M&A - PSQ Holdings, Inc.

Form Type: 10-K

Filing Date: 2025-03-13

Corporate Action: Merger

Type: New

Accession Number: 000162828025012592

Filing Summary: On March 13, 2024, PSQ Holdings, Inc. entered into a merger agreement with Credova Holdings, Inc. as per the Credova Merger Agreement. This merger involved the complete assimilation of Credova into PSQ, with Credova becoming a wholly-owned subsidiary of PSQ. Following the merger, each share of Credova was converted into a right to receive newly-issued shares of PSQ's Class A common stock. In total, Credova's stockholders received 2,920,993 newly-issued shares as consideration for the merger, which included an escrow provision for indemnity claims based on 10% of that amount. The agreement signified an important step in expanding PSQ's portfolio in the technology-enabled marketplace and payments ecosystem, catering to consumers and merchants aligning with the company’s mission related to life, family, and liberty.

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