Colombier Acquisition Corp. III
We are a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry but expect to focus on a target in an industry where we believe our management team and founder’s expertise will provide us with a competitive advantage. Our leadership team is predominantly composed of former executives and board members from Colombier Acquisition Corp. II (“Colombier II”), which merged with GrabAGun Digital Holdings Inc. (NYSE: PEW; “GrabAGun”), and Colombier Acquisition Corp. (“Colombier I”), which merged with PSQ Holdings, Inc. (NYSE: PSQH; “PublicSquare”), each as further discussed below. We are led by Omeed Malik, co-founder and Managing Partner of 1789 Capital Management, LLC (“1789 Capital”). Like 1789 Capital, the company is formed to fund the next chapter of American Exceptionalism and help Make America Grow Again. During their extensive careers, our leadership team has earned the trust and respect of founders, executives, investors and trendsetters in a wide range of sectors, including but not limited to finance, tech-enabled services, entertainment, digital marketplaces, software, information services, telecommunications, industrial manufacturing and social media. These relationships have been cultivated through their various roles as operators, investment bankers, investors and legal counsel across these industries. Our officers, directors and sponsor team members have significant experience with SPACs, acquisitions, corporate strategy and public markets. This experience includes leadership roles in Colombier II and Colombier I. The management team of Colombier II successfully identified and consummated an initial business combination with GrabAGun, an eCommerce retailer of firearms, ammunition and related accessories. We believe that GrabAGun is positioned to become the “Amazon of Guns”; with the premier underlying digital platform for firearms, it can effectuate a consolidation of a sector otherwise lacking web 3.0 technological prowess. Using the Colombier platform, the Colombier II team elevated GrabAGun on the national stage amongst customers and investors. The Colombier II team was able to deliver nearly the entirety of its over $170 million cash in trust in the GrabAGun transaction, and the resulting proceeds are expected to support the business’ sector roll-up strategy. GrabAGun’s shares of common stock and warrants trade on the NYSE under the symbols “PEW” and “PEW WS,” respectively. Between the announcement of Colombier II’s business combination with GrabAGun and the commencement of trading of GrabAGun’s shares on the NYSE following the closing of the transaction, Colombier II and then GrabAGun’s shares achieved a volume-weighted average price of $14.05 per share, with trading volume representing approximately 7.6x the total public float, and a maximum closing price of $17.24 during the period. The closing trading price of the common stock of GrabAGun was $3.09 per share on December 31, 2025. The management team of Colombier I successfully identified and consummated an initial business combination with PublicSquare, a digital marketplace designed to cater to consumers seeking products and businesses aligned with traditional American values, often overlooked today by corporate America. We believed that PublicSquare provided a compelling function in facilitating consumer transactions within the burgeoning “patriotic parallel economy.” Our management team utilized their professional network and expertise to help foster the growth of PublicSquare. This effort included accessing new sales channels and partnership opportunities, securing supplementary private capital in addition to the substantial funding provided by the business combination with PublicSquare, and assembling a prospective public company board equipped to provide strategic direction. From the date Colombier I announced its merger with PublicSquare on February 27, 2023 to July 31, 2023, a few days after the close of merger, PublicSquare’s number of active consumer members grew by 218%. PublicSquare’s shares of Class A common stock and warrants trade on the NYSE under the symbols “PSQH” and “PSQH WS,” respectively. Between the announcement of Colombier I’s business combination with PublicSquare and the commencement of trading of PublicSquare’s shares on the NYSE following the closing of the transaction, Colombier I and then PublicSquare’s shares achieved a volume-weighted average price of $13.39 per share, with trading volume representing approximately 5.1x the total public float, and a maximum closing price of $29.80 during the period. The closing trading price of the Class A common stock of PublicSquare was $1.03 per share on December 31, 2025. The Colombier II and Colombier I leadership recognized that GrabAGun and PublicSquare, respectively, possessed attributes that rendered them an attractive investment proposition. These included, among others, their potential for scalable growth and robust competitive positioning. In our pursuit of business combination transactions, we expect to favor potential target companies with similar industry and business characteristics, and we are confident in our ability to identify additional targets that exhibit similarly compelling qualities. We believe investor interest in companies like GrabAGun and PublicSquare demonstrates the market’s excitement to fund the next chapter of American Exceptionalism by investing in the Entrepreneurship, Innovation, and Growth (“EIG”) economy, a set of era-defining business and investment opportunities that we believe will build the next period of American prosperity. These opportunities are rooted in America-first cultural shifts after the 2024 U.S. election, a resurgence of merit-based investing in growth equity, a focus on market-based solutions for America, and a celebration of America’s most prominent founders. Opportunities in the EIG economy include but are not limited to companies that reindustrialize the American economy and enhance American prosperity and security. We believe GrabAGun and PublicSquare, as discussed above, evidence these trends, and we believe there are other similarly compelling opportunities. While not limited to these sectors, we anticipate identifying and investing in high-growth opportunities in software, artificial intelligence, semiconductors, quantum computing, robotics, defense tech, DeFi, prediction markets, fintech, domestic manufacturing, rare earth minerals, energy & power generation, space, and digital infrastructure. Additionally, our team’s access and credibility within the EIG ecosystem allows us to credentialize a merger target amongst premier American investors, consumers, media, and social networks, as well as introduce the company to new business partnerships and sales opportunities. We believe a target will recognize the value our team can create, both for the target’s and our shareholders. In sum, we are confident that our collective expertise, extensive experience with public listing vehicles, and expansive network can be harnessed to generate value for any potential target identified by us, thereby benefiting our investors. We believe that our management team is well positioned to identify and execute compelling business combination opportunities. Our objectives are to generate attractive returns for shareholders and enhance value through identifying a high-quality target, negotiating favorable acquisition terms for our shareholders and leveraging our expertise and network to improve business performance of the newly-publicly listed company. Our executive offices are located in Palm Beach, FL.