Board Change • Jul 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Chairman Chen Lijun is the most experienced director on the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. New Risk • Jul 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$1.69m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Earnings have declined by 58% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 19x increase in shares outstanding). Market cap is less than US$10m (US$1.69m market cap). Minor Risk Revenue is less than US$5m (US$1.4m revenue). Aankondiging • Apr 17
LQR House Inc. Announces Board and Committee Changes, Effective April 10, 2026 LQR House Inc. appointed Yuting "Tina" Luo to serve as a director of the Company, effective April 10, 2026. Ms. Luo has experience as a compliance and risk management professional in the financial services industry. The Board also appointed Ms. Luo to serve on the Audit Committee and the Nominating Committee and has determined that she qualifies as an independent director under the applicable Nasdaq Listing Rules. Also on April 10, 2026, the Board appointed Hoi Ho George Wong to serve as a director of the Company. Mr. Wong has experience in accounting and business management in New Zealand. The Board has also appointed Mr. Wong to serve on the Compensation Committee and has determined that he qualifies as an independent director under the applicable Nasdaq Listing Rules. In connection with such director appointments, the Company entered into written service agreements with each of Ms. Luo and Mr. Wong on April 13, 2026. Aankondiging • Apr 01
LQR House Inc. announced delayed annual 10-K filing On 03/31/2026, LQR House Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Aankondiging • Mar 12
LQR House Inc. has filed a Follow-on Equity Offering in the amount of $50.27361 million. LQR House Inc. has filed a Follow-on Equity Offering in the amount of $50.27361 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Recent Insider Transactions • Dec 22
President & Director recently bought US$1.8m worth of stock On the 17th of December, Yilin Lu bought around 2m shares on-market at roughly US$0.90 per share. This transaction increased Yilin's direct individual holding by 3724x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Yilin's only on-market trade for the last 12 months. Aankondiging • Dec 20
LQR House Inc. has completed a Follow-on Equity Offering in the amount of $6.524975 million. LQR House Inc. has completed a Follow-on Equity Offering in the amount of $6.524975 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,249,972
Price\Range: $0.9
Discount Per Security: $0.045
Transaction Features: Registered Direct Offering Aankondiging • Dec 18
LQR House Inc. has filed a Follow-on Equity Offering in the amount of $6.524975 million. LQR House Inc. has filed a Follow-on Equity Offering in the amount of $6.524975 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 7,249,972
Price\Range: $0.9
Discount Per Security: $0.045
Transaction Features: Registered Direct Offering Board Change • Nov 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Founder, CEO, Secretary & Director Sean Dollinger is the most experienced director on the board, commencing their role in 2023. Independent Director Hong Yeung was the last independent director to join the board, commencing their role in 2024. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Aankondiging • Aug 07
LQR House Inc. Appoints Yilin Lu as President LQR House Inc. appointed its Board Member Yilin Lu as President of the Company. Mr. Lu, who played a central role in initiating and advancing discussions with TikTok, will now oversee global growth initiatives with a strategic focus on digital infrastructure, capital markets, and media monetization. Aankondiging • Apr 25
LQR House Inc., Annual General Meeting, May 30, 2025 LQR House Inc., Annual General Meeting, May 30, 2025. Aankondiging • Apr 09
LQR House Inc. Announces Resignation of David Lazar as President and Member of the Board of Director LQR House Inc. announced On April 2, 2025, David Lazar resigned as President and as member of the Board of Directors (the “Board”) of the Company, with such resignation becoming effective April 2, 2025 (the “Separation Date”). Mr. Lazar did not serve on any Board committees at the time of his resignation. Mr. Lazar did not resign from the Board due to any disagreement with the Company on any matter relating to the Company’s operations, policies, or practices. Aankondiging • Dec 20
