PublicSquare Appoints Dusty Wunderlich as Chairman of the Board
Michael Seifert has stepped down as Chairman of the Board and will continue to serve as President and Chief Executive Officer, focusing on strategic vision, culture, and the continued expansion of the Company's platform and fintech capabilities. The separation of the Chairman and CEO roles is intended to clearly delineate oversight and execution responsibilities. Dusty Wunderlich has been named Chairman of the Board. He will serve as Chairman in a non-executive capacity. Prior to being named Chairman, Wunderlich was the company's Chief Strategy Officer. Blake Masters has been appointed Lead Independent Director. A director since the company's initial public listing, Masters will provide independent oversight and serve as a liaison between the Board and management. Michael Perkins has been appointed Chief Operating Officer and will continue to serve as President of Payments. With nearly 20 years of fintech experience, including executive leadership roles at Nuvei and LoanPaymentPro, Perkins will oversee day-to-day operations as the company scales its financial technology offerings. Mike Hebert, who previously served as Chief Operating Officer, has been named Senior Vice President of People. In this role, he will focus on organizational development, talent, and culture as PublicSquare continues to grow.
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- Compliance Notice: PSQ Holdings received a notice from the NYSE indicating it does not meet the minimum requirements for total market capitalization, stockholders' equity, and average closing price, highlighting the financial pressures the company currently faces.
- Restoration Plan: The company intends to submit a business plan within 45 days to regain compliance, demonstrating a proactive approach to addressing the issue, despite the potential risk of delisting.
- Price Restoration Mechanism: PSQ Holdings can restore compliance within a six-month cure period by closing at or above $1.00 on the last trading day of any month, providing the company with a flexible strategy to address non-compliance.
- Stock Price Volatility: Following the announcement, PSQ Holdings' stock price fell to $0.7754 in after-hours trading, reflecting market concerns regarding the company's compliance capabilities, which may impact investor confidence and future financing options.
- Executive Change: PSQ Holdings has appointed Dusty Wunderlich as CEO effective immediately, marking a significant step in the company's transition towards core fintech businesses, particularly in credit and payments.
- Board Restructuring: Wunderlich will also remain as chairman of the board at PublicSquare, indicating a dual leadership role aimed at fostering synergies and driving business integration across the companies.
- Former CEO Resignation: Michael Seifert has stepped down as CEO and resigned from the board effective January 27, 2026, which may impact the company's strategic direction and operational execution moving forward.
- Market Reaction: PSQ Holdings' shares dropped over 20% following PublicSquare's announcement of a $7.5 million registered direct offering, reflecting investor concerns about the company's financial health and potentially affecting future fundraising capabilities.
- Leadership Change: Dusty Wunderlich has been appointed as CEO of PSQ Holdings, effective immediately, marking a significant transition towards the company's core fintech operations, particularly in credit and payments.
- Strategic Focus Shift: With extensive fintech experience as the former CEO of Credova, Wunderlich is expected to ensure the continued execution of the company's strategic priorities, enhancing cash flow efficiency.
- Founder's Departure: Michael Seifert stepped down as CEO and resigned from the board effective January 27, 2026, with Wunderlich expressing gratitude for Seifert's foundational contributions during the company's early development.
- Future Outlook: Wunderlich has committed to working closely with the board and executive team to drive growth and profitability in 2026 and beyond, ensuring the company's stability and development in the fintech sector.
- Leadership Change: Dusty Wunderlich has been appointed as the new CEO of PSQ Holdings, effective immediately, marking a critical step in the company's transition towards core fintech businesses, including credit and payments, which is expected to enhance cash flow efficiency and drive long-term profitability.
- Strategic Focus Shift: Having previously served as Chief Strategy Officer, Wunderlich brings extensive fintech experience, and the board believes he is well-positioned to ensure the continued execution of the company's strategic priorities, thereby enhancing its competitive edge in the market.
- Founder's Support for Transition: Former CEO Michael Seifert stepped down on January 27, 2026, and Wunderlich expressed gratitude for his contributions during the company's early development stages, emphasizing the importance of team building and the vision for becoming a future fintech leader.
- Future Outlook: Wunderlich highlighted the board's diligence in strategic decision-making and stated his commitment to working closely with the board and executives to drive growth and achieve goals in 2026 and beyond, further solidifying the company's position in the fintech sector.
- Significant GMV Growth: PSQ Payments processed approximately $7.8 million in Gross Merchandise Volume (GMV) during the 2025 Black Friday Cyber Monday period, representing a 536% increase from $1.2 million in 2024, highlighting the platform's robust market demand and transaction capabilities.
- Credit Business Expansion: The Credova credit business saw financed amounts increase by over 75% year-over-year, rising from $706K in 2024 to $1.24 million in 2025, indicating a sustained consumer demand for values-aligned financial products.
- Increase in Contract Volume: The number of loan and lease contracts signed by Credova surged by 675 contracts, or 73%, from 931 in 2024 to 1,066 in 2025, reflecting enhanced competitiveness and customer appeal in the credit market.
- Ongoing Strategic Investment: PSQ Holdings continues to invest in expanding its payments and credit capabilities to deepen merchant relationships and drive transaction growth, thereby establishing sustainable revenue streams and further solidifying its market position in the fintech sector.
- Policy Change Discussion: The U.S. Consumer Financial Protection Bureau (CFPB) plans to convene its expert consumer advisory panel next week to discuss proposals to end anti-discrimination policies, which could significantly impact fair lending regulations and consumer borrowing conditions.
- Expert Advisory Panel: This meeting is part of the CFPB's legal requirement to hold two consumer advisory board meetings annually, comprising outside experts and advocates from both the private sector and non-profits, which may influence future policy directions.
- Industry Representatives Speaking: The event will feature speakers from Townstone Financial, which settled with the CFPB over racial discrimination allegations, and Credova, a buy-now, pay-later firm focused on firearms, highlighting diverse industry perspectives on the proposed policy changes.
- Political Background Influence: The Trump administration previously halted a CFPB investigation into Credova, citing political motivations, and a federal court blocked the agency's attempts to overturn its settlement with Townstone, illustrating the complexities and external pressures surrounding CFPB's policy enforcement.








