Welcome to our dedicated page for PSQ Holdings SEC filings (Ticker: PSQH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for PSQ Holdings, Inc. (PublicSquare, NYSE: PSQH) provides access to the company’s official regulatory disclosures as an emerging growth company listed on the New York Stock Exchange. These documents include current reports on Form 8-K, periodic reports, and registration statements that describe PublicSquare’s financial technology activities, capital structure, and material events.
In its filings, PublicSquare explains that it is a financial technology company building an ecosystem of financial solutions for consumers and businesses, with a focus on values-aligned payments and credit. Investors can review disclosures about its PSQ Payments platform, which the company describes as cancel-proof and built on tokenization, secure wallet technology, and redundancy, as well as information about its credit operations, loans held for investment, lease receivables, and GMV metrics used to assess transaction volume.
Forms 8-K detail a range of topics, including leadership and governance changes, capital-raising transactions through registered direct offerings of Class A common stock, pre-funded warrants, and common warrants under a shelf registration statement on Form S-3, and updates on strategic transactions such as proposed and terminated asset purchase agreements. Other filings explain the company’s decision to classify its Brands and Marketplace segments as discontinued operations while it focuses continuing operations on its fintech segment.
Through this page, users can see how PublicSquare discusses risk factors, such as its limited operating history, the challenges of achieving profitability, regulatory considerations, and its plans to reposition into a fintech-forward business. Stock Titan enhances these filings with AI-powered summaries that highlight key points from lengthy documents, making it easier to understand items like revenue definitions, segment reporting, capital structure changes, and the implications of material agreements or investigations. Real-time updates from EDGAR, combined with AI explanations, help readers interpret complex language in 8-Ks, registration statements, and other SEC documents related to PSQH.
PSQ Holdings, Inc. reported strong preliminary results for 2025 while disclosing a listing compliance issue with the New York Stock Exchange. The company highlighted preliminary fourth-quarter revenue growth of 109%, full-year revenue growth of 81%, and a 27% reduction in full-year operating expenses, all excluding discontinued operations. Management also cited a 43% reduction in net loss and tighter cash discipline, emphasizing improved unit economics and lower cash burn as it scales its payments and financial infrastructure platform.
Separately, PSQ received notice from the NYSE on February 10, 2026 that it is not in compliance with listing standards for minimum total market capitalization, stockholders’ equity, and average share price. The stock is not being immediately delisted. PSQ plans to submit a business plan within 45 days to regain compliance with the market capitalization and equity standard within 18 months and has up to six months to meet the minimum $1.00 average closing share price requirement.
Alyeska Investment Group and related entities report beneficial ownership of 4,424,571 shares of PSQ Holdings, Inc. Class A common stock, representing 9.9% of the class. The group reports no sole voting or dispositive power and shared power over all reported shares.
Their position includes 3,862,102 shares of common stock, pre-funded warrants to purchase 5,018,184 shares, and additional warrants to purchase 8,522,730 shares, all subject to a 9.9% beneficial ownership cap. As of December 31, 2025, they may exercise warrants for up to 562,469 shares, based on 44,692,639 shares outstanding.
The filers certify the holdings were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of PSQ Holdings.
PSQ Holdings, Inc. announced that founder Michael Seifert resigned as President, Chief Executive Officer, and director effective January 27, 2026, and the board appointed Dusty Wunderlich as the new Chief Executive Officer the same day. In connection with his departure, Seifert entered into a separation agreement under which he forfeited 1,000,000 shares of Class C common stock, accepted a 24-month non‑compete and non‑solicitation, and agreed to an 18‑month lockup on his remaining capital stock, limiting sales to 50,000 shares per month and 10,000 per day, subject to exceptions.
Because Seifert beneficially owns all Class C shares and currently controls approximately 50.63% of the company’s voting power, his resignation triggers an automatic conversion of all outstanding Class C shares into Class A shares at 5:00 p.m. New York City time on February 27, 2026. After this conversion, he will no longer hold majority voting control, PSQ will lose its “controlled company” status under NYSE rules, and it must transition to a majority‑independent board and fully independent nominating and compensation committees within prescribed NYSE timelines, with potential NYSE delisting risk if it fails to comply. The board size will be reduced from ten to nine directors.
PSQ Holdings, Inc. filed an initial insider ownership report for Chief Operations Officer Michael D. Perkins. The filing shows he beneficially owns 1,830 shares of Class A common stock directly. The form does not list any options, warrants, or other derivative securities, indicating only common stock ownership is reported at this time.
PSQ Holdings, Inc. reported board and executive leadership changes effective January 6, 2026. Dusty Wunderlich stepped down as Chief Strategy Officer to become Chairman of the Board, replacing Michael Seifert, who remains President and Chief Executive Officer. The Board also created a new Lead Independent Director role and appointed Blake Masters.
