SCHEDULE 13G: Major Shareholder Discloses 9.9% Stake in LQR House Inc.

Su Wilson, through Mercantile Holdings Inc., has disclosed a 9.9% beneficial ownership stake in LQR House Inc., holding over 20 million shares.

Summary

• Su Wilson, a Canadian citizen, has filed a Schedule 13G indicating beneficial ownership of 20,000,571 shares of LQR House Inc. common stock.
• This represents 9.9% of the company's common stock outstanding.
• The shares were acquired indirectly through Mercantile Holdings Inc., a British Columbia corporation.
• The acquisition occurred as part of LQR House Inc.'s underwritten registered public offering that closed on November 10, 2023.
• The percentage was calculated based on 201,919,966 shares of common stock outstanding as of November 16, 2023.
• Su Wilson holds sole voting and sole dispositive power over all 20,000,571 shares.
• The filing certifies that the securities were not acquired for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 6

Explanation: The filing indicates a significant, passive ownership stake by an individual investor, which can be viewed as a vote of confidence in the company following its public offering.

Positives

• A significant beneficial ownership stake of 9.9% in LQR House Inc. has been disclosed by Su Wilson, indicating a substantial investment.
• The shares were acquired through the issuer's underwritten registered public offering, suggesting successful completion of that offering.

Risks

• The filing explicitly states that the securities were not acquired for the purpose of changing or influencing the control of the issuer, mitigating concerns about an activist investor.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Disclosure of a significant, passive shareholder provides transparency and potentially stability.

Key Dates

Keywords

LQR House Inc., Common Stock, Schedule 13G, Beneficial Ownership, Su Wilson, Mercantile Holdings Inc., SEC Filing, Shareholder, Public Offering