Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

PSQ Holdings shares dip on stock offering following Trump Jr. board addition

admin by admin
December 4, 2024
in Stock
0
PSQ Holdings shares dip on stock offering following Trump Jr. board addition
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

 

On Wednesday, PSQ Holdings, Inc. (NYSE: PSQH) experienced a significant decline in share price, dropping by 32% following the company’s announcement of a new stock offering. This comes after the company’s shares saw an extraordinary increase of 270% the previous day due to news that Donald Trump Jr. would be joining its board of directors.

Donald Trump Jr., the eldest son of President-elect Donald Trump, expressed his enthusiasm about his new role, emphasizing PublicSquare’s unique market position and commitment to the principles of liberty. He highlighted the company’s growing marketplace and payments ecosystem and pledged his dedication to the success of the company’s mission.

Today, PSQ Holdings disclosed its entry into definitive agreements for the sale of 7,813,931 shares of Class A common stock at $4.63 per share. The transaction is slated to generate gross proceeds of approximately $36.2 million in a registered direct offering. The closing of the offering is anticipated to occur around December 5, 2024, contingent upon the fulfillment of standard closing conditions.

Roth Capital Partners (WA:CPAP) has been selected as the sole placement agent for the offering, tasked with facilitating the sale of the shares.

The capital raised from this offering, estimated at $36.2 million before the deduction of placement agent fees and other related expenses, is intended for general corporate use. PSQ Holdings plans to allocate the net proceeds toward general corporate necessities, which include bolstering its working capital.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

 

This post appeared first on investing.com

Previous Post

AI to continue boosting US stocks next year, BlackRock says

Next Post

Canada’s RBC profit beats estimates on HSBC buy, wealth management strength

admin

admin

Next Post
Canada’s RBC profit beats estimates on HSBC buy, wealth management strength

Canada’s RBC profit beats estimates on HSBC buy, wealth management strength

Trending News

Is $150,000 really rich? Many high earners are living paycheck to paycheck

Is $150,000 really rich? Many high earners are living paycheck to paycheck

November 12, 2024
Here’s how HPE plans to dominate the AI server market

Here’s how HPE plans to dominate the AI server market

October 12, 2024
Bolivian bank Banco Bisa launches USDT custody service

Bolivian bank Banco Bisa launches USDT custody service

October 28, 2024
Subscribe to Insightful Word


    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025
    Starbucks shares slip after Jefferies downgraded the stock

    Starbucks shares slip after Jefferies downgraded the stock

    July 17, 2025
    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    US stocks open in the green: Dow Jones up 150 points, Nasdaq up 0.2%

    July 17, 2025

    Recent News

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports

    July 17, 2025
    Oracle stock price has surged, but beware of key risks

    Oracle stock price has surged, but beware of key risks

    July 17, 2025

    Latest News

    • Jaguar Land Rover to cut 500 UK jobs as US tariffs dent exports
    • Oracle stock price has surged, but beware of key risks
    • Starbucks shares slip after Jefferies downgraded the stock

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.