Fri Jul 18 01:30:00 UTC 2025: **Here’s a summary:**
GrabAGun, an online firearms retailer, went public on Wednesday via a SPAC merger. Donald Trump Jr., a board member, rang the opening bell at the NYSE. Despite an initial spike, the stock closed down almost 24%. The company gained over $119 million from the transaction, earmarked for growth initiatives. Trump Jr.’s presence on corporate boards has often led to temporary stock surges, including at Unusual Machines and PublicSquare, and Dominari Holdings showing the influence his name carries.
**Here’s a news article based on the text:**
**GrabAGun Debuts on NYSE with Trump Jr. Ringing the Bell, Shares Decline**
**NEW YORK (AP) —** Online gun retailer GrabAGun Digital Holdings began trading on the New York Stock Exchange Wednesday under the ticker “PEW,” with board member Donald Trump Jr. presiding over the opening bell.
The company, which also sells ammunition and accessories, went public through a merger with Colombier Acquisition Corp., a special purpose acquisition company (SPAC). GrabAGun said the deal netted it over $119 million, which it intends to use for working capital and future expansion.
Despite initial gains, GrabAGun’s stock ultimately closed down nearly 24% on its first day of trading.
The debut highlights the ongoing trend of companies using SPACs to access public markets more quickly.
Donald Trump Jr.’s involvement as a board member has drawn attention to the company. His presence on corporate boards has been linked to stock price fluctuations in the past. Other examples included Unusual Machines and PublicSquare, as well as the financial advisory firm Dominari Holdings.
GrabAGun said it plans to use the funds from the SPAC merger to expand its offerings and grow its customer base.
Copyright 2025 The Associated Press. All Rights Reserved.
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