LQR House Inc. Announces Board Changes LQR House Inc. announced two key appointments to its Board of Directors. Mr. Lijun Chen has been named Chairman of the Board of Directors, and Dr. Jing Lu joins as a board member. These appointments mark a pivotal step in LQR House's strategic growth, as both bring extensive leadership, innovation, and financial expertise to the Company. Mr. Chen's distinguished career spans international trade, real estate development, biotechnology, and e-commerce, making him a dynamic addition to LQR House's leadership. He began his career at Shijiazhuang Changlu Trading Company, where he rose to General Manager, overseeing coal trading and essential goods. In 2004, Mr. Chen co-founded Fuli Real Estate Development Co. Ltd., driving the company's growth through strategic development initiatives. in 2014, Mr. Chen founded Hebei Jiujiukang Biotechnology Development Co. Ltd., focusing on biotechnology research and pharmaceutical production. Currently, as Chairman of Shenzhen Yihu Tea Technology Innovation Group Co. Ltd., he is working at the forefront of e-commerce and technology promotion, emphasizing innovation, adaptability, and delivering impactful results. Dr. Lu brings a wealth of experience in financial leadership and strategic investment. She currently serves as Chief Financial Officer of Bowen Acquisition Corporation, a Nasdaq-listed company. Dr. Lu's extensive career also includes roles as Chief Investment Officer at New Hope Fertility Center, Managing Director and Chief Operating Officer at China Bridge Capital USA, and Executive Director at CIBC World Markets, focusing on corporate securities. Earlier in her career, she worked as a bank regulator at the Federal Reserve Bank of New York and served as a professor of economics at York University in Canada, specializing in macroeconomics and econometrics. Dr. Lu holds a Ph.D. and M.A. in Economics from Western University in Canada, a Graduate Certificate in Economics from People's University in China, and a B.A. in World Economy from Fudan University in China. The Company believes that the addition of Mr. Chen and Dr. Lu underscores LQR House's commitment to assembling a world-class leadership team poised to navigate the dynamic e-commerce and spirits markets. With their strategic vision and experience, the Company is well-positioned to continue its trajectory of growth and shareholder value creation. Before the appointment Mr. Lijun Chen and Dr. Jing Lu to the board, Gary Herman and James Huber have officially resigned from the board of directors. Aankondiging • Dec 04
LQR House Inc. Secures Liquor Control Board of Ontario Approval for SWOL Tequila in Ontario LQR House Inc. announced that SWOL Tequila has received Approval for Ontario Product Analysis by the Liquor Control Board of Ontario (LCBO). This significant milestone paves the way for LQR House's international expansion and marks its entry into the Canadian market, starting with a purchase order from Of The Earth Distribution Corp. SWOL Tequila, a premium brand fully owned by LQR House, successfully completed the LCBO's rigorous product analysis, clearing the way for distribution across Ontario under the LCBO's regulatory oversight. This achievement ensures that SWOL Tequila is ready to make its mark in one of Canada's largest and most discerning markets for alcoholic beverages. With the LCBO's approval in place, Of The Earth Distribution Corp. has placed its first purchase order for SWOL Tequila, which will ship directly from Mexico this week. This order marks the beginning of what LQR House anticipates will be a successful expansion into Canada. Stay tuned for updates on when and where you can purchase SWOL Tequila in Ontario, as LQR House continues to deliver its premium offerings to new markets. Aankondiging • Nov 27
LQR House Inc., Annual General Meeting, Dec 19, 2024 LQR House Inc., Annual General Meeting, Dec 19, 2024. Aankondiging • Oct 16
LQR House Inc. Announces Management Changes LQR House Inc. announced that it has entered into a securities purchase agreement with activist investor David E. Lazar. As part of the transaction, Mr. Lazar has been appointed to the LQR House Board of Directors and as President, with a focus on investor relations and market communications. In this capacity, he will help steer the company's strategic direction to ensure alignment with shareholder interests. Additionally, Avraham Ben-Tzvi, an experienced corporate attorney, has also been appointed to the Board of Directors. Additionally, LQR House announces the resignation of board member Jatinder (Jay) Dhaliwal. Aankondiging • Aug 13
LQR House Receives a Letter from the Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market On August 12, 2024, LQR House Inc. received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC therein stating that for the 30 consecutive business days period between June 28, 2024 through August 9, 2024, the common stock of the Company had not maintained a minimum closing bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days, or until February 10, 2025 (the “Compliance Period”), to regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule by February 10, 2025, the Company may be eligible for an additional 180-day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Rule, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company cannot regain compliance during the Compliance Period or any subsequently granted compliance period, the common stock of the Company will be subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq hearings panel. The notice from Nasdaq has no immediate effect on the listing of the Company’s common stock and its common stock will continue to be listed on The Nasdaq Capital Market under the symbol “LQR”. The Company is currently evaluating its options for regaining compliance. There can be no assurance that the Company will regain compliance with the Bid Price Rule or maintain compliance with any of the other Nasdaq continued listing requirements. Aankondiging • May 16
