PSQ Holdings entered into a $10 million convertible note agreement with a board member affiliate on August 13, 2024. The 9.75% notes, due 2034, are convertible to Class A common stock at $4.64 per share. The deal includes registration rights and a 12-month lock-up period for the purchaser.The funding aims to fuel PublicSquare's new payments business, capitalizing on demand from existing merchants. CEO Michael Seifert highlighted the company's focus on developing a cancel-proof payments ecosystem, with over $200M in annualized GMV already under contract and a target of $1B by the 2024 holiday season.PublicSquare operates in three segments: Marketplace, Financial Technology (including Credova and PublicSquare Payments), and Brands (EveryLife and PSQLink). The company positions itself as a commerce and payments ecosystem valuing life, family, and liberty, aiming to help consumers "shop their values."

PSQ Holdings entered into a $10 million convertible note agreement with a board member affiliate on August 13, 2024. The 9.75% notes, due 2034, are convertible to Class A common stock at $4.64 per share. The deal includes registration rights and a 12-month lock-up period for the purchaser.The funding aims to fuel PublicSquare's new payments business, capitalizing on demand from existing merchants. CEO Michael Seifert highlighted the company's focus on developing a cancel-proof payments ecosystem, with over $200M in annualized GMV already under contract and a target of $1B by the 2024 holiday season.PublicSquare operates in three segments: Marketplace, Financial Technology (including Credova and PublicSquare Payments), and Brands (EveryLife and PSQLink). The company positions itself as a commerce and payments ecosystem valuing life, family, and liberty, aiming to help consumers "shop their values."