PSQ Holdings, Inc. (PublicSq.) PSQH shares are moving higher on heavy trading volume Thursday. The stock has been volatile in its first day of trading.

What To Know:

Trading of PublicSq.'s shares of Class A common stock commenced Thursday following the successful completion of its previously announced business combination with Colombier Acquisition Corp. 

At the market open, the newly combined company's ticker symbol switched from "CLBR" to "PSQH."

Michael Seifert, CEO of PublicSq., commented, "Today, PublicSq. has reached a true milestone, and the best part is we are just getting started ... We are ready to begin our next phase of growth as a public company, and I want to congratulate the entire PublicSq. team on this achievement."

PublicSq. and Colombier Acquisition have received much attention this week amid the SPAC merger and new ticker listing on the New York Stock Exchange. Social media activity has fueled rumors of a possible contract with Tucker Carlson and a tweet from Donald Trump, Jr. asked his followers to support Colombier Acquisition and its previous symbol, CLBR. 

Trading of PSQH has been halted multiple times on Thursday, and the stock is currently up more than 35%.

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PSQH Price Action: According to Benzinga Pro, PSQ Holdings shares are trading 40% higher at $19.45 at the time of publication.

Image: kalhh from Pixabay