US EditionGrabAGun Goes Public Through SPAC Deal with Donald Trump Jr.'s Help
NEW YORK CITY, JUL 16 – GrabAGun raised over $119 million through a SPAC merger but saw its shares fall more than 20% on debut despite backing from Donald Trump Jr. and conservative investors.
- Wednesday, GrabAGun Digital Holdings debuted on the NYSE, trading under ticker “PEW” after a merger with SPAC Colombier Acquisition Corp.
- Over $90 million in revenue last year and Donald Trump Jr. joined GrabAGun’s board Tuesday ahead of the debut.
- GrabAGun raised $179 million in gross proceeds and shares spiked then plunged 21% in midday trading underscore the debut’s volatility.
- Donald Trump Jr. said, `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`, while supporting the company's debut, Trump Jr. told Fox Business.
- Looking ahead, GrabAGun plans to accelerate growth initiatives and leverage SPAC deals trend to drive the company’s next phase.
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The debut of the online gun dealer GrabAGun, supported by Donald Trump Jr., ends with a price drop of 24 percent. The Trump son holds around one percent of the shares.
GrabAGun goes public through SPAC deal with Donald Trump Jr.'s help
Online gun retailer GrabAGun went public with board member and investor Donald Trump Jr. ringing the NYSE opening bell. Shares did not perform very well on their first day of trading. But executives are confident that GrabAGun is "revolutionizing" the shooting industry.
Don Jr. debuts gun company in 'triumphant return' to NYSE — shares tank anyway
A gun seller's shares tanked after Donald Trump Jr. debuted the company at the New York Stock Exchange.Before ringing the opening bell on Wednesday, Trump explained why he was supporting GrabAGun."To be able to come back to the New York Stock Exchange and actually take a gun company public feels lik...
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