PublicSq.’s Form S-1 Goes Effective with SEC
13 October 2023 - 7:15AM
Business Wire
PSQ Holdings, Inc. (NYSE: PSQH) (“Public Square”, “the
Company”), a leading marketplace of patriotic businesses and
consumers, today announced that the Securities and Exchange
Commission (“SEC”) has declared the Company’s resale registration
statement on Form S-1 effective as of October 12, 2023.
Michael Seifert, Founder, Chairman and Chief Executive Officer,
commented, “This is expected and normal course of business in
connection with our successful business combination and we are
pleased to have finalized the resale registration statement process
for the Form S-1 with the SEC as it is required by the terms of our
registration rights agreement.” Mr. Seifert continued, “Management
and insiders continue to be dedicated to building this business for
the long-term, and remain locked-up from selling any shares for up
to one year after the close of our business combination. In fact,
none of us have sold any shares to date.”
For additional clarity, PublicSq.’s Form S-1 does not register
any new or additional securities, other than shares issuable upon
exercise of existing warrants, and the filing of the Registration
Statement does not represent a follow-on offering.
The shares and warrants registered for resale on the Form S-1
were issued in connection with the Company’s business combination
with Colombier Acquisition Corp., which closed on July 19, 2023
(the “Business Combination”). The Form S-1 also registered the
shares issuable upon exercise of the existing warrants. Under the
terms of a registration rights agreement with the selling
securityholders entered into in connection with the Business
Combination, the Registration Statement was required to be
effective within the 60 business days following the closing date of
the Business Combination. Notwithstanding the effectiveness of the
Registration Statement, certain holders remain restricted from
selling any shares until the expiration of any lock-up agreements
entered into with the Company in connection with the Business
Combination.
For a table outlining the Company’s share count and more
information on the equity lock-up restrictions, please visit the
current investor presentation posted on the Investor Relations
website, found here
https://investors.publicsq.com/overview/default.aspx.
About PublicSq.
PublicSq. is an app and website that connects patriotic
Americans to high-quality businesses that share their values, both
online and in their local communities. The primary mission of the
platform is to help consumers “shop their values” and put purpose
behind their purchases. In just over one year since its nationwide
launch, PublicSq. has seen tremendous growth and proven to the
nation that the parallel, “patriotic” economy can be a major force
in commerce. The platform has over 65,000 businesses from a variety
of different industries and over 1.4 million consumer members.
Additionally, PublicSq. leverages data and insights from the
platform to assess its members’ needs and provide quality
wholly-owned products, such as EveryLife diapers and wipes, to fill
those needs. PublicSq. is free to join for both consumers and
business owners alike, and to learn more, download the app on the
App Store or Google Play, or visit PublicSq.com.
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ICR, Inc. investment@publicsq.com
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