The online gunseller with Donald Trump Jr. on its board makes its market debut. Shares plunge

MATT OTT

Wed, Jul 16, 2025, 11:59 PM 2 min read

WASHINGTON (AP) — Online firearms seller GrabAGun Digital Holdings, with the banal ticker “PEW,” made its marketplace debut connected Wednesday aft committee subordinate and lad of the U.S. president, Donald Trump Jr., rang the opening doorbell astatine the New York Stock Exchange.

Shares of GrabAGun spiked astatine archetypal but past sank, closing down astir 24%.

GrabAGun, which besides sells ammunition and firearm accessories connected its website, went nationalist done a merger with a peculiar acquisition company, oregon SPAC, named Colombier Acquisition Corp. The Palm Beach, Florida, institution said the transaction netted it much than $119 million, which GrabAGun said volition beryllium utilized for moving superior and “other purposes to accelerate the company's aboriginal growth.”

Special acquisition companies, sometimes called “blank check" companies, tin springiness startups quicker and easier routes to getting their shares trading publicly, portion avoiding the accepted scrutiny that comes with a much modular IPO.

Corporate involvement successful having Trump Jr. arsenic a subordinate of the committee accelerated upon his father's triumph successful the U.S. statesmanlike election.

Trump Jr. had been named to 1 committee spot betwixt 2020 and 2025, and that was his father's Trump Media & Technology Group successful 2022.

Since Election Day successful November 2024, Trump Jr. has been named to the committee of directors astatine 5 companies, including GrabAGun.

There are wide benefits that travel with the name.

Trump Jr. was named to the committee of drone shaper Unusual Machines successful the aforesaid period that his begetter was elected. Shares successful the institution tripled successful the days aft the announcement.

Shares of the alleged “anti-woke” online marketplace PSQ Holdings, doing concern arsenic PublicSquare, much than tripled aft it named Trump Jr. to its committee successful aboriginal December.

In February, the fiscal advisory steadfast Dominari Holdings named Trump Jr. and his member Eric Trump to an advisory board, sending its shares from astir $3 to $13 successful a substance of days.