PSQ Holdings ( (PSQH) ) has provided an update.
PSQ Holdings, Inc. announced a $5.35 million private investment to boost its payments platform and streamline operations, aiming for a gross merchandise value of over $1 billion by the Christmas season. The company plans to cut staff by over 35% to reduce costs and focus on profitability, while also enhancing its marketplace to align with fintech goals. This strategic shift includes raising capital from insiders, modifying its marketplace, and launching a new affiliate fee-based offering in 2025.
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