PSQ Holdings, an online commerce and payments company that says it “values life, family and freedom,” saw its stock soar more than 270% on Tuesday after news that Donald Trump Jr. would join its board of directors. did.
PSQ is based in West Palm Beach, Florida and operates PublicSquare, an e-commerce platform offering a variety of consumer goods and services. The company, which also sells baby products under the EveryLife brand, describes its mission as “connecting patriotic Americans with quality businesses that share our values both online and in our local communities.” Masu.
Trump Jr. said in a statement: “With a rapidly growing market and payments ecosystem, Public Square, coupled with a results-driven management team, has a clear market position based on our nation’s core tenets.” said. “Americans recognize the importance of freedom, and Public Square is at the forefront of this movement.”
In a news release, Public Square CEO Michael Seifert said Trump Jr., the son of President-elect Donald Trump, is focused on building a “no-cancellation” economy. said. He also touted Trump Jr.’s business experience and emphasized his “leadership” in the shooting sports industry.
PSQ also announced that financial industry executive Willie Langston, a partner at Corient, a Houston, Texas-based wealth management and advisory firm, will be joining its board of directors.
In November, PSQ reported a third-quarter net loss of $13.1 million on revenue of $6.5 million. The company’s stock rose $5.57 on Monday to close at $7.63, and PSQ’s market value more than tripled from about $72 million on Monday to more than $265 million by Tuesday’s close.
