secwatch.observer — SEC 8-K summary
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Issuer:     PSQ Holdings, Inc. (PSQH)
CIK:        0001847064
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001213900-24-022353
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.01, 2.02, 2.03, 3.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PSQ Holdings completes acquisition of Credova; issues $10M convertible notes
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- Acquired Credova for 2,920,993 shares of Class A common stock; 10% held in escrow for 12 months for indemnity.
- Issued $8.45M of 9.75% convertible replacement notes to Credova noteholders, convertible at ~$4.64 per share.
- Entered $10M convertible note purchase agreement with affiliates of a board member; 9.75% rate, similar conversion terms.
- Appointed Dusty Wunderlich as Class II director and President of Credova; James Giudice as General Counsel.
- Lock-up agreements restrict trading of shares and notes for 12 months post-closing; registration rights granted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024022353/0001213900-24-022353-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024022353/ea0201600-8k_psqhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-022353

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer