Public Square (company)

Last updated
PublicSq.
Public Square
Company typePublic
NYSE: PSQH
IndustryOnline marketplace
Founded2021;4 years ago (2021)
FounderMichael Seifert
Headquarters
West Palm Beach, Florida
,
United States
Number of locations
55,000+ small businesses (as of July 2023)
Area served
United States
Key people
ServicesE-commerce, online marketplace
Website[(https://publicsq.com) (https://publicsq.com)]

PublicSq. (Public Square) is an American online marketplace which bills itself as "anti-woke" and supportive of the anti-abortion movement and conservatism. [1] It was founded by Michael Seifert and is headquartered in West Palm Beach, Florida. As of July 2023, the platform hosts over 55,000 small businesses. [2] The company is publicly traded as PSQH on the New York Stock Exchange. [3]

Contents

History

Public Square was founded by Michael Seifert in 2021 as an alternative to Amazon. [4] It was initially based in San Diego. [5] [6] The platform officially launched on July 4, 2022. [2]

In 2023, the board of directors was chosen to include Michael Seifert, Omeed Malik, Nick Ayers, and Blake Masters. [7]

In February 2023, the company announced that it would consolidate with the special-purpose acquisition company Colombier Acquisition Group for $200 million in order to go public. [8] [9]

In June 2023, the company announced it was awarding a "baby bonus" to employees that decide to have or adopt a child. [10]

In July 2023, former United States Senator Kelly L. Loeffler was appointed to the company's board of directors. [2]

In July 2023, the company went public on the New York Stock Exchange as PSQ Holdings Inc. People on the floor of the stock market chanted "U-S-A!". [5] That same month, the company became the first major advertiser on Tucker Carlson's new show on X, formerly Twitter. [11]

In November 2023, Bloomberg reported that the company has looked for loopholes in environmental, social, and governance (ESG) rules. [12]

On November 6, 2023, it hosted its first official Town Hall in Indianapolis featuring Indiana congressman Jim Banks and Donald Trump Jr. [13] [14]

In March 2024, Public Square acquired the buy now, pay later firm Credova which focuses on processing the sales of firearms. [15]

In December 2024, it was announced that Donald Trump Jr. was joining the board of directors. [16]

References

  1. ↑ Nerkar, Santul (September 18, 2023). "Some Businesses Make 'Woke Free' a Selling Point" – via NYTimes.com.
  2. 1 2 3 Telford, Taylor (July 30, 2023). "Meet PublicSq., the 'anti-woke' marketplace backed by Donald Trump Jr". The Washington Post.
  3. ↑ Danziger, Pamela N. "A Freedom Economy Is Emerging And PublicSq. Marketplace Is On The Vanguard". Forbes.
  4. ↑ Debter, Lauren (July 20, 2023). "Trump Jr.-Backed Anti-'Woke' Online Marketplace Goes Public Via SPAC". Forbes.
  5. 1 2 Fabbro, Rocio (September 19, 2023). "'Woke-Free' Marketplace PublicSq. Claims to Have 65,000 Businesses". The Messenger. Archived from the original on January 4, 2024.
  6. ↑ Smolens, Michael (November 12, 2021). "Job platform for unvaccinated people is silent on COVID-19 dangers". The San Diego Union-Tribune.
  7. ↑ "PublicSq., a Leading Values-Aligned Marketplace, to Go Public via Combination with Colombier Acquisition Corp. (NYSE: CLBR)". Yahoo Finance. February 27, 2023.
  8. ↑ "Omeed Malik's SPAC Nears Deal with 'Patriotic' Marketplace PublicSq". Bloomberg. 26 February 2023.
  9. ↑ Primack, Dan; Fischer, Sara (May 31, 2023). ""Anti-woke" movement finds itself an investment vehicle". Axios. Retrieved Oct 1, 2024.
  10. ↑ "Company announces 'baby bonus' for employees expecting or adopting a child". Catholic News Agency.
  11. ↑ Korach, Natalie (Jul 17, 2023). "Tucker Carlson's Twitter Show Lands Major Ad Deal With Anti-ESG Company" . Retrieved Oct 1, 2024.
  12. ↑ "Anti-Woke Marketplace PublicSquare Looks for ESG Rule Loopholes". news.bloomberglaw.com.
  13. ↑ "Donald Trump Jr., U.S. Rep. Jim Banks to participate in PublicSq town hall". October 27, 2023.
  14. ↑ Scheer, Robert. "'Anti-woke' the theme of Trump Jr's endorsement". The Indianapolis Star.
  15. ↑ "Public Sq. acquires buy now, pay later firm Credova" . Retrieved Oct 1, 2024.
  16. ↑ Egan, Matt (December 3, 2024). "Donald Trump Jr. is joining the board of a 'woke-free' marketplace. Its stock is surging". CNN Business.
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