Latest news with #ColombierAcquisition
Yahoo
3 days ago
- Business
- Yahoo
GrabAGun stock price declines after SPAC merger and listing on NYSE
GrabAGun Digital Holdings, an online firearms store backed by Donald Trump Jr., did not have the stock market debut that he and other shareholders had hoped for. Instead, its shares fell 23% Thursday on their first day of trading on the New York Stock Exchange (NYSE). This new tax deduction in Trump's 'big, beautiful bill' lets people cash in on charitable donations up to $2,000. Here's what to know These are the 3 best questions to ask at the end of your job interview Ikea is launching new smart home products, and they're designed to be extra easy to use The stock, which trades under the ticker PEW, was down again about 1.23% in premarket trading on Friday as of this writing. The president's eldest son had started Wednesday with a triumphant tone. Donald Trump Jr. rang the NYSE's opening bell as people chanted 'USA,' just one day after fellow shareholders had approved GrabAGun's merger with Colombier Acquisition Corp. II, a special purpose acquisition company, or SPAC. He was joined by the SPAC's CEO, Omeed Malik. Trump Jr., who owns 300,000 shares of GrabAGun, according to a filing with the Securities and Exchange Commission (SEC), trumpeted the market debut of a firm that trades in firearms. In an interview with Fox Business, he stated, '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 of the 'woke' nonsense that we've been watching and facing for the last decade in America.' GrabAGun raised $179 million in gross proceeds from the merger, according to the company. Malik and Trump Jr. are both also connected to 1789 Capital, as president and a partner, respectively. The decision to merge with a SPAC is an interesting one. Markets experienced a SPAC boom during the early pandemic years, but their bubble has long since burst. In its place is a long list of failed SPAC mergers and—in some cases—lessons learned by companies like BuzzFeed, Virgin Galactic, and 23andMe. This post originally appeared at to get the Fast Company newsletter:
Yahoo
4 days ago
- Business
- Yahoo
Donald Trump Jr-Backed GrabAGun Just Started Trading. How Should You Play PEW Stock Here?
GrabAGun (PEW) went live on the New York Stock Exchange after completing its SPAC merger with Colombier Acquisition Corp. II that raised $179 million. Donald Trump Jr., who joined the board and owns a 1% stake in the online firearms retailer, rang the opening bell. More News from Barchart Insider Trading Alert: Here's Who Bought Nvidia and AMD Stock Before the U.S. Chip Deal with China Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? New Reports Call UnitedHealth's Earnings Momentum Into Question. How Should You Play UNH Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, the celebratory mood didn't quite translate to investor enthusiasm, with PEW shares losing as much as 20% on July 17. This follows a similarly sizable plunge on Wednesday, July 16. What the Disappointing Debut Means for GrabAGun Stock A sharp decline in a firm's share price on day one is rarely a good omen, and GrabAGun stock is hardly any different. Despite significant revenues and high-profile backing, PEW shares closed significantly below their opening price on Thursday, signaling investor skepticism. SPAC deals often face scrutiny over valuation and long-term viability, and GrabAGun's politically charged branding may have added volatility. While the company claims profitability and a sizable addressable market, the poor debut suggests investors are cautious – either about regulatory risks, competitive pressures, or the sustainability of its growth story. For now, the market seems convinced that GrabAGun's narrative doesn't even begin to justify its current valuation. Why PEW Shares Remain Highly Speculative to Own PEW stock remains unattractive despite a notable pullback on Thursday as it sits right at the intersection of politics and SPAC volatility. GrabAGun operates in a heavily regulated industry, and any shifts in federal or state gun law could impact its business rather significantly. While Trump Jr.'s involvement may attract attention, it also polarizes sentiment, making the stock much more vulnerable to political cycles. SPAC-backed firms often lack the transparency and institutional coverage that conventional IPOs enjoy, leaving retail investors exposed. In short, without a clear roadmap for scaling or diversifying revenue, the SPAC stock remains a speculative play at best rather than a stable investment. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Fast Company
4 days ago
- Business
- Fast Company
GrabAGun stock price declines after SPAC merger and listing on NYSE
GrabAGun Digital Holdings, an online firearms store backed by Donald Trump Jr., did not have the stock market debut that he and other shareholders had hoped for. Instead, its shares fell 23% Thursday on their first day of trading on the New York Stock Exchange (NYSE). The stock, which trades under the ticker PEW, was down again about 1.23% in premarket trading on Friday as of this writing. The president's eldest son had started Wednesday with a triumphant tone. Donald Trump Jr. rang the NYSE's opening bell as people chanted 'USA,' just one day after fellow shareholders had approved GrabAGun's merger with Colombier Acquisition Corp. II, a special purpose acquisition company, or SPAC. He was joined by the SPAC's CEO, Omeed Malik. Trump Jr., who owns 300,000 shares of GrabAGun, according to a filing with the Securities and Exchange Commission (SEC), trumpeted the market debut of a firm that trades in firearms. In an interview with Fox Business, he stated, '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 of the 'woke' nonsense that we've been watching and facing for the last decade in America.' GrabAGun raised $179 million in gross proceeds from the merger, according to the company. Malik and Trump Jr. are both also connected to 1789 Capital, as president and a partner, respectively. The decision to merge with a SPAC is an interesting one. Markets experienced a SPAC boom during the early pandemic years, but their bubble has long since burst. In its place is a long list of failed SPAC mergers and—in some cases—lessons learned by companies like BuzzFeed, Virgin Galactic, and 23andMe.
