Recapitalization (Tables)

9 Months Ended

Sep. 30, 2024

Schedule of Business Combination to the Condensed Consolidated Statements of Cash Flows

The following table reconciles the elements of the Business Combination to the condensed consolidated statements of cash flows and the condensed consolidated statement of changes in stockholders’ equity:


Cash-trust and cash, net of redemptions	$	34,938,880
Less: transaction costs and advisory fees, paid	(16,834,686)
Net proceeds from the Business Combination	18,104,194
Less: public and private placement warrant liabilities	(8,816,500)
Less: earn-out liabilities	(2,400,000)
Add: amounts paid in advance	2,570,919
Add: Transaction costs in accounts payable and accrued expenses	2,967,393
Reverse recapitalization, net	$	12,426,006

Schedule of Common Stock Issued

The number of shares of Common Stock issued immediately following the consummation of the Business Combination were:


Colombier Class A common stock, outstanding prior to the Business Combination			17,250,000
Less: Redemption of Colombier Class A common stock			(13,827,349)
Class A common stock of Colombier			3,422,651
Colombier Class B common stock, outstanding prior to the Business Combination			4,312,500
Business Combination shares			7,735,151
PSQ Shares			21,522,825
Common Stock immediately after the Business Combination			29,257,976

Schedule of Number of PSQ Shares

The number of PSQ shares was determined as follows:


	PSQ Shares	PSQ Shares after conversion ratio
Class A Common Stock	940,044	18,309,147
Class C Common Stock	165,000	3,213,678
Total	1,105,044	21,522,825