PSQ Holdings announced plans to acquire specific intellectual property assets from Tandym through an asset purchase agreement, including Class A Common Stock valued at $5.75 million and up to $1 million in cash.
PSQ Holdings (PSQH) shares jumped over 10% in premarket trading on Monday after the company said that it would buy key software assets from Tandym, a company that offers consumer brands a white-labeled payments and credit suite to enable a branded card experience embedded directly in checkout.
PSQ Holdings said that it plans to acquire specific intellectual property assets from Tandym through an asset purchase agreement, including Class A Common Stock valued at $5.75 million and up to $1 million in cash.
“This acquisition marks a major milestone in our mission to build a thriving fintech ecosystem,” said Michael Seifert, CEO of PublicSquare.
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