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1789 Capital investing in brands that enhance US prosperity
1789 Capital investing in brands that enhance US prosperity

New York Post

time18-07-2025

  • Business
  • New York Post

1789 Capital investing in brands that enhance US prosperity

Online retailer GrabAGun had a 2.23% upswing Friday morning following a rocky start — falling 23% on day one — with its NYSE trading debut Wednesday. But board member Donald Trump Jr. says it won't deter 1789 Capital, the VC firm he joined last November, from continuing to invest in businesses he believes is vital to the future of the US. 'A lot of the things that we've done over the last few years [have come] out of necessity,' Trump Jr., who is projected to own around 300,000 shares in GrabAGun, told NYNext this week. 'We saw the affront on not just ourselves and our family businesses, but on so many Americans — and we have that ability to push back.' 4 Donald Trump Jr. (center) joined 1789 Capital late last year and was front and center at the NYSE bell ringing Wednesday. Getty Images Advertisement 'USA' chants rippled across the floor of the New York Stock Exchange Wednesday morning as Trump Jr., 1789 Capital founder Omeed Malik and GrabAGun CEO Marc Nemati rang the opening bell. Trading under the ticker PEW, GrabAGun is the latest company to go public via special-purpose acquisition company (SPAC). And, as Jeffrey Sprecher — chair and CEO of Intercontinental Exchange, the parent company that owns the NYSE — told Wednesday's crowd, the first to do so with zero shareholder redemptions. 4 GrabAGun's debut marked the first-ever SPAC listing with zero shareholder redemptions. JUSTIN LANE/EPA/Shutterstock Advertisement More than 60 blank-check companies have already gone public this year, raising $12.4 billion so far — the most since 2021, when the SPAC market reached a fever pitch with $162.6 billion raises, according to Dealogic. Omeed Malik, 1789's founder and president, said he believes the public is ready to back businesses previously sidelined by woke investors who prioritize investing in companies promoting environmental, society and governance issues, known as ESG investing. He coined the term EIG — entrepreneurship, innovation and growth — to characterize 1789 Capital's priorities. 4 GrabAGun is a Texas-based online firearms retailer known for its wide selection of guns, ammo and accessories. Getty Images Advertisement 'It's not just parallel economy,' Malik told NYNext this week. 'We want to invest in any company that's going to enhance the security or prosperity of the United States. 'It could be a defense tech company. It could be helping with the re-industrialization of the United States around rare earth minerals. Or it could be a very innovative AI company that's disrupting something inefficient that the American people need.' 4 1789 Capital was founded by Omeed Malik (left) on the thesis that capital markets have become increasingly politicized — and aims to counter that by investing in the EIG (entrepreneurship, innovation and growth) world. AFP via Getty Images Advertisement When Trump and Malik Jr. took online marketplace PublicSquare public in 2022, the move was framed as a response to what they viewed as ideological censorship by Big Tech. This story is part of NYNext, an indispensable insider insight into the innovations, moonshots and political chess moves that matter most to NYC's power players (and those who aspire to be). Two years later, that stance is no longer considered fringe. And 1789 Capital, its name a reference to the year the Bill of Rights was introduced, isn't the only firm looking to tap into a widening appetite for businesses that, as Trump Jr. put it, 'wouldn't have been considered PC, and therefore were overlooked.' Through Colombier Acquisition Corp. — the SPAC affiliated with 1789 Capital — the pair played an outsized role in bringing that agenda to Wall Street. Malik, a mega-donor to the Republican party, has also backed Rumble and is affiliated with Truth Social — both dealing with free speech and First Amendment protections. Send NYNext a tip: nynextlydia@

Donald Trump Jr-led online gun store known on Wall Street as ‘PEW' launches stock offerings
Donald Trump Jr-led online gun store known on Wall Street as ‘PEW' launches stock offerings

The Independent

time16-07-2025

  • Business
  • The Independent

Donald Trump Jr-led online gun store known on Wall Street as ‘PEW' launches stock offerings

GrabAGun, an online gun retailer known on Wall Street as 'PEW,' went public Wednesday morning as newly minted board member Donald Trump Jr. rang the New York Stock Exchange's opening bell. Don Jr. joined the board of GrabAGun Tuesday, ahead of the online gun retailer's debut on the NYSE. GrabAGun, which sells firearms and accessories online, is backed by 1789 Capital, a private equity firm where Trump Jr. is a partner. The venture capital firm has a focus on investing in conservative, MAGA-aligned companies, including the Tucker Carlson Network, XA, and SpaceX. GrabAGun's shares will trade on the NYSE under the symbol 'PEW,' which Trump Jr. says represents the sound of shooting a gun, according to NBC News. 1789 Capital founder and President Omeed Malik's company, Colombier II, acquired GrabAGun, and after a SPAC merger, the company expects more than $179 million in gross proceeds at the closing bell Wednesday, Malik and Trump Jr. told Fox News' Maria Bartiromo. 'To be able to come back to the New York Stock Exchange and actually take a gun company public, feels like such a vindication of all the insanity, all the woke nonsense that we've been watching and facing for the last decade in America,' Trump Jr. said. Trump Jr. said the company intends to use the technology platform to open up the firearm space and allow more people to gain access to firearms. 'It's a $25 billion TAM (Total Addressable Market) and it's been suppressed. So what we're doing here with this transaction is unleashing the desire for people that already exists,' Malik said. 'You have one out of every two households in America that has a firearm. We have a Second Amendment right. You have private actors, often at the behest of the federal government, have been suppressing that right,' he continued. 'So what Don and I have done is circumvented those gatekeepers, who are self-appointed, and allowed an industry to grow the way it should be able to.'

Donald Trump Jr, Omeed Malik Still 'Long On Elon' After Feud
Donald Trump Jr, Omeed Malik Still 'Long On Elon' After Feud

NDTV

time16-07-2025

  • Business
  • NDTV

Donald Trump Jr, Omeed Malik Still 'Long On Elon' After Feud

Donald Trump Jr., a partner at 1789 Capital, said the investment firm still supports Elon Musk's companies financially and is looking past the billionaire's public falling-out with his father, the US president. "The reality is, there's going to be political differences," Trump Jr. said in an interview with Bloomberg TV in New York Tuesday. "I love Elon as an innovator." This is a modal window. The media could not be loaded, either because the server or network failed or because the format is not supported. Founder Omeed Malik created 1789 Capital to invest in companies that are part of the "parallel economy" - firms broadly aligned with conservative values. It has backed Musk's companies, including xAI and SpaceX, with more than $50 million. Malik said in the interview that the firm also invested in X, which is now merged with xAI, and Neuralink. Malik said that won't change, despite President Donald Trump's feud with Musk, where the two men traded increasingly personal barbs on X, as Musk exited the administration's monthslong effort to cut spending at government agencies, the so-called Department of Government Efficiency. "I'm long on Elon. Our fund is," Malik said. "We think the Elon Index, if you will, is something that's here to stay, and the companies are demonstrating their success independent of whatever personal issue may happen." The two men spoke as GrabAGun, an online retailer of guns and ammunition, readied its debut on the New York Stock Exchange on Wednesday, through a deal with a blank-check company Malik runs. Trump Jr. is slated to sit on the board of the combined company. The deal garnered $179 million in gross proceeds, according to a statement Tuesday. Trading under the ticker PEW, the newly public company will add to an expanding network of "anti-woke" businesses that 1789 backs.

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