Yahoo
5 days ago
- Business
- Yahoo
Stock of an online gun seller backed by Donald Trump Jr. drops 30% in its 2nd day of trading
GrabAGun Digital Holdings stock is down sharply in the two days since its market debut. The digital firearms seller counts Donald Trump Jr. as a member of its board of directors. Shares fell as much as 30% on Thursday, extending deep losses from its Wednesday trading debut. Investors haven't cheered the latest Trump-linked company to go public. GrabAGun Digital Holdings started trading on the New York Stock Exchange on Wednesday after merging with Colombier Acquisition Corp II. Omeed Malik, CEO of the blank-check company, is a Trump campaign and Republican Party megadonor, and Donald Trump Jr., the oldest son of President Donald Trump, is a member of the company's board of directors and an advisor. After plunging on its first day of trading, the stock dropped again on Thursday. Shares were down as much as 30% to $9.24. Trading under the ticker PEW and describing itself as the "Amazon of guns," GrabAGun operates in a unique market niche: selling firearms and ammunition over the internet. Trump Jr. touted the GrabAGun IPO in multiple X posts, stating "What we're doing with @grabagun would have been unthinkable 4 years ago." The two-day plunge might not be surprising given how other firearm stocks have performed in 2025. Smith & Wesson Brands is down 17% year-to-date, and Sturm Ruger & Company stock has been highly volatile. Other Trump-linked stocks have had a tough year as well. Trump Media and Technology Corp. is down 44% year-to-date after being among the "Trump trades" expected to benefit from the president's second term. Marcus Sturdivant Sr., managing member of financial advisory The ABC Squared, nodded to the potentially polarizing nature of a public company whose business is selling guns, especially one directly linked to Trump. "It is challenging to grow a business when you isolate a large segment before your first stock is issued," Sturdivant said. "There is power in niche marketing, [but that] usually works better in operational sales than in stock market selling," he said. Read the original article on Business Insider
Reuters
5 days ago
- Business
- Reuters
Trump Jr.-backed GrabAGun's stock extends losses after sinking on debut
July 17 (Reuters) - Donald Trump Jr.-backed GrabAGun's (PEW.N), opens new tab shares slipped 22% on Thursday, deepening their post-debut slide and highlighting the degree of investor scrutiny even newly listed companies with high-profile backers are being subjected to. The firearms retailer went public after clinching a merger with Colombier Acquisition Corp. II , a special purpose acquisition company backed by Omeed Malik, a prominent donor to U.S. President Donald Trump's campaign. But SPACs have faded from their pandemic-era heyday and firms that list through them can often be met with more caution compared to those that opt for the traditional IPO route. "The company's polarizing brand likely led it to choose a SPAC merger over a traditional IPO, exposing it to the market's skepticism," said Lukas Muehlbauer, research analyst at IPO research firm IPOX. "Investors are likely looking past the political branding, focusing on whether the company can find a sustainable path to increase market share." Founded in 2010, GrabAGun offers an assortment of sporting firearms, ammunition and accessories. The company markets itself as the "Amazon of guns", banking on a tech-driven shopping experience to appeal to a younger generation of firearm enthusiasts. With major players either exiting or staying out of the market, GrabAGun also faces limited competition, it said in a presentation in January. It is among the many business interests of the Trump family, whose portfolio spans real estate, hospitality, media and, increasingly, politically aligned ventures tied to gun rights and conservative consumerism. The Trumps' political background has helped their companies attract a loyal base of supporters, particularly among those seeking a "parallel economy" that they claim upholds free speech. "What we're doing with GrabAGun would have been unthinkable four years ago at the height of wokeness in corporate America," Trump Jr. said in a post on X, opens new tab. Trump Jr., Donald Trump's oldest son, owns about 300,000 shares in GrabAGun and also has a seat on its board. The stake is currently worth around $3 million, based on the latest stock price and Reuters calculations. The company will join a growing group of right-leaning businesses such as Trump Media & Technology Group (DJT.O), opens new tab , Rumble (RUM.O), opens new tab and Chain Bridge Bancorp (CBNA.N), opens new tab that have gone public in recent years. A SPAC is a shell entity with no business operations, which uses the proceeds raised through its IPO to merge with a private company, effectively taking it public. SPACs allow their shareholders to redeem their shares and get their money back if they do not like the proposed merger target. Colombier said earlier this week it had seen "near-zero" such redemptions, opens new tab, signaling "clear confidence" in the GrabAGun business.
