secwatch.observer — SEC 8-K summary
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Issuer:     PSQ Holdings, Inc. (PSQH)
CIK:        0001847064
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001213900-24-068547
Event type: debt
Sentiment:  positive
Materiality: 0.65
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024068547/0001213900-24-068547-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1847064/000121390024068547/ea0211329-8k_psqhold.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-068547

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