---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-015556"
form_type: "8-K"
ticker: "PSQH"
cik: "0001847064"
company_name: "PSQ Holdings, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:45:49.070308+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Colombier Acquisition Corp. signs merger agreement with PSQ Holdings, Inc. for $200M

## Summary
- Merger consideration of $200M in newly issued Colombier common stock, subject to adjustments for PSQ's closing debt net of cash.
- PSQ earnout participants eligible for up to 3M additional shares if volume-weighted average price hits $12.50, $15.00, or $17.50 within five years.
- Founder Michael Seifert receives Class C common stock with super voting rights (votes equal to outstanding Class A shares plus 100).
- Sponsor support agreement includes forfeiture of 1% of founder shares for each 1% of redemptions above 80% of shares outstanding.

## SEC filing metadata
- accession: 0001213900-23-015556
- form_type: 8-K
- ticker: PSQH
- cik: 0001847064
- company_name: PSQ Holdings, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1847064/000121390023015556/0001213900-23-015556-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1847064/000121390023015556/ea174289-8k425_colombier.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-015556
- JSON: https://secwatch.observer/filing/0001213900-23-015556.json
- Plain text: https://secwatch.observer/filing/0001213900-23-015556.txt

## Key facts
- Material Agreements
  PSQ Holdings, Inc. entered into Agreement and Plan of Merger with Colombier Acquisition Corp., Colombier-Liberty Acquisition, Inc., Colombier Sponsor, LLC, and PSQ Holdings, Inc. valued at Merger consideration of up to $200 million plus earn-out shares up to 3,000,000 shares subject to pr (effective 2023-02-27).
  - Action: entry
  - Agreement: merger
  - Counterparty: Colombier Acquisition Corp., Colombier-Liberty Acquisition, Inc., Colombier Sponsor, LLC, and PSQ Holdings, Inc.
  - Value: Merger consideration of up to $200 million plus earn-out shares up to 3,000,000 shares subject to pr
  - Effective: 2023-02-27
  source text: Item 1.01 Entry Into A Material Definitive Agreement. Merger Agreement On February 27, 2023, Colombier Acquisition Corp., a Delaware corporation (“ Colombier ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) by and among Colombier, Colombier-Liberty Acquisition, Inc., a Delaware corporation and a wholly owned subsidiary of Colombier (“ Merger Sub ”), Colombier Sponsor, LLC, a Delaware limited liability company, in the capacity as Purchaser representative (solely for purposes of certain sections of the Merger Agreement), and PSQ Holdings, Inc., a Delaware corporation (“ PSQ ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1847064/000121390023015556/0001213900-23-015556-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.