LQR House Inc. Shares Acquired by MeiFang Group and Winz Technology Co.

LQR House Inc., a niche e-commerce platform in the spirits and beverage industry, has announced significant share acquisitions. MeiFang Group acquired 821,818 shares from activist investor David Lazar at $1.58 per share, while Winz Technology Co. is set to purchase 280,000 shares at $2.85 each. This strategic alignment aims to enhance LQR House's market position and support sustainable growth.

David Lazar has leveraged his network to nominate Yilin Lu and Hong Chun Yeung for LQR House's Board of Directors, pending shareholder approval. Mr. Lu, with a robust background in investment banking, and Mr. Yeung, experienced in audit and M&A advisory, are expected to strengthen LQR House's leadership and future growth.

LQR House aims to expand its capital markets strategy and investor network through these partnerships and nominations. A proxy statement related to these updates has been filed with the SEC and is available for review.