GrabAGun completes SPAC merger, to begin trading on NYSE as PEW

GrabAGun, an online firearms retailer, completed its business combination with Colombier Acquisition Corp. II (NYSE: CLBR) and is set to begin trading on the New York Stock Exchange under the ticker symbols "PEW" and "PEWW" on July 16, 2025.

The combined company, now named GrabAGun Digital Holdings Inc., received over $179 million in gross proceeds from the transaction. After secondary proceeds and transaction expenses, the company netted over $119 million for working capital and corporate purposes including growth initiatives and acquisition plans.

Donald Trump Jr. joined GrabAGun's Board of Directors as part of the transaction and participated in ringing the NYSE opening bell. The company reported near-zero redemptions of Colombier II shares, indicating shareholder confidence in the business combination.

GrabAGun operates as an e-commerce retailer of firearms, ammunition, and related accessories. The company works with industry brands including Smith & Wesson Brands, Sturm, Ruger & Co., SIG Sauer, Glock, Springfield Armory and Hornady Manufacturing. The platform uses proprietary software for inventory management, order processing, and pricing optimization.

"This achievement supports our mission to revolutionize the shooting sports industry through our technology-first approach," said Marc Nemati, Chief Executive Officer of GrabAGun Digital, according to a company statement.

Following the transaction, both Colombier II and GrabAGun became wholly-owned subsidiaries of GrabAGun Digital. BTIG, LLC and Roth Capital Partners, LLC served as capital markets advisors for the business combination.

The transaction was approved by Colombier II shareholders at an extraordinary general meeting on July 15, 2025.

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