PSQ Holdings Announces 1-For-15 Reverse Stock Split

About this update from Psq Holdings, Inc.

1-for-15 Reverse Stock Split Intended to Align Share Price with Fintech Peers and Institutional Ownership Thresholds Company Expected to Regain Compliance with the NYSE's Minimum Share Price Requirement and Satisfy the $1.00 Price Criterion for Russell US Index Eligibility Trading on Split-Adjusted Basis Expected to Begin on July 13, 2026 BOZEMAN, Mont., July 09, 2026--(BUSINESS WIRE)--PSQ Holdings, Inc. (NYSE: PSQH) (the "Company" or "PSQ Holdings") today announced that a 1-for-15 reverse stock split of the Company's Class A common stock will become effective on July 13, 2026. The Company's Class A common stock will begin trading on a split-adjusted basis at the opening of the market on July 13, 2026, under the existing ticker symbol "PSQH" and a new CUSIP number, 693691 206. "Over the past year, we rebuilt this company into a focused, growing fintech, and the share structure simply needs to catch up," said Dusty Wunderlich, Chairman and Chief Executive Officer of PSQ Holdings. "This is a structural cleanup, plain and simple. It changes nothing about our strategy, our operations, or the value of any stockholder's position. What it does is align our stock with how institutions actually invest, potentially opening the door to index eligibility and the broader ownership base we believe our execution has earned." The 1-for-15 reverse stock split will reduce the number of outstanding shares of the Company's Class A common stock from 50,349,974 to approximately 3,356,664. Proportional adjustments will be made to the number of shares of the Company's Class A common stock subject to outstanding equity awards and warrants, as well as the applicable exercise price. As a result of the reverse stock split, the Company's public warrants, each currently exercisable for one share of Class A common stock at an exercise price of $11.50 per share, will also be adjusted to entitle the holder to purchase 1/15th of a share of Class A common stock at an exercise price of $172.50 per share. The purpose of the 1-for-15 reverse stock split is to increase the per-share price of the Company's Class A common stock to satisfy the minimum average closing price requirement for continued listing on the New York Stock Exchange (the "NYSE"). The Company expects that the reverse stock split will establish a per-share trading price better aligned with its fintech peers and that exceeds the...

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