PSQ Holding Shares Surge After Bloomberg Reports Donald Trump Jr. Will Join Board

Dow Jones

2024-12-03

By Connor Hart

Shares of PSQ Holdings soared after Bloomberg reported that Donald Trump Jr. is joining the company's board, citing people with knowledge of the matter.

The stock more than doubled to $4.30 in pre-market trading Tuesday. Shares had fallen 61% since the beginning of the year as of the close of Monday's regular session.

The West Palm Beach, Fla., company, which owns online marketplace PublicSquare, declined to comment to Bloomberg. Trump Jr., who didn't respond to a request for comment, could join its board as early as Tuesday, the report said.

The appointment would come after Trump Jr. recently began as a partner at investment firm 1789 Capital. And last month, shares of drone-parts maker Unusual Machines surged after Trump Jr. was named an advisor to the company.

PublicSquare aims to connect what it calls patriotic businesses and consumers and seeks to build a parallel economy, which it defines as prioritizing faith and family.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

December 03, 2024 09:19 ET (14:19 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Shares had fallen 61% since the beginning of the year as of the close of Monday's regular session. \n\n\n  The West Palm Beach, Fla., company, which owns online marketplace PublicSquare, declined to comment to Bloomberg. Trump Jr., who didn't respond to a request for comment, could join its board as early as Tuesday, the report said. \n\n\n  The appointment would come after Trump Jr. recently began as a partner at investment firm 1789 Capital. 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