LQR House Inc. 8-K

What Happened

• LQR House Inc. announced on May 20, 2026 that it entered into a Note Purchase Agreement with certain non‑U.S. purchasers to issue unsecured promissory notes (the “Notes”) in an aggregate principal amount of up to $60,000,000. The Purchasers committed to fund advances under the Notes from time to time during the availability period upon the Company’s draw notices. Funding may be made in U.S. dollars or certain agreed digital assets.

Key Details

• Principal available: up to $60,000,000 in aggregate.
• Interest rate: 6.0% per annum.
• Maturity date: May 20, 2028 (earlier if accelerated under the Notes’ terms).
• Security and ranking: Notes are unsecured, rank pari passu with the Company’s other unsecured, unsubordinated indebtedness, and are senior to any subordinated indebtedness.
• Other: Purchase Agreement and Notes include customary reps, covenants and events of default. The filing does not state the Company’s intended use of proceeds.

Why It Matters

• This agreement provides LQR House with potential near‑term access to up to $60M of financing, which can affect liquidity and the company’s ability to fund operations or growth initiatives.
• The Notes are unsecured debt at a 6% annual interest cost and mature in 2028, so investors should note the additional interest expense and increased debt on the balance sheet without collateral backing.
• Key terms (draw mechanics, availability period, and acceptance of digital assets) affect how and when funds may actually be received; the filing does not specify planned uses of proceeds, so timing and impact depend on future draw decisions.