Colombier Acquisition Corp III (CLBR) News & EventsCLBRNews & EventsColombier Acquisition Corp III

GrabAGun to become public through Colombier Acquisition combination agreement

Metroplex Trading, doing business as GrabAGun, and Colombier Acquisition (CLBR) announced that the companies have entered into a definitive business combination agreement. After the anticipated closing in the summer of 2025, the combined company will be named GrabAGun Digital and its shares are expected to trade on the NYSE under the symbol (PEW). Colombier II shares currently trade on the NYSE under the symbol. The board of directors of Colombier II has approved the transaction. The transaction will require the approval of the equity holders of GrabAGun and the shareholders of Colombier II. All the equity holders of GrabAGun have entered into support agreements under which they have agreed to vote in favor of the transaction. The transaction is subject to other customary closing conditions. The transaction is valued at $150M with the current equity holders of GrabAGun receiving $100M of stock in the combined company and $50M of cash. GrabAGun's existing equity holders and management are rolling two-thirds of their equity into the transaction. The combined company's shares of common stock that GrabAGun equity holders receive in the transaction and the combined company's shares of common stock that Colombier II's sponsor receives in the transaction in exchange for its founder shares will be subject to lock-up restrictions.