NEWS
PublicSquare Formally Launches Payments Platform
PublicSquare (NYSE: PSQH) has formally launched its payments platform and announced several strategic initiatives. The company secured a $5.35 millionprivate 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.
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