LQR House Announces the Launch of its RareSips NFT Platform LQR House Inc. announced the launch of its NFT platform, RareSips. The platform's inaugural drop is set to take place at 9am EST, featuring an exclusive collection of 10 NFTs backed by physical bottles of premium alcohol. Click this link at 9am EST to gain access to the first drop. As previously announced, this platform is intended to introduce a new way for the Company's customers to engage with and own tangible spirits through digital NFTs. LQR House sees its RareSips NFT platform as an opportunity, allowing individuals to buy and sell rare bottles in a more efficient manner. LQR House will keep the bottles in the secure climate-controlled warehouse until they are redeemed by the owners. They can also opt to sell the NFT on the RareSips Marketplace, while the physical bottles remain in storage. With RareSips, customers can seamlessly exchange their digital NFTs for the corresponding physical bottles, ensuring authenticity and ownership verification. The Company is going to offer flexible payment options, including cryptocurrency or credit card, allowing customers to promptly redeem their bottles. Aankondiging • Jan 29
LQR House Inc. Announces Upcoming Launch of RareSips NFT Platform LQR House Inc. announced its upcoming NFT platform, RareSips. The Company is currently in the process of building the platform, with an expected launch in March. The Company intends to hold in March, where the first 10 bottles will be available for exclusive presale. Simultaneously, the Company is going to initiate a waitlist because once it is launched RareSips plans regular drops for sale every few months. The RareSips platform is expected to enable consumers to swap their digital NFTs for the corresponding physical bottles, granting ownership of tangible spirits securely maintained by LQR House. The digital NFT will act as proof of authenticity, ownership verification, and the entitlement to have the physical bottle delivered. The Company anticipates that RareSips platform will offer various payment options, including cryptocurrency or credit card, providing consumers with flexibility, and allowing them to promptly redeem their bottles. The Company is building RareSips so that the customers would receive notifications about exclusive product drops, providing access to limited allocations facilitated by LQR House's seasoned head of operations and merchandising, Cal Jacobs, leveraging his 15+ years of industry experience and valuable relationships to secure unique products. Aankondiging • Jan 09
LQR House Inc. Proposes Special Dividend LQR House Inc. proposed special dividend of up to $1.00 per common share to eligible shareholders at its Board of Directors meeting held on January 12, 2024. Aankondiging • Dec 15
LQR House Achieves Compliance with Nasdaq Minimum Bid Price Requirement LQR House Inc. (NasdaqCM:LQR) (the ‘Company’) announced that it received a notice from the Nasdaq Capital Market, LLC (‘Nasdaq’) informing the Company that it regained compliance with the bid price requirements under Nasdaq Listing Rules. In its letter Nasdaq also confirmed that LQR House is in compliance with all the applicable listing standards for continued Nasdaq listing. To meet the requirements outlined in Nasdaq Listing Rule 5550(a)(2), the Company diligently maintained a minimum closing bid price of $1.00 or more for 10 consecutive trading days. This milestone was reached on December 13, 2023, underscoring the company's commitment to sustaining positive market performance. ‘I am thrilled to announce that the company has successfully navigated and surpassed the minimum bid price requirement set by Nasdaq. This accomplishment is a testament to our resilience and strategic focus,’ said Sean Dollinger, Chief Executive Officer of the company. ‘Now, more than ever, the unwavering support of our investors is critical to maintaining this positive momentum into the new year. We acknowledge that recent corporate actions, such as multiple offerings and a reverse split, may have caused concerns among some investors. However, these strategic moves have positioned us with over $8 million in cash on hand, providing the financial strength needed to continue operating and propel the company into achieving its goal to become a leading force in the ecommerce sector. As we move forward, we remain committed to monitoring and addressing short selling attacks. It is our mission to overcome these challenges while simultaneously building a thriving and successful business. We appreciate the continued trust and confidence of our investors as we work towards creating sustainable long-term value for all stakeholders.’ The company looks forward to building on this positive momentum and anticipates a prosperous future as it continues to innovate within the spirits and beverage ecommerce space. Aankondiging • Nov 29
