A Coppell-based online gun retailer is set to go public this year as it brings on some high-profile help from the Trump family.
Metroplex Trading Co. — which is doing business as GrabAGun — is set to join the New York Stock Exchange through a special purpose acquisition company, according to a statement on Monday. The transaction, valued at $150 million, is set to close in the summer.
GrabAGun is looking to attract new generations of buyers of firearms, ammunition and accessories with e-commerce options. Sales for the company rose more than 9% for the 12 months ended Sep. 30 to $99.5 million as income more than doubled.
Donald Trump Jr. is a newly appointed adviser to GrabAGun and will become an equity holder with the deal’s closing.
I’m thrilled to partner with @GrabAGun as we prepare to take them public with @clbrspac. It’s important to me to support companies that share my values and I believe they will do the same for the 2nd Amendment as X, Rumble and Truth Social have done for the 1st Amendment! $CLBR
— Donald Trump Jr. (@DonaldJTrumpJr) January 6, 2025
“It’s truly important to me to only support and invest in companies that actually share my pro-American values, which is exactly why I’m so excited to announce our partnership with GrabAGun,” Trump said in the statement.
Under the agreement, GrabAGun is combining with Colombier Acquisition Corp. II, the special purpose acquisition company. It’s set to be named GrabAGun Digital Holdings Inc. and its shares are expected to trade under the symbol “PEW.” Colombier is led by Omeed Malik, an entrepreneur and investor, and former managing director and the global head of the hedge fund advisory business at Bank of America. Malik was a supporter of President-elect Trump’s election effort, according to CNBC.
GrabAGun, founded in 2010, has proprietary technology, including AI-driven listings, demand prediction and automated procurement systems. The company offers an assortment of sporting firearms, ammunition and accessories for enthusiasts “of all ages, backgrounds and experience levels,” it said.
“GrabAGun has been one of the leaders in modernizing the shooting sports industry by leveraging its cutting-edge technology platform, advanced software solutions and seamless e-commerce experience,” said Marc Nemati, CEO of the company in the statement. “In an industry that has historically been slow to adopt modern technology, we have developed a scalable solution that delivers a best-in-class buying experience to customers nationwide.”
With the transaction that requires approvals, current equity holders of GrabAGun receive $100 million of stock in the combined company and $50 million of cash.
