Overview

• GrabAGun’s shares tumbled up to 30% on July 17, building on a more than 20% plunge during its July 16 debut under ticker PEW
• The company raised approximately $179 million through its merger with SPAC Colombier Acquisition Corp II to fund working capital and expansion
• nald TrTrump Jr. joined GrabAGun’s board and rang the New York Stock Exchange opening bell on July 16, holding about a 1% stake
• A slight premarket rebound on July 17 left shares below their initial trading levels
• GrabAGun, backed by conservative private equity firm 1789 Capital, is preparing to deploy its new capital to grow its online firearms, ammunition and accessories business