Compound founder to relinquish control battle for LQR House

Compound founder and Superstate founder Robert Leshner tweeted that he will abandon the fight for control of the US alcoholic beverage listed company LQR House, because the company's continued issuance of new shares dilutes shareholders' equity, resulting in its shareholding no longer having effective control. In addition, he said that he will not initiate proxy or legal proceedings, and plans to recommend community experts to LQR to help it establish a crypto treasury. [Foresight News]