Stock Track | PSQ Holdings Soars Over 5% After-Hours Following $36.2 Million Stock Offering Announcement

Stock Track12-05

PSQ Holdings Inc (PSQH) saw its shares surge 5.05% in after-hours trading on Wednesday, after announcing a $36.2 million registered direct offering of 7.8 million common shares at $4.63 per share.

The technology company said it intends to use the net proceeds from the offering for general corporate purposes. The stock offering follows a highly volatile trading session for PSQH on Tuesday, where its shares more than tripled before paring back some of those gains.

While the direct stock offering dilutes existing shareholders, the fresh capital injection could help fuel PSQH's business growth plans going forward. Investors appear to be viewing the fundraising positively, at least in the immediate aftermath of the announcement.

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