What's Going On With PublicSq (PSQ Holdings) Stock Today?
PSQ Holdings, Inc. (PublicSq.) (NYSE:PSQH) shares are moving with volatility and heavy volume. Trading of PublicSq.'s shares of Class A common stock commenced on Thursday under the symbol PSQH.
What To Know:
On Wednesday, PublicSq. and Colombier Acquisition Corp. announced the successful completion of their previously announced business combination. As part of the business combination, a wholly-owned subsidiary of Colombier merged with and into PSQ Holdings, Inc., with PSQ Holdings, Inc. continuing as a wholly-owned subsidiary of Colombier, and was renamed "PublicSq. Inc.," and Colombier was renamed "PSQ Holdings, Inc."
At market open on Thursday, the newly combined company's ticker symbol switched from CLBR to PSQH for PSQ Holdings shares of Class A common stock.
Michael Seifert, CEO of PublicSq., commented, "Today, PublicSq. has reached a true milestone, and the best part is we are just getting started ... We are ready to begin our next phase of growth as a public company, and I want to congratulate the entire PublicSq. team on this achievement."
PublicSq. and Colombier Acquisition have received much attention this week amid the SPAC merger and new ticker listing on the New York Stock Exchange. Social media activity has fueled rumors of a possible contract with Tucker Carlson and a tweet from Donald Trump, Jr. asked his followers to support Colombier Acquisition and its previous symbol, CLBR.
Trading of PSQH has been halted multiple times on Thursday, and the stock is currently up more than 35%.
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PSQH Price Action: According to Benzinga Pro, PSQ Holdings shares are trading 40% higher at $19.45 at the time of publication.
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