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Donald Trump Jr. and Omeed Malik Take GrabAGun Public at $150 Million Valuation Through $CLBR SPAC, Emphasizing Second Amendment

Jan 6, 2025, 03:52 PM

Donald Trump Jr. has partnered with financier Omeed Malik to take the online firearms retailer GrabAGun public through a special purpose acquisition company (SPAC), Colombier Acquisition Corp. II, which will trade under the symbol $CLBR. The deal, which values GrabAGun at $150 million, is part of a broader strategy by Malik's 1789 Capital to support businesses that have been shunned by traditional investors due to environmental, social, and governance (ESG) principles. Trump Jr. will serve as a special advisor to GrabAGun, emphasizing the company's alignment with Second Amendment values and its role in the parallel economy. The move is seen as an effort to tap into a growing market among younger demographics for online firearm purchases, with GrabAGun reporting a 57% increase in sales to 18-35 year olds since 2014. The company, which made over $100 million last year and is profitable, complies with federal standards for background checks and record-keeping, and is part of the EIG ecosystem focused on entrepreneurship, innovation, and growth.