secwatch.observer — SEC 8-K summary
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Issuer:     PSQ Holdings, Inc. (PSQH)
CIK:        0001847064
Form:       8-K
Filed at:   2024-07-08T23:59:59+00:00
Accession:  0001213900-24-059820
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024059820/0001213900-24-059820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024059820/ea0209053-8k_psq.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-059820

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