WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare" or the "Company"), today announced that Dusty Wunderlich has been appointed CEO, effective immediately, as the Company continues its transition to core fintech businesses, including credit and payments. Mr Wunderlich was recently appointed Chairman of the Board of PublicSquare and will remain in that role. As part of this transition, Michael Seifert has stepped down as Chief Executive Officer and resigned from the Compan ...

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare" or the "Company"), today announced that the Company's next-generation fundraising platform, PSQ Impact, has been selected by the Donald J. Trump Presidential Library ("Trump Presidential Library†) as its chosen digital fundraising platform. This partnership marks a significant milestone in the Trump Presidential Library's ongoing efforts to expand its donor base and achieve ambitious fundraising goals in sup. ...

Compensation and Benefits - The Executive will serve as the Chief Operating Officer with a base salary of $300,000 per year[8] - The Executive is eligible for an annual discretionary performance bonus of up to 30% of the base salary, contingent on performance assessments[9] - The Executive will receive paid vacation and sick time, consistent with company policies[10] - The Company will reimburse the Executive for actual, necessary, and reasonable business expenses[13] - The Executive's base salary and bonus eligibility will be reviewed annually and may be increased at the Company's discretion[9] - The Company reserves the right to modify its benefits plans at its discretion[11] Termination and Severance - The Executive's employment can be terminated by the Company without cause or by the Executive with good reason, with specific severance benefits outlined[21] - In the event of termination during a Change in Control period, the Executive is entitled to six months of base salary and 1.25 times the target bonus[22] - The Executive must execute a separation and release of claims agreement to receive Severance Benefits, which will commence after the Release becomes effective[24] - Severance Benefits will not be paid before the first payroll of the subsequent calendar year if the termination occurs in the last 60 days of the year[24] - If the Executive's employment is terminated without Cause or with Good Reason prior to a Change in Control, unvested equity awards will remain outstanding for up to three months[24] Change in Control - A Change in Control is defined as an acquisition of more than 50% of the Company's common stock or voting securities by an individual or entity[26] - A merger or consolidation will not constitute a Change in Control unless certain conditions regarding ownership percentages are met post-transaction[26] Compliance and Agreements - The Executive must comply with the Company's Confidentiality Agreement as a condition of employment[14] - The Executive's employment is subject to termination for various causes, including misconduct or breach of agreement[16] - The Executive must resign from any board memberships or positions with the Company upon termination of employment[28] - The Agreement is governed by the laws of the State of Florida and disputes will be resolved through binding arbitration[33] - The Executive represents that they are not bound by any employment contracts or restrictions that would prevent them from fulfilling their responsibilities[29] - The Agreement does not alter the at-will nature of the Executive's employment, allowing either party to terminate the relationship at any time[36] - The Executive acknowledges having the opportunity to review the Agreement with an attorney and understands its terms[37] Contingent Compensation and Payments - The Company will not provide any portion of "Contingent Compensation Payments" if it results in "excess parachute payments" as defined in Section 280G of the Code[19] - The "Eliminated Amount" refers to the aggregate amount of Contingent Compensation Payments eliminated to avoid excess parachute payments[19] - No reduction in Contingent Compensation Payments will occur if the Eliminated Amount exceeds 100% of the aggregate present value of additional taxes incurred by the Executive[19] - The Company must notify the Executive within 30 days of determining which Potential Payments constitute Contingent Compensation Payments and the Eliminated Amount[48] - If the Executive disagrees with the Company's determination, they must respond within 30 days, detailing their position on the Potential Payments[49] - Payments characterized as Eliminated Payments will be reduced in a specific order: cash payments, taxable benefits, nontaxable benefits, and equity awards[53] Clawback Policy and Compliance - The Clawback Policy requires the Executive to return any payments if mandated by applicable laws or regulations[56] - The Agreement constitutes the entire agreement between the Parties, superseding all prior agreements[57] - The Company makes no representation regarding compliance with Section 409A and will not be liable for any non-compliance[67] - The Agreement is intended to comply with or be exempt from Section 409A and will be interpreted accordingly[68]

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare" or the "Company"), today announced updates to its Board and executive leadership structure intended to delineate board oversight, enhance operational focus, and position the Company for its next phase of growth as a scaled public fintech platform. The Company also announced preliminary fourth-quarter 2025 revenue estimates and reaffirmed its full-year 2026 revenue guidance. "These leadership updates reflect PublicSquare' ...

