GrabAGun stock price declines after SPAC merger and listing on NYSE
The online firearms store, backed by Donald Trump Jr., saw its shares fall by double digits on their first day of trading. Here’s what to know.
Ticker |
CLBR
|
CIK | 0001995413 |
SIC | 6770 |
Sector | Finance, Insurance, And Real Estate |
Industry Category | Trading |
Industry Group | Investment Offices |
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GrabAGun stock price declines after SPAC merger and listing on NYSEThe online firearms store, backed by Donald Trump Jr., saw its shares fall by double digits on their first day of trading. Here’s what to know. Donald Trump Jr-Backed GrabAGun Just Started Trading. How Should You Play PEW Stock Here?GrabAGun stock tumbles after listing on the New York Stock Exchange on Thursday. Here’s why it’s not worth buying the dip in PEW shares. Trump Jr.-backed GrabAGun's stock extends losses after sinking on debut(Reuters) -Donald Trump Jr.-backed GrabAGun's shares slipped 22% on Thursday, deepening their post-debut slide and highlighting the degree of investor scrutiny even newly listed companies with high-profile backers are being subjected to. The firearms retailer went public after clinching a merger with Colombier Acquisition Corp. II, a special purpose acquisition company backed by Omeed Malik, a prominent donor to U.S. President Donald Trump's campaign. But SPACs have faded from their pandemic-era heyday and firms that list through them can often be met with more caution compared to those that opt for the traditional IPO route. GrabAGun, a Mobile-Focused Online Firearms Retailer and Defender of the Second Amendment, Completes Business Combination with Colombier II and Will Begin Trading on NYSECOPPELL, Texas & PALM BEACH, Fla., July 15, 2025--Metroplex Trading Company LLC d.b.a. GrabAGun.com ("GrabAGun"), an online retailer of firearms, ammunition and related accessories, and Colombier Acquisition Corp. II ("Colombier II") (NYSE: CLBR), a special purpose acquisition company, today announced the completion (the "Closing") of their previously announced business combination (the "Business Combination"), which was approved by Colombier II shareholders at an extraordinary general meeting o Colombier II Announces Minimal Redemptions in Connection with Business Combination with GrabAGunPALM BEACH, Fla. & COPPELL, Texas, July 11, 2025--Colombier Acquisition Corp. II (NYSE: CLBR) (the "Company" or "Colombier II"), a special purpose acquisition company led by Omeed Malik, and Metroplex Trading Company LLC d.b.a. GrabAGun.com ("GrabAGun"), an online retailer of firearms, ammunition and related accessories, today announced that the Company has, as of the redemption deadline of 5:00 p.m. eastern time on July 11, 2025 (the "redemption deadline"), received minimal redemption requests |