8-K filed October 18, 2024, 7:59 PM ET ticker YHC CIK 0001843165

other material confidence high sentiment neutral materiality 0.80

LQR House secures $3M activist investment, appoints David Lazar President; settles $7.5M liabilities

LQR House Inc.

David Lazar to invest $3M at $0.55/share for 5,454,545 shares and a 5-year warrant for 10,909,090 shares.
Lazar appointed President and Board member; Avraham Ben-Tzvi also appointed to Board.
Jay Dhaliwal resigned from Board effective Oct 14, 2024; departure not due to disagreement.
Proceeds used to pay $7.495M in settlements with vendors, employees, officers, and directors.
First tranche of $606,000 closed Oct 16; final closing requires shareholder approval.

item 1.01 item 2.03 item 3.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

David Lazar

director

YHC · LQR House Inc.

Effective: 2024-10-15
Filed: October 18, 2024, 7:59 PM ET

the current members of the Board approved an increase in the size of the Board and appointed David Lazar and Avraham Ben-Tzvi to the Board effective as of October 15, 2024.

Appointed

Avraham Ben-Tzvi

director

YHC · LQR House Inc.

Effective: 2024-10-15
Filed: October 18, 2024, 7:59 PM ET

the current members of the Board approved an increase in the size of the Board and appointed David Lazar and Avraham Ben-Tzvi to the Board effective as of October 15, 2024.

Departed

Jay Dhaliwal

member of the Board

YHC · LQR House Inc.

Effective: 2024-10-14
Filed: October 18, 2024, 7:59 PM ET

Jay Dhaliwal informed the Board of Directors of the Company (the “Board”) of his resignation as a member of the Board effective immediately.

Appointed

David Lazar

President

YHC · LQR House Inc.

Effective: 2024-10-15
Filed: October 18, 2024, 7:59 PM ET

the current members of the Board appointed David Lazar to serve as the President of the Company effective October 15, 2024 until his earlier resignation or removal.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Lazar was appointed as director at LQR House Inc..

Action: appointed
Role: director

Exact text from the filing

the current members of the Board approved an increase in the size of the Board and appointed David Lazar and Avraham Ben-Tzvi to the Board effective as of October 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Avraham Ben-Tzvi was appointed as director at LQR House Inc..

Action: appointed
Role: director

Exact text from the filing

the current members of the Board approved an increase in the size of the Board and appointed David Lazar and Avraham Ben-Tzvi to the Board effective as of October 15, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jay Dhaliwal resigned as member of the Board at LQR House Inc..

Action: resigned
Role: member of the Board

Exact text from the filing

Jay Dhaliwal informed the Board of Directors of the Company (the “Board”) of his resignation as a member of the Board effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

David Lazar was appointed as President at LQR House Inc..

Action: appointed
Role: President

Exact text from the filing

the current members of the Board appointed David Lazar to serve as the President of the Company effective October 15, 2024 until his earlier resignation or removal.

View on SEC.gov

LQR House Inc. filing history →

Source: SEC EDGAR

accession 0001213900-24-088992

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