PSQ Holdings closes $1.3M private placement with board participation

PSQ Holdings, Inc. (NYSE: PSQH) closed a private placement raising approximately $1.3 million in gross proceeds, with every eligible member of its board of directors participating, according to a company statement.

The company issued 361,388 shares of Class A common stock at $3.60 per share, a slight premium to the August 12, 2026 closing price of $3.58. No warrants or other derivative securities were included. Following the transaction, PSQ Holdings expects total issued and outstanding shares of 4,356,348.

Board member Donald Trump Jr. and the Pilot Family were among participants. Trump Jr. said in the statement that he has been an investor in the company since before it went public and is increasing his stake because "the mission and the numbers make sense."

Chief Executive Dusty Wunderlich described the raise as "the first capital we have raised since the business turned the corner on operations and trajectory towards cash flow positivity," adding that shares were issued with "no warrants, no reset provisions, no preferential terms for anyone."

The placement follows the company's previously announced agreement to sell its EveryLife unit for $5.5 million in cash, expected to close by September 30, 2026. Once complete, PSQ Holdings said it will operate solely as a payments and financial infrastructure company.

For the second quarter of 2026, the company reported net revenue from continuing operations of $7.1 million, up 108% year over year, and gross profit of $4.1 million at a 58% margin. Operating expenses fell 12% year over year in the quarter. Net cash used in operating activities was $2.3 million, an improvement of 52% year over year.

On July 29, 2026, the company affirmed full-year 2026 revenue guidance of approximately $32 million from continuing operations and said it expects to reach positive non-GAAP operating income for the year, with positive operating cash flow targeted for 2027.

Faegre Drinker Biddle & Reath LLP served as counsel for the company.

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