Official company announcements or press releases from GrabAGun

Colombier Acquisition Corp. II to Merge With GrabAGun for $196.5 Million, Trump Jr. Advises, Stock to Trade as PEW

Jan 6, 2025, 02:31 PM

Colombier Acquisition Corp. II has announced a definitive agreement to merge with GrabAGun, a mobile-focused online firearms retailer, in a deal that values the enterprise at $196.5 million. The merger, which will see GrabAGun go public under the ticker symbol 'PEW', reflects a 2.0x sales multiple and a 37.0x EBITDA multiple based on the last twelve months' figures, with a year-over-year revenue growth of 9.2%. Donald Trump Jr. has been named as an adviser to GrabAGun, aiming to enhance the company's visibility as it prepares for its stock listing. Trump Jr. expressed his enthusiasm for the partnership, highlighting his commitment to supporting companies that align with his values, particularly in relation to the Second Amendment. The deal is seen as a move to support the firearms industry and could signal a shift in Wall Street's approach to such businesses.