PSQ Holdings (PSQH) has provided an announcement.
PSQ Holdings, Inc. has completed a strategic merger with Credova Holdings, Inc., where Credova now operates as a wholly-owned subsidiary of PSQ. This merger deal involved providing Credova shareholders with new Class A common stock shares of PSQ and placing a portion of these shares in escrow for indemnity claims. Additionally, Credova’s outstanding subordinated debt was exchanged for new notes or retired for cash. The successful closure of the merger has led to key executive appointments and the signing of various agreements including lock-up, non-competition, and registration rights agreements, all aimed at strengthening the combined entity’s market position and driving future growth.
See more insights into PSQH stock on TipRanks’ Stock Analysis page.
