LQR House Inc. Announces MeiFang Group Acquired 821,818 Shares Of Common Stock From Mr. Lazar For $1.3M, 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 Inc. (the "Company" or "LQR House") (NASDAQ:LQR), a niche e-commerce platform specializing in the spirits and beverage industry, announced today a transformative step forward under the guidance of activist investor David Lazar. Mr. Lazar has entered into a Securities Purchase Agreement (the "SPA") 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.
