PSQH subsidiary extends $10M credit facility to June 2025; interest rate raised to 14.5%

PSQ Holdings, Inc.

Amendment No. 5 extends funding termination date to June 30, 2025; interest rate increased to 14.5% per annum.
Advance rate on eligible receivables (<61 days past due) raised to 89%; new non-use fee of 0.50% p.a. on undrawn amounts above $5M.
Minimum quarterly interest payment of $175,000 introduced; delinquency trigger set at 15% three-month weighted average.
Concentration limits adjusted: no single state >20% of eligible receivables, no single seller >23% in any month.
Loan assumed in March 2024 Credova merger; amendment executed July 1, 2024.

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