Summary by Moomoo AI
On November 21, 2024, David E. Lazar entered into a Securities Purchase Agreement to sell 821,818 shares of LQR House Common Stock for $1.3 million. This transaction was subject to certain closing conditions, including escrow arrangements.Subsequently, on November 25, 2024, Lazar agreed to sell an additional 280,000 shares for $800,000 under similar conditions. As a result of these transactions, Lazar ceased to beneficially own any shares of LQR House, reducing his ownership to 0%.These sales were part of a strategic divestment, with Lazar relinquishing all voting and dispositive powers over the shares. The agreements included customary representations, warranties, and indemnification rights.
