House of Doge Inc. (TBH) Form 8-K — Oct 23, 2026
$TBHForm 8-KItems 1.01, 1.02, 3.02, 5.02, 7.01, 8.01, 9.01Filed Oct 23, 2026, 4:27 PM ET0001213900-26-112135Original filing
House of Doge (Nasdaq: HODO) signed a binding LOI to acquire McQueen Labs' MCQ Markets tokenization platform and microlending business for $15 million, payable in stock equal to 19.99% of outstanding shares, new convertible preferred representing another 30%, and a 3% seller note with $5 million milestone-contingent. The deal requires stockholder approval under Nasdaq Rule 5635 and a definitive agreement by December 15, 2026.
Key figures
- Deal Value Usd
- 15000000
- License term
- 3 years, ending October 19, 2029
- Secured notes
- $833,333 x3 senior secured convertible notes plus $5,500,000 secured short term demand note
- Termination payment
- $400,000 owed to Dogecoin Foundation
- Seller note interest
- 3.0% per annum
- Seller note maturity
- second anniversary of closing
- Token platform price
- $15,000,000 (Token Platform), Lending Business priced at a multiple of annual interest rate spread
- Consideration preferred
- non-voting convertible preferred representing 30.0% of outstanding common stock
- Consideration common stock
- 19.99% of outstanding common stock
- Dogecoin labs equity value
- $4,000,000 (based on $120,000,000 pre-money valuation)
- Milestone contingent amount
- $5,000,000 contingent on milestones by April 30, 2027
- Definitive agreement deadline
- December 15, 2026
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