PSQ Holdings, Inc. (NYSE:PSQH) ("PublicSquare," or the "Company"), a leading marketplace of patriotic businesses and consumers, and Credova Holdings, Inc. ("Credova"), a point-of-sale financing platform providing Buy Now Pay Later (BNPL) solutions catered to the shooting sports and firearms industries, today announced having entered into and consummated transactions that are the subject of an Agreement and Plan of Merger dated as of March 13, 2024 ("Merger Agreement"), including the merger (the "Merger") of Credova with and into a wholly-owned subsidiary of the Company established to facilitate the transaction. In connection with the acquisition, PublicSquare exchanged approximately 2.9 million shares of newly-issued Company Class A common stock for all of the outstanding shares of Credova. Additionally, all of Credova's outstanding subordinated debt was canceled and either repaid or exchanged for newly-issued 10-year PublicSquare promissory notes, convertible into Company Class A common stock. Following the Merger, Credova is a wholly-owned subsidiary of the Company. Credova management, including its Chief Executive Officer, Dusty Wunderlich, have joined PublicSquare and will continue to run Credova's business as part of PublicSquare. Mr. Wunderlich is also expected to join PublicSquare's board of directors.
