GrabAGun Digital Holdings Begins Trading on NYSE After Business Combination with Colombier Acquisition Corp. II

GrabAGun Digital Holdings (PEW) stock is trending up 14.1% after completing its business combination with Colombier Acquisition Corp. II, generating $179 million in gross proceeds. The company plans to use the funds for working capital and growth initiatives, and has been listed on the New York Stock Exchange under the ticker symbol "PEW."

GrabAGun Digital Holdings (PEW), following its recent business combination with Colombier Acquisition Corp. II (CLBR), has seen its stock price increase by 14.1%. The company has generated over $179.1 million in gross proceeds from the deal, which is expected to close on July 15, 2025 [1].

The funds raised will be utilized for working capital and growth initiatives, as announced by Colombier II. The business combination, which was approved by Colombier II shareholders at an extraordinary general meeting held on July 15, 2025, has resulted in GrabAGun Digital being listed on the New York Stock Exchange under the ticker symbol "PEW" [1].

Colombier II, a special purpose acquisition company led by Omeed Malik, has been instrumental in facilitating this transaction. The company's shareholders have demonstrated strong support, with minimal redemption requests received by the deadline of July 11, 2025. This has allowed Colombier II 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 [1].

GrabAGun Digital, a fast-growing e-commerce retailer of firearms and ammunition, aims to leverage the funds to continue its growth trajectory. The company's proprietary software expertise and industry-leading solutions in supply chain management and AI-powered pricing have positioned it as a leading player in the digital firearms retail market [1].

The business combination is expected to close shortly after the extraordinary general meeting, with Colombier II shareholders urged to carefully review the proxy materials and vote in favor of all proposals. The Extraordinary General Meeting was held virtually at www.cstproxy.com/colombierspacii/2025 and can be listened to via telephone for those without internet capabilities [1].

References:
[1] Colombier Acquisition Corp. II Press Release, July 11, 2025. Available at: https://www.colombierspac.com/news/press-releases/detail/65/colombier-ii-announces-minimal-redemptions-in-connection