LQR House Inc. Files 8-K on Material Agreement
Ticker: YHC · Form: 8-K · Filed: Jan 3, 2025 · CIK: 1843165
| Field | Detail |
|---|---|
| Company | Lqr House Inc. (YHC) |
| Form Type | 8-K |
| Filed Date | Jan 3, 2025 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $0.55, $350,020 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
LQR House Inc. filed an 8-K on Dec 30, 2024, for material agreements & equity sales. Details pending.
AI Summary
LQR House Inc. filed an 8-K on January 3, 2025, reporting on events as of December 30, 2024. The filing indicates a material definitive agreement, unregistered sales of equity securities, and financial statements/exhibits. Specific details on the agreement or equity sales are not provided in this excerpt.
Why It Matters
This 8-K filing signals significant corporate activity for LQR House Inc., potentially involving new agreements or equity transactions that could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and unregistered sales of equity, which can introduce financial and operational risks if not managed properly.
Key Numbers
- 001-41778 — SEC File Number (Identifies the company's filing with the SEC.)
- 86-1604197 — IRS Employer Identification Number (Company's tax identification number.)
Key Players & Entities
- LQR House Inc. (company) — Registrant
- December 30, 2024 (date) — Date of earliest event reported
- January 3, 2025 (date) — Filing date
- Nevada (jurisdiction) — State of incorporation
- 6800 Indian Creek Dr. Suite 1E Miami Beach, Florida 33141 (address) — Principal executive offices
FAQ
What is the nature of the material definitive agreement mentioned in the filing?
The provided excerpt does not specify the details of the material definitive agreement.
What type of equity securities were sold, and under what terms were they unregistered?
The filing mentions unregistered sales of equity securities, but the specific type and terms are not detailed in this excerpt.
What are the key financial highlights or exhibits included with this 8-K filing?
The filing indicates that financial statements and exhibits are included, but their specific content is not detailed in this excerpt.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing occurred on December 30, 2024.
What is LQR House Inc.'s principal executive office address?
LQR House Inc.'s principal executive office is located at 6800 Indian Creek Dr. Suite 1E, Miami Beach, Florida 33141.
Filing Stats: 798 words · 3 min read · ~3 pages · Grade level 10.8 · Accepted 2025-01-03 16:17:07
Key Financial Figures
- $0.0001 — nge on which registered Common Stock, $0.0001 par value per share LQR The Nasdaq
- $0.55 — on Stock") of the Company at a price of $0.55 per share for aggregate gross proceeds
- $350,020 — r share for aggregate gross proceeds of $350,020. The Purchase Agreement contains custo
Filing Documents
- ea0226681-8k_lqr.htm (8-K) — 29KB
- ea022668101ex4-1_lqr.htm (EX-4.1) — 107KB
- ea022668101ex10-1_lqr.htm (EX-10.1) — 153KB
- 0001213900-25-000780.txt ( ) — 526KB
- yhc-20241230.xsd (EX-101.SCH) — 3KB
- yhc-20241230_lab.xml (EX-101.LAB) — 33KB
- yhc-20241230_pre.xml (EX-101.PRE) — 22KB
- ea0226681-8k_lqr_htm.xml (XML) — 4KB
01 Entry into
Item 1.01 Entry into a Material Definitive Agreement. On December 30, 2024, LQR House Inc., a Nevada corporation (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with various investors who are signatories thereto ("Purchasers"), pursuant to which the Purchasers acquired 636,400 shares (the "Shares") of common stock, par value $0.0001 per share ("Common Stock") of the Company at a price of $0.55 per share for aggregate gross proceeds of $350,020. The Purchase Agreement contains customary representations, warranties, and covenants of the Company and Purchasers and customary closing conditions, indemnification rights, and other obligations of the parties. The Purchase Agreement is governed by the laws of the State of New York. The foregoing summary does not purport to be complete and is qualified in its entirety by forms of the Purchase Agreement a copy of which is attached hereto as Exhibits 10.1 and is incorporated herein by reference.
02. Unregistered Sales of Equity Securities
Item 3.02. Unregistered Sales of Equity Securities. The disclosure under Item 1.01 of this Current Report on Form 8-K is incorporated hereby reference. The Company issued the 636,400 Shares pursuant to the exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), available to the Company under Section 4(a)(2) and/or Rule 506(b) promulgated thereunder due to the fact that the issuance did not involve a public offering of securities. In addition, on December 30, 2024, the Company issued 4,352,727 shares of Common Stock and warrants to purchase an aggregate of 10,909,090 shares of Common Stock pursuant to the Securities Purchase Agreement ("Lazar Purchase Agreement"), dated October 15, 2024 by and between the Company and David E. Lazar, previously disclosed in Current Report on Form 8-K, filed by the Company with the U.S. Securities and Exchange Commission on October 18, 2024. The issuance of such shares and warrants was to 18 purchasers who obtained the rights to the issuance of such securities pursuant to the assignment of rights of a purchaser by David Lazar as provided for in the Lazar Purchase Agreement. The Company issued such 4,352,727 shares of Common Stock and warrants to purchase an aggregate of 10,909,090 shares of Common Stock pursuant to the exemption from the registration requirements of the Securities Act available to the Company under Section 4(a)(2) and/or Rule 506(b) promulgated thereunder due to the fact that the issuance did not involve a public offering of securities.
01. Financial Statements and
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 4.1 Form of Warrant dated December 30, 2024 10.1 Form of Purchase Agreement dated December 30, 2024 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL 1
SIGNATURES
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. LQR HOUSE INC. Dated: January 3, 2025 By: /s/ Sean Dollinger Name: Sean Dollinger Title: Chief Executive Officer 2