Omeed Malik’s SPAC Close to Deal with Gun Retailer GrabAGun
Omeed Malik’s SPAC is reportedly finalizing a merger with GrabAGun, a gun retailer, valued at around $150 million
Omeed Malik, GrabAGun, Dallas, SPAC, Firearms, Colombier Acquisition Corp
Dallas: So, it looks like Omeed Malik’s SPAC, Colombier Acquisition Corp. II, is about to merge with GrabAGun, an online gun retailer. This deal is valued at around $150 million and could be announced soon, maybe even Monday, if everything goes smoothly.
Malik, who used to work at Bank of America, is leading this charge. He’s got a history of backing companies that align with conservative values, which is pretty interesting. His first SPAC already merged with a company that connects “patriotic” consumers with businesses.
GrabAGun, founded in 2011, is doing well financially, raking in about $100 million in revenue last year. They focus on firearms and accessories, and they’re all about helping folks understand their rights under the Second Amendment.
It’s worth noting that GrabAGun and Colombier haven’t commented on this yet. Colombier raised $170 million in an IPO last November, and their shares are doing okay, sitting at about $11.79 each.
Malik believes there’s a big market for businesses that align with certain values, and he’s looking to tap into that. Plus, background checks for gun purchases have been on the rise, which could indicate a growing interest in firearms.
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