Omeed Malik's SPAC, Colombier Acquisition Corp. II, is reportedly nearing a merger with the gun retailer GrabAGun, valuing the company at approximately $150 million. The announcement of this deal could come as soon as January 8, 2025 [d50ba0b1]. GrabAGun, founded in 2011 and led by CEO Marc Nemati, has reported impressive revenue figures, with $100 million generated in 2024 [d50ba0b1].
Colombier Acquisition Corp. II raised $170 million in its initial public offering (IPO) in November 2023, focusing on sectors that have experienced impaired value due to investor mandates [d50ba0b1]. Malik, a former executive at Bank of America, is also the founder of Farvahar Partners and 1789 Capital, both of which support companies aligned with conservative values [d50ba0b1].
This potential merger comes at a time when there has been a significant increase in U.S. criminal background checks for gun purchases, which reached 2.76 million in December 2024 [d50ba0b1]. The deal highlights the ongoing interest in the firearms market amid changing regulatory and social landscapes [d50ba0b1].