Colombier II (CLBR) Shares Soar 13.52% on GrabAGun Deal

Colombier II (CLBR) shares soared to a record high today, with an intraday gain of 13.52%.

The strategy of buying CLBR shares after they reach a recent high and holding for 1 week shows poor performance over the past 5 years. The annual return is -3.2%, with a maximum drawdown of 15.4% from May 31, 2020, to May 31, 2025. This indicates significant risk and loss in this period.

The surge in Colombier II's stock price can be attributed to the recent announcement of an amended regulatory filing related to its proposed business combination with GrabAGun, an online firearms retailer. This development has sparked positive investor sentiment, driven by the updated Form S-4 registration statement and investor presentation submitted to the SEC. The deal, initially announced in January 2025, involves GrabAGun Digital Holdings Inc. becoming a publicly listed company on the New York Stock Exchange under the ticker symbols "PEW" and "PEWW." The business combination is expected to close by summer, pending shareholder and regulatory approval.

The involvement of Donald Trump Jr. in backing the venture and his scheduled appearance on CNBC alongside Omeed Malik, the SPAC's leader, has further heightened investor interest. This SPAC's price action reflects increased investor enthusiasm for firearm-related businesses amidst a volatile regulatory climate. The public debut via SPAC provides GrabAGun with access to capital markets and broader exposure, facilitating its plans to scale operations.