LQR House acquires additional 30% stake in AI brokerage for $39 million
LQR House Inc. (NASDAQ: YHC) completed the acquisition of an additional 30% equity interest in Fusion Five Continents Securities for $39 million paid in USDT, according to a company statement. The transaction brings LQR House's total ownership in the New Zealand-licensed brokerage to 54%, crossing the majority ownership threshold.
The acquisition builds on LQR House's initial 24% stake purchased earlier and establishes the company as the controlling shareholder of Fusion Five. The majority ownership position will result in consolidation of Fusion Five's financial results into LQR House's reported earnings.
Fusion Five Continents operates an investment platform that combines AI-driven research with USDT-based funding and settlement capabilities. The platform serves approximately 4,000 investors and provides access to Hong Kong and U.S. equity markets through a partnership with a licensed Hong Kong securities broker.
The brokerage's technology includes large language models that analyze company filings and media coverage, automated portfolio optimization tools, and natural language processing for alpha generation. The platform allows clients to fund accounts using USDT stablecoin for securities trading.
Fusion Five's research team includes postdoctoral researchers from institutions including the Oxford-Man Institute of Quantitative Finance and Singapore Management University. The company is developing quantum-inspired methods for portfolio optimization and execution efficiency.
"This next step in our acquisition of Fusion Five Continents is a defining moment for LQR House and our shareholders," said Sean Dollinger, Chief Executive Officer of LQR House.
According to the company's statement, Fusion Five is currently profitable and the consolidation is expected to contribute favorably to LQR House's financial performance. LQR House also operates an alcohol e-commerce platform through cwspirits.com.
