律动BlockBeats|Oct 26, 2026 07:52
[House of Doge Makes Major Changes: Termination of Official Dogecoin Licensing, CEO Replacement, and Proposed Acquisition of McQueen Labs]
BlockBeats reports that on October 26, Nasdaq-listed House of Doge Inc. (ticker symbol: HODO) filed its 8-K document on October 23, disclosing several significant changes:
Leadership Changes: Former CEO Marco Margiotta and CFO Charles Park resigned on October 22. The Board appointed McQueen Labs CEO Curtis Hopkins as interim CEO and interim CFO.
Termination of Official Dogecoin Licensing: An agreement was reached with the Dogecoin Foundation and MadeUpNumbers Ltd. to terminate the previous revised trademark license agreement. The company is required to change its name by December 31, 2026, and cease using phrases such as "Official Corporate Arm" or "Official Business Partner." Simultaneously, a new non-exclusive trademark license agreement was signed, limited to designated 21Shares Dogecoin-related products and newly approved products, with revenue sharing payable.
Asset Transfer: The Such App mobile application-related assets were transferred to ABJ Labs Inc. (operating name Dogecoin Labs) in exchange for $4 million worth of Dogecoin Labs common stock (based on a pre-money valuation of $120 million). The transaction has not yet closed.
Proposed Acquisition of McQueen Labs: A binding letter of intent was signed with McQueen Labs to acquire its MCQ Markets token platform and micro-lending business. The token platform is valued at $15 million, primarily payable in stock (no more than 19.99% common stock + 30% non-voting convertible preferred stock) and promissory notes.
The company also stated it will evaluate reverse stock splits, financing options, and rebranding. [Original Link]
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