Quarterly report pursuant to Section 13 or 15(d)

Share Based Compensation (Tables)

v3.23.3
Share Based Compensation (Tables)
9 Months Ended
Sep. 30, 2023
Share Based Compensation [Abstract]  
Schedule of Activity with Respect Status of, RSUs A summary of the activity with respect to, and status of, RSUs during the nine-month period ended September 30, 2023 is presented below:
    Number of
RSUs
    Weighted
Average Grant
Date Value
 
Unvested as of January 1, 2023    
-
     
 
 
Granted     3,115,989     $ 10.12  
Vested     (131,568 )    
 
 
Unvested as of September 30, 2023     2,984,421     $ 10.12  
Schedule of Common Stock and Current Interest Rates The fair value of the earn-out shares was estimated using a Monte Carlo simulation utilizing assumptions related to the contractual term of the instruments, estimated volatility of the price of the Common Stock and current interest rates. Below are the key assumptions used in valuing the earn-out shares:
    As of 9/30/2023  
PSQH Stock Price   $ 9.08  
Volatility     40 %
Risk free rate of return     4.6 %
Expected term (in years)     4.8  
Schedule of Share-Based Compensation Expense During the three and nine months ended September 30, 2023, the Company recorded the following share-based compensation expense, related to RSUs and earn-out shares:
    For the three and
nine months ended
September 30,
2023
 
Cost of sales   $ 2,239  
General and administrative expenses     587,717  
Transaction incurred in connection with the Business Combination     910,800  
Research and development     201,810  
Sales and marketing     393,323  
    $ 2,095,889