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GrabAGun Goes Public Through SPAC Deal with Donald Trump Jr.'s Help
NEW YORK CITY, NEW YORK, JUL 16 – GrabAGun raised $179 million through a SPAC merger to fund growth despite its stock dropping over 20% on debut, with Donald Trump Jr. joining the board to support conservative causes.
- On Wednesday morning, GrabAGun Digital Holdings went public on the New York Stock Exchange as Donald Trump Jr. rang the opening bell, and shares tanked on their first trading day.
- GrabAGun merged with SPAC Colombier Acquisition Corp II, raising $179 million in gross proceeds, and now trades under the ticker PEW.
- Shares of GrabAGun Digital Holdings fell as much as 30% on Thursday, extending deep losses from its Wednesday debut and dropping to $9.24 under the PEW ticker.
- Investors haven't cheered this Trump-linked firm, with Marcus Sturdivant Sr. saying `It is challenging to grow a business when you isolate a large segment before your first stock is issued.`
- Soon, they will pick another conservative company to connect to capital markets, and evangelists bet right-leaning countercultural businesses will endure in the U.S. economy.
75 Articles
75 Articles
The Western Journal
DailyTruthReport'A Great Vindication': Trump Jr. Thanks Dems for Helping His New Company Go Public
Donald Trump Jr. thanked Democrats Wednesday at the New York Stock Exchange as he and his business partner, Omeed Malik, went public with their new retail gun company. Trump and […] The post 'A Great Vindication': Trump Jr. Thanks Dems for Helping His New Company Go Public appeared first on The Western Journal.
Exclusive | Donald Trump Jr., Omeed Malik are all about investing in companies that enhance US prosperity, even as GrabAGun has rocky debut
Online retailer GrabAGun had a 2.23% upswing Friday morning following a rocky start with its NYSE trading debut Wednesday. But board member Donald Trump Jr. says it won't deter 1789 Capital.
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…
Why Donald Trump Jr. Took the 'Amazon of Guns' to Market
Two years ago, Donald Trump, Jr. and Omeed Malik rang the opening bell at the New York Stock Exchange as renegades. They had just turned PublicSquare, a Yelp-like directory of conservative businesses, into a publicly traded company, marking the emergence of a movement rebelling against “woke-ism” with their wallets. When the pair returned on July 16, the environment on Wall Street had changed dramatically. [time-brightcove not-tgx=”true”] With …
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