Colombier Acquisition Corp. II (CLBR) and Metroplex Trading Company, LLC (GrabAGun) announced a definitive business combination agreement. The transaction values GrabAGun at $150 million, marking a significant step for the online firearms retailer to become a public company.
Under the terms, GrabAGun's current equity holders will receive $100 million in stock of the combined company, valued at $10.00 per share, and $50 million in cash. The combined entity will be named GrabAGun Digital Holdings Inc. and is anticipated to trade on the NYSE under the symbol 'PEW'.
Donald Trump Jr. has been appointed as an advisor to GrabAGun, stating his excitement to partner with the company to protect Second Amendment rights and drive growth. Omeed Malik, CEO and Chairman of Colombier II, highlighted GrabAGun's technology platform and the opportunity to consolidate the 2A sector.
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