Nasdaq Determines to Delist the LQR House's Common Stock from the Nasdaq Capital Market On November 22, 2023, LQR House Inc. (the ‘Company’) received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (‘Nasdaq’) therein stating that as of November 21 2023, the Company’s securities had a closing bid price of $0.10 or less for ten consecutive trading days in contravention of Nasdaq Listing Rule 5810(c)(3)(A)(iii) and therefore, the staff at Nasdaq has determined to delist the Company’s common stock from The Nasdaq Capital Market. However, the Company has requested a hearing before the Nasdaq Hearings Panel (the ‘Panel’) and as a result, the delisting of the Company’s common stock will be stayed pending the issuance of a decision by the Panel. There are no assurances that a favorable decision will be obtained from the Panel. Aankondiging • Nov 16
LQR House Inc. announced delayed 10-Q filing On 11/14/2023, LQR House Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Aankondiging • Nov 11
LQR House Inc. has completed a Follow-on Equity Offering in the amount of $11 million. LQR House Inc. has completed a Follow-on Equity Offering in the amount of $11 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 157,142,857
Price\Range: $0.07
Discount Per Security: $0.00315 Aankondiging • Nov 09
LQR House Inc. has filed a Follow-on Equity Offering in the amount of $11 million. LQR House Inc. has filed a Follow-on Equity Offering in the amount of $11 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 86,682,427
Price\Range: $0.1269
Discount Per Security: $0.00571 Aankondiging • Oct 27
LQR House Receives Non-Compliance Notice From Nasdaq On October 24, 2023, LQR House Inc. (the “Company”) received a letter from the Nasdaq Listing Qualifications Staff of The Nasdaq Stock Market LLC (“Nasdaq”) therein stating that for the 30 consecutive business day period between September 11, 2023 through October 23, 2023, the common stock of the Company had not maintained a minimum closing bid price of $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), the Company was provided an initial period of 180 calendar days, or until April 22, 2024 (the “Compliance Period”), to regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule by April 22, 2024, the Company may be eligible for an additional 180-day period to regain compliance. To qualify, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Bid Price Rule, and would need to provide written notice of its intention to cure the bid price deficiency during the second compliance period, by effecting a reverse stock split, if necessary. If the Company cannot regain compliance during the Compliance Period or any subsequently granted compliance period, the common stock of the Company will be subject to delisting. At that time, the Company may appeal the delisting determination to a Nasdaq hearings panel. The notice from Nasdaq has no immediate effect on the listing of the Company’s common stock and its common stock will continue to be listed on The Nasdaq Capital Market under the symbol “LQR” The Company is currently evaluating its options for regaining compliance. There can be no assurance that the Company will regain compliance with the Bid Price Rule or maintain compliance with any of the other Nasdaq continued listing requirements. Reported Earnings • Sep 23
Second quarter 2023 earnings released: US$0.38 loss per share (vs US$0.061 loss in 2Q 2022) Second quarter 2023 results: US$0.38 loss per share (further deteriorated from US$0.061 loss in 2Q 2022). Revenue: US$191.0k (up 155% from 2Q 2022). Net loss: US$3.56m (loss widened US$3.01m from 2Q 2022). Recent Insider Transactions • Aug 25
CEO, Secretary & Director recently bought US$100k worth of stock On the 23rd of August, Sean Dollinger bought around 86k shares on-market at roughly US$1.16 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Sean's only on-market trade for the last 12 months. Aankondiging • Aug 22
LQR House Announces Appointment of Jay Dhaliwal to Its Board of Directors LQR House Inc. announces a significant update in its Board of Directors and reinforces its dedication to investor confidence and integrity. LQR House announced the appointment of Jay Dhaliwal to its Board of Directors. Jay, an experienced specialist in public markets, will assess the potential of naked short selling and boasts a robust history of accomplishments in corporate governance. His expertise will be pivotal as LQR House undertakes the previously announced Preliminary Investigation into Possible Naked Short Selling and Manipulation of the LQR House common shares trading on the NASDAQ. Currently, Mr. Dhaliwal serves as a director for Canadian listed companies and a European Cannabis NASDAQ issuer. His experience includes a tenure as the CEO of prominent retail cannabis operations in Canada, providing him with profound insights into navigating government agencies associated with liquor and cannabis boards. Additionally, he has contributed to upper management within a sizable national pharmacy chain, effectively leveraging his expertise to enhance consumer-level growth and achieve savings via supply chain negotiations. Aankondiging • Aug 11
LQR House Inc. has completed an IPO in the amount of $5 million. LQR House Inc. has completed an IPO in the amount of $5 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 1,000,000
Price\Range: $5
Discount Per Security: $0.4 Board Change • Aug 10
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Director Alex Hoffman was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model.