LQR House announces share acquisition by MeiFang Group

LQR House (LQR) announced a step forward under the guidance of activist investor David Lazar. Mr. Lazar has entered into a Securities Purchase Agreement with both MeiFang Group & Winz Technology Co., signaling a strategic alignment aimed at advancing LQR House’s market position and fostering sustainable growth. As part of the agreement, MeiFang Group acquired 821,818 shares of common stock from Mr. Lazar for $1,300,000, representing a valuation of $1.58 per share. Similarly, Winz Technology Co. is set to acquire 280,000 shares of common stock from Mr. Lazar for $800,000, reflecting a valuation of $2.85 per share. LQR House also announced the nomination of two candidates Yilin Lu and Hong Chun Yeung, to its Board of Directors. These appointments are pending shareholder approval. Lu has served as the Founder and CEO of Senchi Morgan Capital Market and Senchi Morgan Asset Management. Hong Chun Yeung, a practicing member of the Hong Kong Institute of Certified Public Accountants, has around 13 years of experience in auditing, M&A advisory, and pre-listing consultation. As a Director of Zhonghui Anda CPA since 2014, Mr. Yeung has provided strategic oversight to companies in manufacturing, mining, logistics, and engineering.