Donald Trump Jr. Joins PSQ Holdings’ Board, Shares Surge 270%

Donald Trump Jr. Joins PSQ Holdings’ Board, Shares Surge 270%

The announcement of Donald Trump Jr. joining the board of PSQ Holdings, the parent company of the online marketplace PublicSquare, sent the company’s shares soaring by 270.4% to $7.63 on Tuesday. Bloomberg News first reported the development, which marks a significant milestone for the microcap firm.

PublicSquare, known for promoting values centered on “life, family, and liberty,” has gained attention as a commerce and payments platform. The company, based in West Palm Beach, Florida, reported a market capitalization of $72 million as of Monday’s close, alongside net revenue of $6.5 million and operating losses exceeding $14 million for the September quarter.

Michael Seifert, CEO and chairman of PublicSquare, highlighted Trump Jr.’s long-standing involvement with the company:

“Don has been an investor in PublicSquare since before our IPO. His passion for creating a ‘cancel-proof’ economy, coupled with his business acumen and leadership in the shooting sports industry, brings invaluable expertise to our board.”

Trump Jr. expressed his enthusiasm for PublicSquare's mission, stating:

“With a rapidly growing marketplace and payments ecosystem, PublicSquare stands at the forefront of a movement rooted in liberty and the values of our nation’s founding. I’m honored to contribute to its growth.”

This move follows Trump Jr.'s recent board appointments. Just last week, he joined the board of Unusual Machines, a U.S.-based drone maker, which doubled its stock value upon the announcement. In November, he became a partner at venture capital firm 1789 Capital, which invests in conservative-aligned businesses, including Tucker Carlson’s media company.

PSQ director and former U.S. senator Kelly Loeffler also saw her October purchase of 1.2 million PSQ shares for $3.25 million yield substantial returns, as Tuesday's rally significantly boosted her investment's value.

The addition of Trump Jr. to PSQ’s board underscores his growing influence in conservative-aligned ventures and PublicSquare’s ambitions to expand its marketplace while championing its core values.