LQR House Inc. ( (LQR) ) has provided an announcement.
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LQR House Inc. has struck a significant deal with activist investor David Lazar, who will invest $3 million in exchange for shares and warrants of the company. This strategic move aims to strengthen LQR House’s financial standing, enabling it to reduce operating expenses and explore new opportunities. Lazar, now appointed as President and Board member, is expected to leverage his expertise in capital restructuring to guide LQR House towards enhancing shareholder value. With additional board appointments, this partnership signals a transformation for the e-commerce platform specializing in the spirits industry.
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