LQR House Inc. 8-K

What Happened
LQR House Inc. (YHC) filed an 8-K (June 2, 2026) reporting it completed an additional closing under a Share Purchase Agreement dated April 11, 2026. On June 1, 2026 the Company acquired 3,000 shares (30%) of Fusion Five Continents Securities Limited from seller Dean Shields for $39,000,000, paid in Tether (USDT). After this closing LQR House owns 5,400 shares, representing 54% of Fusion Five’s issued and outstanding shares. The Share Purchase Agreement was previously filed as Exhibit 10.1 to a prior 8-K on April 15, 2026.

Key Details

• Acquired 3,000 shares (30%) on June 1, 2026 for aggregate consideration of $39,000,000, payable in USDT.
• Total ownership after the closing: 5,400 shares (54% of Fusion Five).
• Target: Fusion Five Continents Securities Limited (New Zealand company); seller named Dean Shields.
• Transaction governed by Share Purchase Agreement dated April 11, 2026 (filed as Exhibit 10.1 to Prior 8-K); press release dated June 2, 2026 furnished as Exhibit 99.1.

Why It Matters
This additional closing moved LQR House from a minority to a majority owner of Fusion Five, giving it a controlling stake (54%). For investors, that change can affect LQR House’s consolidated results, strategic direction, and potential future financial reporting — because majority ownership typically enables control over the target’s operations and accounting. The filing provides factual transaction terms (price, payment in USDT, dates) but does not disclose future integration plans or expected financial impacts.