Welcome to our dedicated page for PSQ Holdings news (Ticker: PSQH), a resource for investors and traders seeking the latest updates and insights on PSQ Holdings stock.
PSQ Holdings Inc (PSQH) operates the values-driven PublicSq platform, connecting consumers with businesses that share patriotic values through its innovative digital marketplace. This dedicated news hub provides investors and stakeholders with essential updates on corporate developments, financial performance, and strategic initiatives.
Access authoritative coverage of PSQH's dual revenue streams including marketplace advertising operations and consumer goods sales through its Brands segment. Stay informed about earnings announcements, partnership agreements, product launches, and leadership updates that impact the company's position in the values-based commerce sector.
Our curated collection features official press releases alongside verified news analysis, offering complete visibility into PSQH's operational milestones. Regular updates ensure you never miss critical information about platform enhancements, market expansion efforts, or financial disclosures.
Bookmark this page for continuous access to PSQ Holdings' latest developments. Check back frequently to monitor how the company continues to bridge ideological values with modern eCommerce solutions through its unique business model.
EveryLife, a subsidiary of PublicSquare (NYSE: PSQH), has donated over 600,000 diapers and 547,000 wipes to families affected by the Los Angeles wildfires. The donation was made possible through the company's 'Buy For a Cause' program and partnerships with the Robertson Family, PublicSquare, and LiveAction.
The distribution was coordinated with LA Dream Center, City Serve, and Convoy of Hope to ensure the essential baby products reach affected families. This initiative follows EveryLife's previous relief effort for Hurricane Helene victims, where they distributed over 1 million diapers.
PublicSquare (NYSE: PSQH) has successfully closed a registered direct offering of 7,813,931 shares of its Class A common stock. The shares were priced at $4.63 per share, generating gross proceeds of approximately $36.2 million. The offering closed on December 5, 2024, with Roth Capital Partners serving as the exclusive placement agent.
The company plans to utilize the net proceeds for general corporate purposes, including working capital. The final proceeds will be determined after deducting placement agent's fees and other offering expenses.
PSQ Holdings (NYSE: PSQH), known as PublicSquare, announced its congratulations to board member Kelly Loeffler on her nomination to serve as Administrator of the Small Business Administration (SBA). Michael Seifert, Chairman & CEO of PublicSquare, expressed enthusiasm for Loeffler's nomination by President Trump, highlighting her pro-freedom record in the Senate and her dedication to small businesses. Seifert emphasized that Loeffler's leadership and accomplishments as an entrepreneur make her a strong advocate for small business owners. PublicSquare, a leading marketplace focused on empowering liberty-minded small businesses, believes that Loeffler's appointment will benefit 'Main Street' America by providing experienced support for the backbone of the economy.
PSQ Holdings (NYSE: PSQH) has announced a registered direct offering of 7,813,931 shares of Class A common stock at $4.63 per share, aiming to raise approximately $36.2 million in gross proceeds. The offering, with Roth Capital Partners as exclusive placement agent, is expected to close around December 5, 2024. The company plans to use the net proceeds for general corporate purposes, including working capital. The offering is being made through a shelf registration statement that was declared effective on November 1, 2024.
PSQ Holdings (NYSE: PSQH) has appointed Donald Trump Jr. and Willie Langston to its board of directors, effective December 3, 2024. Both appointees are shareholders, with Trump Jr. investing before the IPO and Langston participating in the October 2024 PIPE offering.
The company, operating as PublicSquare, positions itself as America's leading commerce and payments ecosystem focused on life, family, and liberty. CEO Michael Seifert highlighted Trump Jr.'s experience in creating a 'cancel-proof' economy and his leadership in the shooting sports industry. Langston brings financial and capital markets expertise to help scale the company's operations.
PublicSquare aims to strengthen its position in the fintech space, particularly in firearms financing and payment processing, while building a networked marketplace for pro-America small businesses.
EveryLife, a subsidiary of PublicSquare (NYSE: PSQH), has donated over 3 million diapers and 2.5 million wipes since its launch in July 2023. The company's donation efforts were supported through its 'Buy For a Cause' program and partnerships with local churches, pregnancy resource centers, and organizations like City Serve and Convoy of Hope. The initiative demonstrates EveryLife's commitment to supporting families in need through their premium baby products business.
PublicSquare (NYSE: PSQH) reported its third quarter 2024 financial results, highlighting significant growth and strategic shifts.
Key points include:
- Net revenue of $6.5 million, a 222% YoY increase.
- Gross margin improved to 64%, up from 27% in Q3 2023.
- Signed contracts potentially yielding $1.0 billion in annualized GMV for payments.
- Completed $10.0 million convertible note private placement and $5.35 million PIPE transaction.
- Launched a cancel-proof payments platform, processing first merchant transactions.
- Strategic reorganization to focus on Fintech and B2B, reducing workforce by ~35%, expected to save $11.0 million annually.
The company aims to achieve positive cash flow by late 2025, driven by enhanced Fintech offerings and a B2B-centric model.
PublicSquare (NYSE: PSQH) has announced it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after market close. The company will host a conference call and webcast at 4:30 p.m. ET the same day to discuss the results. Investors can access the call through PublicSquare's investor relations website or by dialing (888) 210-4474 (domestic) or (646) 960-0693 (international) with conference ID #9605882. Questions for management can be submitted through Say Technologies platform starting November 5, 2024.
PublicSquare (NYSE: PSQH) has formally launched its payments platform and announced several strategic initiatives. The company secured a $5.35 million private investment in public equity (PIPE) at $2.70 per share to fund growth in its payments vertical. The company reports executed contracts that could potentially generate over $700 million in annualized payments processing GMV, with aims to reach $1.0 billion by Christmas. As part of organizational streamlining, PublicSquare reduced staff by over 35% to lower cash burn and focus on B2B sales. The company plans to modify its marketplace strategy and launch an affiliate fee-based offering in 2025.
Michael Seifert, CEO of PublicSquare, has joined a legal challenge alongside the Dr. James Dobson Family Institute against the EEOC and HHS. The lawsuit aims to protect religious freedoms and Christian business practices from government mandates. PublicSquare, America's leading commerce and payments ecosystem supporting businesses rooted in life, family, and freedom, operates with Christian principles throughout its operations.
Seifert's court declaration emphasizes PublicSquare's commitment to aligning its business and employment practices with Christian beliefs. The company, which hosts millions of consumers and over 80,000 vendors, refuses to provide coverage for abortion or gender-transition procedures. PublicSquare operates under three segments: Marketplace, Financial Technology (including Credova), and Brands (including EveryLife, a pro-life baby products company).
