PSQ Holdings to be delisted from NYSE, securities now trading on Pink Market

PSQ Holdings (NYSE:PSQH) has been informed by the New York Stock Exchange (NYSE) that it will be delisted from the NYSE, with its securities now trading on the Pink Market. The NYSE suspended trading in both the company's Class A common stock and public warrants immediately after determining that PSQ Holdings failed to meet the minimum average global market capitalization requirement of $15 million over a consecutive 30 trading-day period.

Additionally, the NYSE deemed the public warrants unsuitable for listing due to abnormally low selling prices. The company has the option to request a review within ten business days, but does not intend to appeal the decision. Following the delisting, PSQ Holdings' securities are now trading on the Pink Limited Market operated by OTC Markets Group, Inc. under the symbols PSQH and PSQHW.

The company is pursuing listing on the OTCQB Venture Market, but there is no guarantee of acceptance or continued trading. Investors should be aware that the Pink Market is a more limited market than the NYSE, potentially resulting in decreased liquidity. PSQ Holdings is currently assigned a WEAK financial health score by InvestingPro, with a loss of $6.34 per share over the last year despite generating nearly $30 million in revenue.