Wunderlich’s chairman compensation includes a $160,000 annual cash retainer plus two annual restricted stock unit grants valued at $150,000 each. Blake Masters will receive an additional annual RSU grant valued at $150,000 for his new role.
Michael Hebert moved from Chief Operating Officer to Senior Vice President, People, and Michael Perkins was appointed Chief Operating Officer. Perkins’ employment agreement provides a $300,000 base salary, eligibility for an annual discretionary bonus of up to 30% of base salary, and defined severance and change‑in‑control benefits, including salary, bonus-related payments, and up to six months of COBRA health coverage under specified termination scenarios. The company also issued a press release with preliminary financial and operating estimates for the quarter and year ended December 31, 2025.
PSQ Holdings, Inc. entered into an agreement with an existing institutional investor for a registered direct offering of Class A common stock and warrants, raising gross proceeds of approximately $7.5 million. The deal includes 1,800,000 shares of common stock, pre-funded warrants to purchase 5,018,184 shares, and common warrants to purchase 8,522,730 shares, all priced at a combined $1.10 per share (or per pre-funded warrant and accompanying common warrant). Common warrants have a $1.18 exercise price and become exercisable six months after issuance for six years, while pre-funded warrants have a $0.0001 exercise price and are exercisable immediately.
The securities are issued off an effective shelf registration statement, with Roth Capital Partners acting as placement agent and receiving a 6.0% cash fee on gross proceeds. The company plans to use net proceeds for working capital and general corporate purposes. The company agreed to a 90-day restriction on most new equity issuances and variable rate transactions, and directors and executive officers agreed to a 30-day lock-up on sales of Class A common stock, subject to customary exceptions.
PSQ Holdings, Inc. is conducting a registered direct offering of 1,800,000 shares of Class A Common Stock, 5,018,184 pre-funded warrants, 8,522,730 common warrants, and up to 13,540,914 shares of Class A Common Stock issuable upon exercise of those warrants. The securities are priced at a combined $1.10 per share or pre-funded warrant plus accompanying common warrants, for a total offering size of about $7.5 million and net proceeds of approximately $6.9 million before any warrant exercises.
Each share or pre-funded warrant is sold with 1.25 common warrants, which become exercisable six months after issuance at $1.18 per share and expire six years after issuance. Pre-funded warrants have a de minimis exercise price of $0.0001 and are used so certain buyers can avoid exceeding 4.99% or, at their election, 9.99% ownership thresholds. After this offering, PSQH expects 51,510,823 Class A shares outstanding, assuming all pre-funded warrants are exercised and no common warrants are exercised.
The company’s Class A Common Stock trades on the NYSE under “PSQH.” PSQ Holdings expects to use the net proceeds primarily for general corporate purposes and working capital. There will be no trading market for the new pre-funded or common warrants, which may limit their liquidity.
PSQ Holdings, Inc. filed an amended report to correct a clerical error in previously disclosed activity for its Credova credit business during the four-day Black Friday through Cyber Monday period in 2025. The company now states that Credova entered into 1,606 loan and lease contracts in 2025, rather than 1,066 as previously reported.
The corrected disclosure shows that during this period, PSQ Payments processed Gross Merchandise Volume (GMV) of $7.8 million, up from $1.2 million in 2024, an increase of approximately $6.5 million, or 536%. Credova’s GMV for the same period was $1,238,000, compared with $706,000 in 2024, an increase of about $533,000, or 75%. The number of Credova contracts increased by 675, or 73%, from 931 in 2024 to 1,606 in 2025. Other aspects of the earlier report remain unchanged.
PSQ Holdings reported sharp growth in transaction activity over the 2025 Black Friday through Cyber Monday period. Gross Merchandise Volume (GMV) on its PSQ Payments business rose to $7.8 million from $1.2 million in 2024, an increase of about $6.5 million, or 536%. GMV processed by its Credova credit business increased to $1,238,000 from $706,000, a 75% gain, and the number of Credova loan and lease contracts also grew year over year.
The company uses GMV to track the total dollar value of transactions across its Financial Technology segment, net of refunds, but emphasized that GMV does not represent revenue. Management noted that these GMV and contract figures are preliminary, unaudited, based on internal data and estimates, cover only a partial period, may be adjusted, and are not necessarily indicative of results for the full period ending December 31, 2025.
PSQ Holdings, Inc. terminated its Asset Purchase Agreement with Tandym, Inc. on December 9, 2025 after key closing conditions were not met by the December 8, 2025 drop-dead date.
The agreement would have transferred certain Tandym assets to PSQ Holdings, including all of Tandym’s intellectual property, related rights and specified contracts. Certain rights and obligations for each party continue in line with the contract terms, but the planned asset transfer will not proceed, and no termination fees were assessed on either party.