Donald Trump Jr.’s addition to the board of PSQ Holdings has sent the company’s shares skyrocketing by 270.4% to $7.63. The online marketplace owner, PublicSquare, has a market capitalization of just $72 million.
PublicSquare focuses on “life, family, and liberty” and is a microcap stock with limited data available. CEO Michael Seifert praised Trump Jr.’s expertise, citing his business experience in the shooting sports industry.
Trump Jr. expressed his support for PSQ’s mission to create a ‘cancel-proof’ economy, which he believes is aligned with the values of the nation’s founding. This announcement follows similar moves by Trump Jr., who recently joined the board of Unusual Machines and venture capital firm 1789 Capital.
The surge in PSQ shares has also increased the value of director Kelly Loeffler’s stake, making her one of the company’s largest shareholders.
Source: https://www.cnbc.com/2024/12/03/psq-holdings-doubles-in-latest-stock-to-rip-higher-on-news-of-donald-trump-jrs-involvement.html