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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT
REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
July 28, 2025
PSQ Holdings, Inc.
(Exact name of registrant as specified in its
charter)
Delaware |
|
001-40457 |
|
86-2062844 |
(State or other jurisdiction
of incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification Number) |
313 Datura Street, Suite 200
West Palm Beach, Florida |
|
33401 |
(Address of principal executive
offices) |
|
(Zip Code) |
Registrant’s telephone number, including
area code: (877) 776-2402
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ¨ | Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ¨ | Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of
the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Class A common stock,
par value $0.0001 per share |
|
PSQH |
|
New York Stock Exchange |
Redeemable warrants, each
whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share |
|
PSQH.WS |
|
New York Stock Exchange |
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company x
If an emerging growth company, indicate by check
mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting
standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02. Departure of Directors or Certain Officers; Election
of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 28, 2025 (the
“Effective Date”), PSQ Holdings, Inc. (the “Company”) appointed Caitlin Long to the Company’s board
of directors (the “Board”) as an independent Class I director, effective immediately. Ms. Long will serve until
her term of office expires at the annual meeting of the Company’s stockholders in 2027, provided that she shall continue to serve
until her successor is duly elected and qualified, or until her earlier death, resignation or removal. Ms. Long has not been named
to any committee of the Board.
Ms. Long has extensive
experience in both traditional financial services and cryptocurrencies. She is the Chairman and Chief Executive Officer of Custodia Bank, Inc.,
a chartered bank that she founded in 2020. Custodia Bank aims to serve as a compliant bridge between the U.S. dollar and cryptocurrency
financial systems. Ms. Long has been active in Bitcoin since 2012. Beginning in 2017, she played a leading role in her native state
of Wyoming to enact more than 20 blockchain-enabling laws during consecutive legislative sessions. In 2018, she was appointed by two
Wyoming Governors to serve on related legislative committees. Prior to her work in the cryptocurrency space, Ms. Long worked at
investment banks in New York and Zurich from 1994 to 2016. During this time, she held senior roles, including as a Managing Director
at Morgan Stanley and Credit Suisse. Ms. Long holds a B.A. from the University of Wyoming and a joint J.D./M.P.P. degree from Harvard
Law School and Harvard Kennedy School of Government. She is also a member of the board of directors of Cipher Mining Inc.
In connection with Ms. Long’s
appointment to the Board, on the Effective Date, Ms. Long received a grant of 137,615 restricted stock units (“RSUs”)
(the “Initial Award”) pursuant to the Company’s 2023 Stock Incentive Plan (as amended from time to time, the “Plan”).
On the Effective Date, the Board also approved an annual grant of RSUs to Ms. Long with a grant date fair value of $150,000, to
be awarded pursuant to the Plan, beginning with the annual meeting of stockholders held in 2026 (the “Annual Awards”). The
Initial Award and the Annual Awards will vest as to 100% of the RSUs on the first anniversary of their respective grant dates, subject
to Ms. Long’s continued service as a director through the applicable vesting date.
In addition, for her service
on the Board, Ms. Long will receive an annual cash retainer of $40,000, payable in arrears in four equal quarterly installments
of $10,000, on the last day of the quarter (prorated for partial quarters of service).
There are no arrangements
or understandings between Ms. Long and any other persons pursuant to which Ms. Long was elected as a director of the Company.
Ms. Long has not engaged in any related person transactions (as defined in Item 404(a) of Regulation S-K) with the
Company. There are no family relationships between Ms. Long and any of the Company’s officers and directors.
Ms. Long will also enter
into the Company’s standard indemnity agreement for directors, a copy of which was filed as Exhibit 10.2 to the Company’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
Item 7.01 Regulation FD Disclosure.
On July 30, 2025, the
Company issued a press release announcing the appointment of Ms. Long to the Board. The press release is furnished as Exhibit 99.1
to this Current Report on Form 8-K and incorporated into this Item 7.01 by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit |
|
Description |
99.1 |
|
Press
Release, dated July 30, 2025 |
104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
|
PSQ Holdings, Inc. |
|
|
Date: July 30, 2025 |
By: |
/s/
Michael Seifert |
|
Name: |
Michael Seifert |
|
Title: |
Founder, Chairman and
Chief Executive Officer |