House of Doge makes major adjustments: terminates its official authorization for Dogecoin, replaces its CEO, and plans to acquire McQueen Labs.

Nasdaq-listed House of Doge Inc. (ticker: HODO) filed an 8-K form on October 23, disclosing multiple major matters: Leadership changes: Former CEO Marco Margiotta and CFO Charles Park resigned on October 22. The board of directors appointed Curtis Hopkins, CEO of McQueen Labs, as interim CEO and interim CFO. Termination of original Dogecoin official authorization: The company reached an agreement with the Dogecoin Foundation and MadeUpNumbers Ltd. to terminate the previously amended trademark license agreement. The company is required to change its corporate name by December 31, 2026, and cease using terms such as "official corporate arm" or "official business partner". It also signed a new non-exclusive trademark license agreement, limited to specified 21Shares Dogecoin-related products and new products approved in writing, with revenue sharing obligations. Asset transfer: The company transferred assets related to the Such App mobile application to ABJ Labs Inc. (doing business as Dogecoin Labs) in exchange for $4 million in Dogecoin Labs common stock (based on a $120 million pre-money valuation). The transaction has not yet closed. Proposed acquisition of McQueen Labs: The company signed a binding letter of intent with McQueen Labs to acquire its MCQ Markets token platform and microloan business. The consideration for the token platform is $15 million, primarily paid via stock (no more than 19.99% common stock plus 30% non-voting convertible preferred stock) and promissory notes. The company also noted it will evaluate a reverse stock split, financing plans, and brand restructuring.