Colombier Acquisition Corp. II Merges with GrabAGun, Shares Rise 1.65%

Colombier Acquisition Corp. II's (CLBR) shares surged on Tuesday after the company announced the completion of its business combination with GrabAGun. The deal will result in $179 million in gross proceeds for CLBR, which will be used for working capital and future growth initiatives. The combined company, GrabAGun Digital Holdings, will be listed on the NYSE under the ticker symbol "PEW" on Wednesday.

Colombier Acquisition Corp. II (CLBR) shares surged on Tuesday following the announcement of its business combination with GrabAGun. The deal, which is expected to close on July 15, 2025, will result in $179.1 million in gross proceeds for CLBR, which will be allocated for working capital and future growth initiatives. Upon completion, the combined entity, GrabAGun Digital Holdings, will be listed on the NYSE under the ticker symbol "PEW" [1].

Colombier II, a special purpose acquisition company, has received minimal redemption requests as of the redemption deadline of July 11, 2025. This indicates strong support from Colombier II shareholders for the business combination. The company expects to deliver over $179.1 million in gross proceeds to GrabAGun Digital, representing nearly 100% of the cash and cash equivalents held in the Colombier II trust account as of the redemption deadline [1].

The business combination, which was entered into on January 6, 2025, involves Colombier II, GrabAGun, GrabAGun Digital, and other parties. GrabAGun is an online retailer of firearms, ammunition, and related accessories, while Colombier II is a blank check company formed for the purpose of effecting a merger or other business combination [1].

Colombier II shareholders are expected to vote on proposals related to the business combination at an extraordinary general meeting to be held on July 15, 2025. The meeting will be held virtually at www.cstproxy.com/colombierspacii/2025 and will also be available in person at Ellenoff Grossman & Schole LLP in New York, New York [1].

The completion of this business combination marks a significant milestone for Colombier Acquisition Corp. II and GrabAGun. The combined entity will leverage Colombier II's financial resources and GrabAGun's expertise in eCommerce and supply chain management to accelerate growth and innovation in the firearms and accessories market [1].

References:
[1] https://www.colombierspac.com/news/press-releases/detail/65/colombier-ii-announces-minimal-redemptions-in-connection