Colombier Acquisition in an 8-K included an investor presentation highlighting its proposed merger with PublicSq., a marketplace that connects who it describes as “freedom-loving” Americans.
Terms call for PublicSq. investors to receive $200 million in newly issued shares. If approved, PSQ Holdings would trade on the NYSE under the symbol PSQH.
PublicSq. offers an app and web experiences that enable consumers to purchase from companies aligned with their values, according to the presentation. The company launched in July 2022.
Announced in February, the deal is still expected to close in the third quarter. The transaction is expected to provide up to $158.5 million in cash to PublicSq. to fund growth and expansion into new revenue streams, assuming no redemptions. The target’s shareholders are rolling 100% of their combined equity into the merged company. Read more.
