LQR House Inc. SEC Filings

LQR House Inc. saw an investor group led by Diveroli Investment Group LLC and Kingbird Ventures LLC acquire 737,000 shares of common stock, representing 7.1% of the outstanding class as of August 12, 2025. The shares were bought in open-market trades for a total basis of $1,222,290.29. The reporting persons say the shares were purchased for investment purposes and state they currently do not intend to control or influence corporate activities.

The shares are subject to a Voting Agreement dated September 22, 2025 that grants an irrevocable proxy to the Issuer’s President, giving the proxyholder sole voting power while preserving the reporting persons’ limited dispositive rights subject to transfer restrictions. A previously filed suit by Kingbird was dismissed by stipulation on September 22, 2025.

LQR House Inc. director Hong Chun Yeung converted 179 restricted stock units into 179 shares of common stock on 09/30/2025. The conversion reflects RSUs granted on 12/19/2024 and is shown after the issuer's 1-for-35 reverse stock split effective 04/21/2025. Following this transaction Mr. Yeung beneficially owns 892 shares of common stock. The Form 4 was signed on 10/02/2025 and reports the transaction as a non-derivative acquisition with a zero purchase price, consistent with conversion of granted RSUs into common shares.

Lijun Chen, a director of LQR House Inc., converted 179 restricted stock units into 179 shares of common stock on 09/30/2025 at a reported price of $0. After the transaction, Mr. Chen beneficially owned 537 shares directly according to the non‑derivative table and 892 shares following the derivative reporting line, figures presented "as adjusted" for a 1‑for‑35 reverse stock split the issuer effected on April 21, 2025. The Form 4 is signed and dated 10/02/2025. The filing records conversion of units granted on 12/19/2024 and contains no purchase price paid by the reporting person.

LQR House Inc. director Lu Jing reported conversion of 179 restricted stock units into 179 shares of common stock on 09/30/2025 at no cash price. Following the reported transactions, the filing shows 537 shares of common stock beneficially owned in the non-derivative section and 892 shares referenced in the derivative/underlying section, each noted as adjusted for the 1-for-35 reverse stock split effected April 21, 2025. The Form 4 is signed by Jing Lu on 10/02/2025 and is filed as a report by one reporting person who is a director.

On August 6, 2025, LQR House Inc. appointed board member Yilin Lu as President, effective immediately. Mr. Lu, 44, joined the board in December 2024 and brings extensive industry experience: founder and CEO roles at Senchi Morgan Capital Market and Cheung On Securities, earlier investment banking positions at Goldman Sachs, China International Capital Corporation and Cantor Fitzgerald, and professional credentials as a CFA and FRM. The filing states there are no arrangements or understandings connected to his appointment, no family relationships with company officers or directors, and no related transactions exceeding the regulatory threshold.

The company also disclosed via a press release the next day a strategic collaboration with TikTok. The 8-K furnishes the press release as an exhibit but does not include financial terms or operational details, leaving the commercial and financial significance of the partnership unclear for investors.

LQR House Inc. reported total assets of $14.36 million, driven by $8.17 million in prepaid joint venture agreements and cash of $4.57 million as of June 30, 2025. Revenue for the six months was $927,868, producing a gross profit of $114,664 versus a gross loss in the prior-year period. The company sustained a net loss of $4.59 million for the six months and used $8.26 million of cash in operations.

The company completed significant equity financings: $11.56 million net from ATM sales during the first half of 2025 and subsequently raised approximately $26 million in July 2025, which management states has alleviated substantial doubt about going concern. Key risks include concentration with related-party service providers, $678,392 of remaining related-party accrued liabilities, a large $8.17 million prepaid commitment not yet finalized, ongoing net losses, and a newly filed shareholder complaint seeking injunctive relief and unspecified damages.

On 07/14/2025, Robert Leshner filed an initial Form 3 for LQR House Inc. (YHC), disclosing direct ownership of 592,736 common shares. At the purchase date it was unclear whether the holding exceeded the 10 % threshold because subsequent share issuances diluted the position to 8.7 % as of 07/17/2025. Leshner is identified as both a director and a 10 % owner. No derivative securities were reported.