Core Insights - Premarket trading is showing notable activity with significant price movements indicating potential investment opportunities before the market opens [1] Premarket Gainers - WhiteFiber, Inc. (WYFI) is up 21% at $17.35 [3] - Rising Dragon Acquisition Corp. (RDAC) is up 21% at $12.63 [3] - Julong Holding Limited (JLHL) is up 13% at $3.45 [3] - Linkhome Holdings Inc. (LHAI) is up 11% at $12.50 [3] - A SPAC III Acquisition Corp. (ASPC) is up 9% at $13.09 [3] - Intuitive Machines, Inc. (LUNR) is up 7% at $11.61 [3] - Ascent Solar Technologies, Inc. (ASTI) is up 7% at $3.31 [3] - Bitmine Immersion Technologies, Inc. (BMNR) is up 6% at $30.39 [3] - Velo3D, Inc. (VELO) is up 5% at $12.10 [3] - Gain Therapeutics, Inc. (GANX) is up 4% at $2.36 [3] Premarket Losers - cbdMD, Inc. (YCBD) is down 17% at $1.60 [4] - Mega Fortune Company Limited (MGRT) is down 16% at $7.33 [4] - Cassava Sciences, Inc. (SAVA) is down 14% at $2.43 [4] - NIKE, Inc. (NKE) is down 10% at $59.01 [4] - InMed Pharmaceuticals Inc. (INM) is down 6% at $1.21 [4] - Datacentrex, Inc. (DTCX) is down 5% at $3.23 [4] - Abundia Global Impact Group Inc (AGIG) is down 5% at $1.50 [4] - PSQ Holdings, Inc. (PSQH) is down 5% at $1.00 [4] - Paranovus Entertainment Technology Ltd. (PAVS) is down 4% at $2.34 [4] - Worksport Ltd. (WKSP) is down 4% at $2.09 [4]

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) ("PublicSquare†or the "Company†) announced today that it has entered into a definitive agreement with an existing fundamental institutional investor for the purchase and sale of an aggregate of 6,818,184 shares of its Class A common stock (or pre-funded warrants in lieu thereof) and accompanying warrants to purchase up to an aggregate of 8,522,730 shares of Class A common stock (the "Shares†) at a combined purchase price p. ...

Core Insights - PublicSquare is acquiring key software assets from Tandym to enhance its fintech ecosystem, focusing on virtual and private label credit cards [1][2][3] Acquisition Details - The acquisition is a strategic move to evolve PublicSquare into a full-stack fintech platform, expected to close in December 2025 [2] - The deal involves Class A Common Stock valued at $5.75 million and up to $1.0 million in cash [11] Financial and Strategic Impact - The acquisition will enable brands within PublicSquare's network to launch fully branded payment and credit card programs, reducing processing fees to under 1% [5][6] - It is projected to increase Lifetime Value (LTV) by over 25% and unlock new recurring revenue through interchange participation [5] - The integration is expected to enhance merchant retention and create a closed-loop payments environment, improving underwriting and loyalty analytics [5][6] Technology and Integration - Tandym's technology allows merchants to issue digital store cards under their brand, ensuring a consistent customer experience [10] - The platform integrates with major e-commerce platforms like Shopify and Klaviyo, facilitating seamless adoption and creating network effects [9][10] Market Positioning - The acquisition positions Tandym as a branded-payments layer for the next generation of commerce, addressing merchant margin compression and rising customer acquisition costs [8][9] - PublicSquare aims to transform payments into a high-margin growth engine for its merchant partners, focusing on values-aligned relationships [3][7]

