-chain financial activity; establishing and utilizing a proposed $100 million at-the-market
equity offering program to support growth and strategic initiatives; completing a corporate rebrand and share consolidation; and announcing
further details regarding these initiatives and the anticipated launch timeline for the yield vaults. Forward-looking information also
includes expectations regarding the growth and potential of the tokenized real-world asset market and the Company’s ability to capitalize
on those opportunities.
These statements are based on assumptions that
may change or prove incorrect, including assumptions regarding the completion of the proposed acquisition, the successful integration
and performance of the acquired platform and credit assets, the availability of financing on acceptable terms, investor demand, market
conditions, applicable regulatory requirements and approvals, and the Company’s ability to develop and launch its planned products
and execute its strategy.
Forward-looking information is subject to known
and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from
those expressed or implied. These include the risk that the proposed acquisition may not close on the anticipated terms or at all; integration
and execution challenges; adverse market or regulatory developments; credit defaults, collateral valuation changes and liquidity constraints;
technology, blockchain, smart contract and cybersecurity risks; an inability to establish or raise capital through the proposed at-the-market
equity offering program; dilution resulting from equity issuances; delays in obtaining necessary approvals or developing and launching
products; and the possibility that the corporate rebrand, share consolidation or other planned initiatives may be delayed or not completed.
Readers should not place undue reliance on forward-looking
information. Actual results may differ materially from expectations, and there can be no assurance that the proposed acquisition, planned
products, financing initiatives or other strategic objectives will be completed or achieve their intended benefits, or that any yield-oriented
products will generate positive returns. Forward-looking information is provided as of the date of this news release. House of Doge undertakes
no obligation to publicly update or otherwise revise any forward-looking information, except as required by applicable law.
Media Contacts
press@houseofdoge.com
press@mcqmarkets.com
