PSQ Holdings announced the closure of a $5.35 million PIPE transaction on October 24, 2024, selling shares at $2.70 each to three investors, including two board-related parties. The purchase price exceeded the 14-day average closing price, with investors agreeing to a 12-month lock-up period.The company formally launched its payments platform, reporting executed contracts that could potentially generate annualized payments processing GMV of over $700 million, with aims to reach $1 billion by the Christmas season. Additionally, PublicSquare implemented a strategic reorganization, reducing staff by over 35% to lower cash burn and focus on B2B sales.Looking ahead, PublicSquare plans to modify its marketplace to align with fintech goals, introducing an affiliate fee-based offering in 2025. The company aims to enhance its commerce and payments ecosystem while focusing on near-term profitability through its streamlined operations and bolstered cash position.

PSQ Holdings announced the closure of a $5.35 million PIPE transaction on October 24, 2024, selling shares at $2.70 each to three investors, including two board-related parties. The purchase price exceeded the 14-day average closing price, with investors agreeing to a 12-month lock-up period.The company formally launched its payments platform, reporting executed contracts that could potentially generate annualized payments processing GMV of over $700 million, with aims to reach $1 billion by the Christmas season. Additionally, PublicSquare implemented a strategic reorganization, reducing staff by over 35% to lower cash burn and focus on B2B sales.Looking ahead, PublicSquare plans to modify its marketplace to align with fintech goals, introducing an affiliate fee-based offering in 2025. The company aims to enhance its commerce and payments ecosystem while focusing on near-term profitability through its streamlined operations and bolstered cash position.