GrabAGun Going Public in Reverse Merger
The mobile-focused guns and ammo e-tailer plans to merge with special purpose acquisition company Colombier Acquisition Corp. II by this summer, aiming to trade on the NYSE under the symbol “PEW”. The deal is valued at $150 million, including $100 million in Colombier II stock valued at $10.00 per share and $50 million of additional cash. GrabAGun’s existing shareholders and management will cash out $50 million, rolling two-thirds of their equity into the transaction. Net proceeds after expenses will go toward strategic acquisitions, future growth initiatives, and for other general corporate ... Log in to view full article.