Donald Trump Jr. hosting NYC investor event for ‘Amazon of guns' — aims to ring NYSE bell for ‘PEW' in June
WASHINGTON — First son Donald Trump Jr. is co-hosting an investor gathering in New York City next Tuesday for his new online gun retailer GrabAGun — and is expected to next month ring the bell on the New York Stock Exchange for the the firearms seller.
An invitation seen by The Post says that Trump, his business partner Omeed Malik and GrabAGun CEO Marc Nemati — who hope to transform the platform into the Amazon.com of firearm sales — will host a lunch in Midtown with a private dinner also on the books for that evening.
Organizers expect about 50 hedge fund managers and other institutional investors at each meal.
4 Businessman Omeed Malik and Donald Trump Jr. are hosting a New York City investor gathering ahead of taking a gun marketplace public.
AFP via Getty Images
4 Trump Jr. and Malik hope to transform GrabAGun into the Amazon.com of firearms.
AP
Avid hunter Trump Jr. and Malik, the founder of 1789 Capital, have described the business as a way to use the private sector to bolster Americans' Second Amendment rights — after previously partnering in 2023 to bring public the 'anti-woke' online marketplace Public Square with pro-free-speech rhetoric.
GrabAGun allows customers to easily shop for guns that are then shipped to the buyer's local federally licensed firearms dealer for the final processing of legally required background checks.
Malik and Trump Jr. touted their plans this month while appearing at the Qatar Economic Forum — with Malik saying the platform lets you 'buy guns and ammunition online just like you can on Amazon because we have a Second Amendment right.'
'That's an entire area that's been starved of funding in the United States for ideological purposes,' he said.
Trump Jr. will serve on the board of the company after it goes public. Malik will remain an investor without a corporate title.
Guns are not sold on many major American online platforms, but comprise a major market — with 16.7 million firearms sold in the U.S. in 2023, generally for hundreds of dollars per weapon, according to the National Criminal Justice Association.
4 Trump Jr., shown pheasant hunting in Iowa in 2018, is a well-known gun enthusiast and hunter.
REUTERS
4 Malik and Trump Jr. discussed their business plans May 21 at the Qatar Economic Forum.
AFP via Getty Images
GrabAGun, which also sells gun accessories and a variety of outdoor apparel and gear, is going public via a special purpose acquisition company (SPAC) that's already publicly traded — a process also used to take public President Trump's Truth Social last year.
The company that will absorb GrabAGun — Colombier Acquisition Corp II, with the stock ticker CLBR — has a current price of $13.93 per share in anticipation of the corporate merger. The acquisition entity is said to have about $170 million in assets.
There are plans to change the stock ticker to 'PEW' when the deal is complete.
Anyone can currently buy the stock of the acquisition entity, but the Manhattan meetings are intended to give bigger investors a direct pitch on why it makes sense to get in early.
Omeed additionally is partnering with Trump Jr. on opening the Executive Branch, an elite social club in Washington, D.C., with a $500,000 membership fee. That enterprise was announced in April at a party attended by Trump administration officials on the night of White House Correspondents' Dinner.
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