11/01/2024 | Press release | Distributed by Public on 11/01/2024 14:47
Item 2.05. Costs Associated With Exit or Disposal Activities
On October 22, 2024, PSQ Holdings, Inc., a Delaware corporation (the "Company") completed the implementation of a strategic plan (the "Strategic Plan") to streamline the organization, reducing staff by over 35% and focusing on the people critical to the Company's B2B focused sales and marketing positioning going forward.
The Company expects a non-recurring charge for severance of $355,772.90, in addition to one month of COBRA estimated to total $37,367.37 for those electing to utilize it, primarily incurred in the fourth quarter of 2024. The Company may incur additional costs not currently contemplated due to events associated with or resulting from the Strategic Plan.