GrabAGun gears up for NYSE listing with board nominees

COPPELL, Texas & PALM BEACH, Fla. - Metroplex Trading Company LLC, operating as GrabAGun.com, an online firearms retailer, and Colombier Acquisition Corp. II (NYSE: CLBR), a special purpose acquisition company, have announced the filing of a registration statement with the U.S. Securities and Exchange Commission (SEC). This filing is a significant step in their proposed business combination, with the intention to take GrabAGun public.

The registration statement includes a preliminary proxy statement and a prospectus in connection with the proposed business combination under the merger agreement dated January 6, 2025. GrabAGun Digital Holdings Inc., the post-transaction public entity, has nominated several individuals to its board of directors, pending shareholder approval at a special meeting before the transaction’s closure.

Among the nominees are Donald Trump Jr., a partner at 1789 Capital and executive at The Trump Organization; Colion Noir, an attorney and Second Amendment rights advocate; Chris Cox, President of Capitol 6 Advisors LLC and a former executive at the National Rifle Association; Blake Masters, an entrepreneur and venture capital investor; Dusty Wunderlich, Chief Strategy Officer at PublicSq; and Marc Nemati and Matt Vittitow, current executives at GrabAGun.

This move comes as part of a broader trend of consumers shifting towards online retail for purchasing products, including firearms. GrabAGun has positioned itself as an industry leader with its technology-driven platform, aiming to offer a seamless digital experience for customers to exercise their Second Amendment rights.

The proposed business combination is expected to be completed in the summer of 2025, subject to regulatory approvals and customary conditions. Upon completion, GrabAGun Digital Holdings Inc. plans to list on the New York Stock Exchange under the symbols "PEW" and "PEWW." According to InvestingPro analysis, CLBR currently trades at a P/E ratio of 39.04, suggesting a premium valuation. The company maintains healthy liquidity with a current ratio of 1.7, indicating strong short-term financial stability.Want deeper insights? InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis tools to make informed investment decisions.

The transaction follows a period of growth for GrabAGun, which has developed solutions for supply chain management and AI-powered pricing and demand forecasting to enhance its eCommerce operations. The company’s partnership with Colombier II is aimed at unlocking further value and advancing its position in the digital firearms retail space.

This news is based on a press release statement and contains forward-looking statements regarding the anticipated benefits and completion of the proposed business combination. Additional information can be found in the registration statement filed by GrabAGun Digital Holdings Inc. and in Colombier II’s public filings available on the SEC’s website. Investors should note that CLBR’s next earnings report is scheduled for March 26, 2025, which could provide additional clarity on the merger progress.

In other recent news, GrabAGun, an online retailer of firearms and related accessories, has announced a definitive business combination agreement with Colombier Acquisition Corp. II. This merger, expected to close in the summer of 2025, will result in the formation of GrabAGun Digital Holdings Inc., with shares anticipated to trade on the New York Stock Exchange. GrabAGun has reported strong financial performance, with revenues of $99.5 million over the past twelve months as of September 30, 2024. The transaction is valued at $150 million, with equity holders set to receive $100 million in stock and $50 million in cash. The merger aims to bolster GrabAGun’s position in the firearms and ammunition market, facilitating expansion and consolidation within the industry. Donald Trump Jr. will become an advisor and equity holder upon the transaction’s completion. The merger has received approval from both companies’ boards and awaits further approval from equity holders and shareholders. Legal counsel for the transaction includes Ellenoff Grossman & Schole LLP for Colombier II and Olshan Frome Wolosky LLP for GrabAGun, with Stephens Inc. serving as the exclusive financial advisor.

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