Overview

• GrabAGun went public July 16 through a merger with SPAC Colombier Acquisition Corp. II, securing $179 million in gross proceeds for working capital and growth initiatives.
• Donald Trump Jr. joined GrabAGun’s board and rang the New York Stock Exchange opening bell, holding roughly a 1% stake through about 300,000 shares.
• After an initial uptick at debut, the stock plunged more than 20% on its first day, dropped further on July 17 and remained well under its $21.40 IPO price despite a modest 2% premarket uptick on July 18.
• The steep declines underscore investor wariness toward SPAC listings tied to political branding and celebrity involvement.
• With fresh capital in hand, GrabAGun must navigate heightened market scrutiny of its MAGA-aligned business model while delivering on growth expectations.