Financial Performance - For the three months ended September 30, 2025, the company's net loss was $12.0 million, a decrease of $1.1 million compared to a net loss of $13.1 million for the same period in 2024[133]. - For the nine months ended September 30, 2025, the net loss was $24.8 million, down $12.1 million from $36.9 million in the same period in 2024, driven by a $4.3 million increase in revenues[133]. - The net loss for the three months ended September 30, 2025, was $11,982,888, a 9% improvement compared to a net loss of $13,137,549 in the same period in 2024[161]. - The company reported net losses of $24.8 million for the nine months ended September 30, 2025, compared to $36.9 million in 2024[182]. - Non-GAAP operating loss for the nine months ended September 30, 2025, was $7.8 million, compared to $0.5 million in 2024[191]. Revenue and Growth - For the three months ended September 30, 2025, revenues increased to $4,404,861, a 37% increase compared to $3,207,408 in the same period in 2024[161]. - For the nine months ended September 30, 2025, revenues increased to $10,887,521, a 66% increase compared to $6,552,433 in the same period in 2024[162]. - The company expects increased revenues from investments in its FinTech segment in the medium term, despite short-term negative cash flow impacts[183]. Gross Merchandise Volume (GMV) - Gross merchandise volume (GMV) for the Financial Technology segment was $11.0 million for the three months ended September 30, 2025, representing a 29% decrease compared to $15.5 million in 2024[153]. - GMV for the nine months ended September 30, 2025, was $33.2 million, a 27% decrease from $45.7 million in the same period in 2024[154]. - The company's top five merchants represented approximately 58% of total GMV - Credit for the nine months ended September 30, 2025, up from 42% in the same period in 2024[155]. - GMV - Credit declined year-over-year due to a slowdown in the firearm retail industry, with some merchant partners reporting sales down more than 20% year-over-year[156]. - PSQ Payments generated $89.2 million in GMV for the three months ended September 30, 2025, representing a 100% change compared to zero in the same period in 2024[158]. Expenses and Cost Management - Cost of revenue (exclusive of depreciation and amortization) increased by 1284% for the three months ended September 30, 2025, attributed to an increase in transaction fees from the launch of PSQ Payments[166]. - General and administrative expenses decreased by $2.3 million, or 22%, for the three months ended September 30, 2025, due to reductions in share-based compensation and operating costs[168]. - Research and development expenses increased by $0.8 million, or 204%, for the three months ended September 30, 2025, driven by increased employee compensation[172]. - Research and development expenses are anticipated to increase in absolute dollars as the company focuses on developing its PSQ Payments and PSQ Impact ecosystems[144]. - The company expects operating expenses to increase in absolute dollar amounts but decline as a percentage of revenue over time due to cost-saving measures[141]. Cash Flow and Financing - Net cash used in operating activities decreased by $9.8 million to $17.4 million for the nine months ended September 30, 2025, compared to $27.1 million in 2024[186]. - Net cash used in investing activities increased to $7.7 million for the nine months ended September 30, 2025, from $0.9 million in 2024[187]. - Net cash provided by financing activities decreased to $0.8 million for the nine months ended September 30, 2025, compared to $17.3 million in 2024[188]. - The company had aggregate unrestricted cash and cash equivalents of $10.6 million as of September 30, 2025, down from $33.6 million at the end of 2024[182]. - The company may need to pursue additional equity raises and debt financing to support future capital requirements[184]. Strategic Initiatives - A strategic repositioning was announced on August 12, 2025, focusing on accelerating growth in the FinTech segment and monetizing the Brands segment[132]. - The company is expanding into new retail verticals and developing innovative financial products to strengthen future growth[157]. - The company appointed Caitlin Long to its Board of Directors on July 28, 2025, enhancing its expertise in digital assets and financial technology[131]. Market Trends - U.S. firearm sales fell for the fourth consecutive year in 2024, totaling approximately 15.2 million adjusted background checks, a 3.5% decline from 2023[156]. - The company recorded a $0.7 million increase in interest income earned for the nine months ended September 30, 2025[133]. - Interest expense, net increased by $1.2 million for the nine months ended September 30, 2025, compared to the same period in 2024[180].

Financial Data and Key Metrics Changes - The company reported net revenue from continuing operations of $4.4 million for Q3 2025, a 37% year-over-year increase compared to $3.2 million in Q3 2024 [8] - The net loss for the quarter was $12 million, improving from a loss of $13.1 million in Q3 2024, with a per share loss of $0.26, a 37% improvement from $0.41 per share in the prior year [11] - Operating expenses decreased by 13% compared to the prior year period, with general and administrative expenses reduced by $2.3 million, or 22.3% [5][10] Business Line Data and Key Metrics Changes - FinTech revenue increased by 28% quarter over quarter, with payments revenue up 50% and credit revenue up 22% [4] - The FinTech segment earned $4.4 million in net revenue, a 37% increase year-over-year, with $1.5 million from PSQ Payments, marking a 50% increase from Q2 2025 [9] - Credit business revenue increased by $500,000, or 22% quarter over quarter, reaching $2.9 million in Q3 [9] Market Data and Key Metrics Changes - The company is expanding its FinTech platform with new services, including private label credit cards and crypto payment capabilities, to capture significant market opportunities [6] - The company has seen a diverse range of merchants joining its FinTech offering, expanding beyond niche markets [33] Company Strategy and Development Direction - The company is focused on streamlining its operations and doubling down on its FinTech charter, aiming to build a parallel economic ecosystem [17] - The strategy includes leveraging AI and proprietary economic modeling to enhance its bundled checkout offerings [17] - The company anticipates a strong Q4 driven by the Christmas shopping season and plans to launch new initiatives, including a fundraising platform [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to maintain operational discipline while scaling the business, aiming for long-term shareholder value [16] - The company is optimistic about the upcoming Christmas shopping season and expects to exceed expectations in Q4 [17] Other Important Information - The company is in the process of monetizing its brand segment and anticipates reaching a purchase agreement by the end of Q4 2025 [13] - Cash and restricted cash as of September 30, 2025, totaled $12.3 million, with net cash used for operating activities decreasing by $9.7 million year-to-date [12] Q&A Session Summary Question: Can you talk about the bundling and its impact on retention? - Management noted that the majority of enterprise clients utilize bundled services, enhancing retention due to deeper integration into clients' operations [20][21] Question: What is the basis for the 2026 revenue guidance? - The guidance is based on existing products and conservative projections, with new verticals not heavily factored in [24][25] Question: What is driving the momentum in top-line growth? - The majority of growth is attributed to new customer acquisition and improved onboarding efficiency [28][29] Question: How is management balancing new initiatives with achieving steady earnings? - Management emphasized a focus on operating efficiency and execution to drive revenue while reducing losses [35][36] Question: Update on monetization efforts and crypto initiatives? - Management confirmed progress on monetizing EveryLife and establishing a treasury via a partnership with IDX, with updates expected in Q4 [39][40]

