PSQ Holdings Sets 1-for-15 Reverse Split to Avoid NYSE Delisting
PSQH sits 17% above its 52-week low of $0.371.
Summary
PSQ Holdings announced a 1-for-15 reverse stock split, with trading on a split-adjusted basis expected to begin on July 13. The split is effective at the open on July 14, 2026, and aims to lift the stock price above NYSE's minimum listing requirement after shares closed at $0.434. This follows the June proxy filing where shareholders approved the split to prevent delisting. The reverse split will reduce the outstanding share count sharply, but the company's market cap of roughly $23 million and ongoing net losses underscore the financial strain. The split is a mechanical fix, not a fundamental improvement, and the stock remains under pressure.
At the time of this announcement, PSQH was trading at $0.43 on NYSE in the Trade & Services sector, with a market capitalization of approximately $23.1M. The 52-week trading range was $0.37 to $2.84. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.