Colombier Acquisition Stock Price, News & Analysis

Colombier Acquisition Corp. II (NYSE: CLBR) has operated as a blank check company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. According to public disclosures, Colombier II has focused on opportunities that fit within the management team’s background in Entrepreneurship, Innovation and Growth (EIG), including parallel economies, the return of products and services developed within the United States, sectors with impaired value due to certain investor mandates, and businesses in regulated areas addressing market inefficiencies.

Colombier II entered into a definitive business combination agreement with Metroplex Trading Company LLC, doing business as GrabAGun.com ("GrabAGun"), an online retailer of firearms, ammunition and related accessories. The transaction created a go-forward public company named GrabAGun Digital Holdings Inc. As disclosed in Business Wire releases and SEC filings, the combined company is named GrabAGun Digital Holdings Inc. and its securities are expected to trade on the New York Stock Exchange under the ticker symbols "PEW" and "PEWW", with CLBR representing Colombier II prior to this transition.

GrabAGun, which became Colombier II’s business combination partner, is described in multiple news releases as a fast growing, digitally native eCommerce retailer of firearms and ammunition ("F&A"), related accessories and other outdoor enthusiast products. The company positions itself as focused on the next generation of firearms enthusiasts, sportsmen and defenders. GrabAGun emphasizes a technology-first, mobile-focused and scalable eCommerce platform that uses proprietary inventory and order management systems and AI-driven tools to streamline the customer journey and support regulatory compliance.

In connection with the completed business combination, Colombier II and GrabAGun became wholly owned subsidiaries of GrabAGun Digital Holdings Inc. A Business Wire announcement notes that, as a result of the transaction, the combined company received gross proceeds intended for working capital and other corporate purposes, including growth initiatives and acquisition plans. The same announcement states that the business combination was approved at an extraordinary general meeting of Colombier II shareholders.

Colombier II’s status as a standalone listed SPAC changed following the completion of this transaction. A Form 25 filed with the U.S. Securities and Exchange Commission (SEC) by the New York Stock Exchange on July 16, 2025, provides notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 for Colombier Acquisition Corp. II securities on the NYSE. Subsequently, a Form 15 filed on July 22, 2025, certifies the termination of registration under Section 12(g) and the suspension of Colombier II’s duty to file periodic reports under Sections 13 and 15(d) of the Exchange Act, indicating that CLBR has been deregistered as a reporting company.

For investors and researchers, CLBR therefore represents the historical SPAC vehicle that brought GrabAGun Digital Holdings Inc. to the public markets. Historical information about Colombier II includes its focus on EIG-aligned sectors and its role in structuring and financing the transaction with GrabAGun. Current operating activities and business fundamentals are associated with GrabAGun Digital Holdings Inc. and its NYSE-listed securities under the PEW and PEWW symbols, as described in the company’s press releases and registration statements.

Business combination with GrabAGun

Public announcements describe the business combination between Colombier II and GrabAGun as a transaction valued at $150 million, with existing GrabAGun equity holders receiving stock and cash consideration in the combined company. The transaction was framed as enabling GrabAGun to pursue strategic acquisitions in the Second Amendment (2A) space, fund growth initiatives, and support general corporate purposes. The board of directors of Colombier II approved the transaction, and GrabAGun equity holders entered into support agreements to vote in favor of the deal, as disclosed in the Business Wire announcement of January 6, 2025.

GrabAGun’s own description in these releases emphasizes its role as an online retailer offering a large assortment of sporting firearms, ammunition and accessories to enthusiasts across different experience levels. The company highlights its proprietary software expertise, AI-powered pricing and demand forecasting, and dynamic inventory and order management systems, which together support logistics, regulatory compliance and the customer experience. These details provide context for why Colombier II selected GrabAGun as its business combination target within its EIG-oriented mandate.

Trading status and symbol transition

Prior to the completion of the business combination, Colombier II’s securities traded on the New York Stock Exchange under the symbols CLBR for Class A ordinary shares, CLBR.U for units, and CLBR.WS for warrants, as reflected in multiple Form 8-K filings. Following shareholder approval and closing of the business combination, public communications state that the combined company’s common stock and warrants are expected to trade on the NYSE under the symbols PEW and PEWW, respectively.

The subsequent Form 25 filing by the NYSE and Form 15 filing by Colombier II document the delisting and deregistration of Colombier II securities under the CLBR-related symbols. As a result, CLBR functions as a historical ticker associated with the SPAC phase of the transaction, while ongoing market activity is expected to be under the new symbols associated with GrabAGun Digital Holdings Inc.

Regulatory and disclosure framework

The business combination and related matters have been documented through a series of SEC filings, including a registration statement on Form S-4 filed by GrabAGun Digital and GrabAGun, proxy materials filed by Colombier II, and multiple Current Reports on Form 8-K describing milestones such as the effectiveness of the S-4, scheduling of the extraordinary general meeting, and the minimal redemption levels ahead of closing. These filings, together with Form 25 and Form 15, provide a regulatory record of Colombier II’s lifecycle from initial public offering as a SPAC through its combination with GrabAGun and eventual deregistration.

Understanding CLBR for research and historical analysis

For those researching CLBR stock or Colombier Acquisition Corp. II, it is important to recognize that the ticker now primarily serves as a historical reference to the SPAC that facilitated GrabAGun Digital’s listing. Historical CLBR filings and press releases offer insight into the transaction structure, shareholder approvals, redemption dynamics and the strategic rationale for combining with GrabAGun. Current business operations, financial performance and strategic initiatives are associated with GrabAGun Digital Holdings Inc. under its own trading symbols, as described in its public communications and SEC filings.