Revenue Performance - Net revenue for Q3 2025 was $4.4 million, a 37% increase from $3.2 million in Q3 2024[5] - Fintech revenue increased by 28%, credit revenue by 22%, and payments revenue by 50% quarter over quarter[1] - Revenues for the three months ended September 30, 2025, were $4,404,861, representing a 37.3% increase from $3,207,408 in the same period of 2024[19] - Fourth quarter 2025 revenue is expected to be approximately $6.0 million, with payments at $2.4 million and credit at $3.6 million[12] - Full year 2026 revenue guidance is set at greater than or equal to $32.0 million[12] Operating Expenses and Losses - Operating expenses decreased by $1.7 million, or 13%, compared to the prior year period[5] - Operating loss for the three months ended September 30, 2025, was $(9,696,099), slightly better than the $(10,261,973) loss reported for the same period in 2024[19] - The net loss for the nine months ended September 30, 2025, was $24,796,213, compared to a net loss of $36,949,626 for the same period in 2024, indicating a 32.8% improvement[20] - GAAP operating loss for the nine months ended September 30, 2025, was $(24,213,839), a decrease from $(32,320,280) in the same period of 2024, showing a 25.1% improvement[28] - Non-GAAP operating loss for the nine months ended September 30, 2025, was $(7,801,292), compared to $(539,570) in 2024, indicating a significant increase in losses[28] Cash and Cash Equivalents - As of September 30, 2025, cash and cash equivalents totaled $12.3 million[11] - Cash and cash equivalents at the end of the period were $12,336,372, up from $5,675,766 at the end of September 30, 2024[20] - Cash used in operating activities for the nine months ended September 30, 2025, was $(17,368,971), an improvement from $(27,127,434) in the same period of 2024[20] - Net cash used in operating activities improved to $(4,705,036) from $(5,506,495), reflecting a 14.5% reduction in cash outflow[24] - Net cash used in investing activities decreased significantly to $(347,596) from $(2,103,773), a reduction of 83.5%[24] Research and Development - The company incurred research and development expenses of $1,241,669 for the three months ended September 30, 2025, compared to $408,313 in the same period of 2024, reflecting a 204.5% increase[19] Share-Based Compensation - The company reported share-based compensation of $7,975,726 for the nine months ended September 30, 2025, compared to $16,855,006 for the same period in 2024, indicating a decrease of 52.7%[20] - Share-based compensation expense for the nine months ended September 30, 2025, was $(7,975,726), down from $(15,967,598) in 2024, reflecting a 50.1% decrease[28] Assets and Liabilities - Total current assets held for sale increased to $9,597,933 from $6,421,907, representing a 49.5% increase year-over-year[23] - Total liabilities held for sale rose to $3,643,938, up from $1,772,147, indicating a 105.0% increase compared to the previous year[23] - Total assets held for sale decreased to $9,597,933 from $11,484,149, a decline of 16.4%[23] Future Plans and Developments - The company plans to expand its fintech platform with new services, including private-label credit cards and crypto payment capabilities[4] - The company is engaged in monetizing its Brands and Marketplace segments, with a sales process expected to reach agreement by the end of Q4 2025[9] Deferred Revenue - Deferred revenue increased significantly to $1,839,524 from $53,671, marking a substantial growth of 3,327.5%[23]