PSQ Holdings secures $10M convertible note from board affiliate to fund payments business

PSQ Holdings, Inc.

Convertible note bears 9.75% interest, matures 2034, base conversion price $4.63641 per share.
Proceeds to fuel expansion of new payments business; over $200M annualized GMV already under contract.
Notes are convertible at holder's option or company under certain conditions; lock-up and hedging restrictions for 12 months.
CEO targets $1B annualized GMV by start of 2024 Christmas shopping season.
Private placement with Fountain Ripple V, LLC, affiliate of a board member.

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