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Story · December 3, 2024

PSQ Holdings adds Donald Trump Jr. to board as Omeed Malik resigns

By The Daily Fuckup Newsroom · From the December 3, 2024 edition

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Correction: An earlier version misstated the terms of Donald Trump’s consulting agreement with PSQ Holdings. The agreement was signed on August 9, 2024 and provides for $42,000 per month plus 100,000 restricted stock units, subject to the agreement’s terms.

PSQ Holdings on Dec. 3 disclosed a board shake-up that put Donald Trump Jr. on the company’s board and removed one of its most visible conservative investors.

In a filing with the Securities and Exchange Commission, the company said its board expanded from eight members to nine and appointed Donald Trump Jr. and Willie Langston effective immediately. The filing also said board member Omeed Malik resigned the same day. A related company press release said Trump Jr. and Langston were joining the board effective Dec. 3. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1847064/000121390024105264/ea0223566-8k_psq.htm?utm_source=openai))

The filing also laid out a separate consulting arrangement. PSQ said that on Aug. 9, 2024, it entered into a one-year consulting agreement with Donald Trump, the president-elect at the time, under which Trump would provide strategic advice to the company. The company said the agreement called for Trump to receive annual consulting fees of $1 million, a grant of 100,000 shares of restricted common stock, and reimbursement of certain expenses. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1847064/000121390024105264/ea0223566-8k_psq.htm?utm_source=openai))

The move gave PSQ, the parent of PublicSquare, another direct Trump-family tie at a time when the company has been trying to sell itself as a values-driven alternative marketplace and payments network. News of Trump Jr.’s appointment also sent the stock sharply higher on Dec. 3. ([cnbc.com](https://www.cnbc.com/2024/12/03/psq-holdings-doubles-in-latest-stock-to-rip-higher-on-news-of-donald-trump-jrs-involvement.html?utm_source=openai))

The filing did not say why Malik resigned, and it did not describe any new transaction beyond the board appointments and the pre-existing consulting agreement. But it did make the company’s political alignment harder to miss: the Trump name is now attached to both governance and paid advice at PSQ, a setup that is likely to keep drawing scrutiny from investors looking for clean lines between politics, promotion and business.

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