Summary by Moomoo AI
PSQ Holdings announced the appointment of Donald Trump Jr. and Willie Langston to its Board of Directors on December 3, 2024, following Omeed Malik's resignation. Trump Jr., an early investor, brings strategic business experience, while Langston offers financial acumen.On December 4, 2024, PSQ entered into a securities purchase agreement for a registered direct offering of 7,813,931 shares of Class A common stock at $4.63 per share, expecting to raise approximately $36.2 million in gross proceeds. The offering is set to close on December 5, 2024, with Roth Capital Partners acting as placement agent.The company plans to use the net proceeds for working capital and general corporate purposes. As part of the agreement, PSQ has agreed to certain restrictions on issuing shares and filing registration statements for 60 days following the closing. Directors and executives have also agreed to a 30-day lock-up period for their shares.