LQR House Inc.
For the period ended Mar 31, 2025. Filed May 13, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 13, 2025
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-14.
0001213900-24-098355
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults upon Senior SecuritiesMine Safety DisclosuresCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-13.
0001213900-25-042634
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsDefaults upon Senior SecuritiesMine Safety DisclosuresThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 10 previous paragraphs and 18 current paragraphs.
8 unchanged; 0 reworded; 10 added; 2 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 3 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (10)
Current report
Recent Sales of Unregistered Securities
Current report
In addition to the issuances of unregistered securities described in the Current Reports on Form 8-K filed by the Company with the SEC, during the first quarter of 2025 ended March 31, 2025 the Company issued the following equity securities which were not registered under the Securities Act.
Current report
On January 2, 2025, the Company issued 3,334 shares of common stock (on post-split basis) to the entity owned and controlled by its former member of the Board, Avraham Ben-Tzvi, in accordance with his director agreement with the Company.
Current report
On January 3, 2025, the Company issued 22 shares of common stock (on post-split basis) to James O’Brien, its member of the Board, due to conversion of 156 restricted stock units granted to him on August 9, 2023 into shares of common stock.
Current report
On January 3, 2025, the Company issued 446 shares of common stock (on post-split basis) to Sean Dollinger, its Chief Executive Officer and member of the Board due to conversion of 15,625 restricted stock units granted to him on August 9, 2023 into shares of common stock.
Current report
On March 31, 2025, the Company issued 179 shares of common stock (on post-split) basis to each of the following members of the Board: Hong Chun Yeung, Jing Lu, Lijun Chen, Yilin Lu, due to conversion of 179 restricted stock units granted to each of them in accordance with their directors agreements on December 19, 2024 into shares of common stock.
Current report
On March 31, 2025, the Company issued 4 shares of common stock to James O’Brien, its member of the Board, due to conversion of 4 restricted stock units granted to him on August 9, 2023 into shares of common stock.
Current report
On March 31, 2025, the Company issued 89 shares of common stock to Sean Dollinger, its Chief Executive Officer and member of the Board due to conversion of 89 restricted stock units granted to him on August 9, 2023 into shares of common stock.
Current report
Unless otherwise noted, the securities above were issued pursuant to the registration requirements of the Securities Act provided by Section 4(a)(2) and/or Rule 506 of Regulation D promulgated under the Securities Act, in light of the fact that none of the issuances involved a public offering of securities and no solicitation or advertisements for such securities were made by any party.
Current report
Purchases of Equity Securities by Issuer and Its Affiliates
Removed paragraphs (2)
Previous report
(c) In August 2023, the Company’s Board of Directors approved a share buyback program under which the Company can repurchase up to 20% of its common stock in open market and privately negotiated purchases, in compliance with Rule 10b-18 under the Exchange Act. The Company engaged and entered into an agreement with Dominari Securities LLC (“Dominari”) on August 28, 2023, to effect the share buyback program. The share buyback program commenced in September 2023. Dominari shall determine, in its sole discretion, the timing, amount, prices and manner of purchase of securities during such period. The share buyback program does not obligate the Company to acquire any particular amount of common stock, and the program may be suspended or discontinued at any time.
Previous report
In January 2024, the Board of Directors of the Company authorized an increase of the share buyback program to $5,000,000.