PSQ Holdings, an online commerce and payments company that describes itself as “valuing life, family and freedom,” saw its shares surge more than 270% on Tuesday amid news that Donald Trump Jr. is joining its board of directors. Was seen.
PSQ, based in West Palm Beach, Florida, operates PublicSquare, an e-commerce platform that offers a range of consumer goods and services. The company, which also sells baby products under the EveryLife brand, describes its mission as “connecting patriotic Americans with high-quality businesses that share their values both online and in their local communities.”
“With a rapidly growing marketplace and payments ecosystem, coupled with a results-driven management team based on the core principles our country was founded on, PublicSquare has a differentiated position in the marketplace,” Trump Jr. said in a statement. “The American people have reaffirmed the importance of freedom, and PublicSquare is at the forefront of this movement.”
one in News releasePublicSquare CEO Michael Seifert said Trump Jr., the son of President-elect Donald Trump, is focused on creating a “cancel-proof” economy. He also praised Trump Jr.'s business experience and highlighted his “leadership” in the shooting sports industry.
PSQ also announced that financial industry executive Willie Langston, a partner at Houston, Texas-based asset management and advisory firm Coriant, will join its board.
PSQ reports third quarter net profit in November Loss of $13.1 million on revenues of $6.5 million. The company's stock closed $5.57 higher at $7.63 on Monday, tripling PSQ's market value from about $72 million on Monday to more than $265 million by the close of trading on Tuesday.